Virtual Consultation on the Azerbaijan COP29 Proposal for the CAREC Partnership for Climate, Innovation, and Trade
This year’s Conference of Parties (COP29) will be held for the first time in the CAREC member country—Azerbaijan—from 11–24 November 2024. Among the initiatives proposed by Azerbaijan is the “CAREC Partnership for Climate, Innovation and Trade.” The proposed initiative aims to promote the development of smart and technology-driven solutions to greening and facilitating regional trade. The initiative will also support climate financing objectives and private sector participation through the conceptualization of a regional fund of funds as a catalyst for venture capital development (led by Azerbaijan’s Sabah Hub and in discussion with other organizations in Central Asia).
The CAREC Secretariat is supporting the Government of Azerbaijan to organize a virtual consultation meeting with CAREC member countries to gather inputs and feedback on the subject initiative, including the signing of the proposed declaration during COP29 on 14 November 2024 (Finance, Investment and Trade Day).
Key Documents
List of Participants (ENG)