Riyadh, Kingdom of Saudi Arabia, April 28, 2024 – The Islamic Development Bank (IsDB), in cooperation with the Government of Azerbaijan, today conducted an influential high-level roundtable discussion titled “.“The road to COP29”. This important event, led by His Excellency Mikhail Dzhabarov, Minister of Economy of the Republic of Azerbaijan and Governor of IsDB, will feature heads of prominent institutions and various governments, international organizations and partners to discuss the promotion of global climate action. representatives gathered together.
The roundtable, a prelude to the Conference of the Parties (COP29) scheduled to be held in Baku, Azerbaijan, in November 2024, will address pressing global environmental issues and the challenges needed to achieve the goals of the Paris Agreement and the Sustainable Development Goals. A group action was taken up. .
In his opening remarks, IsDB Vice-President Dr. Mansur Mukhtar expressed his deep gratitude to His Excellency Mikhail Dzhabarov, who played a central role in organizing this event. “We are united by the common challenges of the climate emergency, biodiversity loss and rising inequality,” Dr Mouthar said. He highlighted his IsDB's commitment to aligning all government investments with the goals of the Paris Agreement and committing the organization's significant resources to combating climate change. Last year, the Bank was able to reach its 35% target for climate finance, two years ahead of schedule.
The roundtable highlighted the need to strengthen global efforts, particularly following insights from the Global Stocktake in Dubai, and the upcoming COP29 will help to tackle global climate change. underlined the urgency of this important milestone. Discussions focused on the critical need to advance global adaptation goals and ensure adequate and predictable climate finance for developing countries and vulnerable communities.
The event concluded with a reaffirmation of COP29's commitment to success and inclusion. “This roundtable provided us with valuable insights and prepared us for a unified approach to COP29,” Dr. Mukhtar said in his closing statement. He also expressed his gratitude to all participants for their active engagement and contributions, which are expected to have a significant impact on the discussions and outcome of COP29.
IsDB and the Government of Azerbaijan continue their collaborative efforts to ensure a productive and transformative COP29 and promote a future where sustainable development and environmental resilience are at the forefront of global priorities. I'm looking forward to it.
