At the Antalya Diplomacy Forum, COP29 President Mukhtar Babayev highlighted Azerbaijan’s climate leadership, unveiling the Baku to Belem Roadmap. The initiative aims to scale climate finance to $1.3 trillion by 2035, with global cooperation to support developing nations.
At the Antalya Diplomacy Forum, COP29 President and Azerbaijan’s Special Representative for Climate Issues, Mukhtar Babayev, reaffirmed Azerbaijan’s leadership in advancing global climate action. He highlighted the achievements of COP29 in Baku, where Azerbaijan successfully mobilised international consensus and launched key initiatives, including the Baku Finance Goal—targeting $300 billion annually in climate finance for developing countries by 2035.
Babayev underscored the importance of translating agreements into action. He emphasised the need for donor nations to outline clear plans for fulfilling their share of the $300 billion commitment, crucial for supporting vulnerable communities and preserving the multilateral climate framework.
In a forward-looking statement, Babayev announced that the COP29 Presidency is working closely with the COP30 Bureau to draft the Baku to Belem Roadmap, a strategic vision to scale annual climate finance to $1.3 trillion by 2035. The initiative includes consultations with countries and financial stakeholders to generate practical, transparent solutions.
He also welcomed Türkiye’s ambition to host COP31 and praised global momentum for climate action, calling on nations to prepare robust, transparent emissions reduction plans in 2025.
Azerbaijan, he affirmed, remains committed to carrying forward the declarations and progress made at COP29.
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Azerbaijan is advancing its global climate leadership with an ambitious new initiative to expand climate financing to $1.3 trillion, in collaboration with Brazil, following the landmark COP29 summit held in Baku.
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On July 12, the Transitional President of the Syrian Arab Republic, Ahmad Al-Sharaa, arrived in the Republic of Azerbaijan for a working visit.
China and the Association of Southeast Asian Nations (ASEAN) have agreed to present an upgraded free trade agreement to their leaders for approval in October, Chinese Foreign Minister Wang Yi announced on Saturday.
European wine and dairy producers are facing growing uncertainty as new U.S. tariffs threaten to disrupt exports to one of their most lucrative markets.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 12th July, covering the latest developments you need to know.
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