The EU Commissioner for Climate stressed the critical need to raise additional funds to support those in need.
ADVERTISEMENTAt the start of the second, final and most crucial week at COP29 in Baku, a final agreement is expected in the coming days. Climate ministers have stepped in to help advance negotiations.
While campaign groups and climate activists have expressed frustration over the slow progress of the talks, the UN Climate Chief on Monday emphasised the importance of ensuring this COP delivers greater financial support for building climate resilience and adaptation.
In their first press conference of the second week, the EU Commissioner for Climate Action reaffirmed that the EU will continue to lead and engage. He also stressed the critical need to raise additional funds to support those in need.
“It is the start of a long week of negotiations, and these things, as we all know, are never easy. But we do have a job to do. So let’s get it done,” said Wopke Hoekstra. “It is a combination of raising more money, and ‘more’ truly implies that more countries need to take responsibility.”
The focus remains on Article 6, “which can bring additional financing capabilities based on market mechanisms. So, I think it’s a combination of many things that could that could help us to progress,” said Attila Steiner, State Secretary for Energy and Climate Policy.
Hoekstra took this opportunity to call on the COP Presidency to bring all parties together to deliver concrete results in the talks taking place over the course of this week.