McDonald's plans to 'double down' on AI investment by 2027
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A delegation led by Yalchin Rafiyev, Deputy Minister of Foreign Affairs of the Republic of Azerbaijan and Chief Negotiator of COP29, participated in Climate Week in Panama, held from May 19–21, 2025, in Panama City.
The event was organized by the Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) and included mandated sessions and a high-level plenary meeting.
At the high-level plenary session on May 21, 2025, Yalchin Rafiyev delivered a speech outlining Azerbaijan’s initiatives under its COP29 presidency. He emphasized the significance of the historic decisions adopted at COP29, especially the Baku Climate Finance Goal, which envisions the mobilization of $300 billion annually by 2035 for developing countries. Rafiyev also highlighted the importance of reaching consensus on Article 6 of the Paris Agreement regarding carbon markets—an achievement secured under Azerbaijan's leadership after a decade of stalled negotiations.
During the visit, the Azerbaijani delegation, headed by Rafiyev, held bilateral and trilateral meetings with key stakeholders, including Simon Stiell, Executive Secretary of the UNFCCC, Noura Hamladji, Deputy Executive Secretary, as well as Ana Toni, Executive Director of Brazil’s COP30 Presidency, and Lilian Chagas, COP30 Chief Negotiator.
The meetings focused on Azerbaijan’s achievements and experiences during COP29, the implementation of its climate decisions, and the importance of these outcomes in the context of global efforts to combat climate change. Discussions also covered preparations for the 62nd session of the UNFCCC Subsidiary Bodies to be held in June 2025, and the thematic priorities of the upcoming COP30 climate negotiations.
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