The Baku Breakthrough
risingnepaldaily.com · Wed Nov 27 00:06:48 GMT 2024

The 29th Conference of the Parties (COP29) under the United Nations Framework Convention on Climate Change (UNFCCC) was held this year in Baku, Azerbaijan from November 11-22. However, it was mired in controversy from day one as it provoked widespread outcry because of its choice of host country, Azerbaijan that depends heavily on oil industry to sustain its economy. Yet, despite such controversy, a major breakthrough called ‘the Baku breakthrough’ was made in the climate summit in which an annual pledge of 300 billion USD as climate adaption fund was agreed upon for developing nations by 2035.
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