Proposals by Azerbaijan:

Azerbaijan has included key proposals in the COP29 Action Agenda, such as:

• Increasing global energy storage capacity by six times by 2030.
• Promoting a global market for green hydrogen.
• Ensuring the carbon footprint from digitisation and data centres is kept to a minimum.

What did Paris Agreement of 2015 said on Climate Finance?

• Under the Paris Agreement (2015), developed countries are obligated to raise at least $100 billion annually to aid developing nations in their fight against climate change.
  • This amount is expected to increase after 2025.
• Negotiations have been slow, and countries are still debating the quantum of finance that industrialised nations should provide.

PYQ:

[2016] With reference to the Agreement at the UNFCCC Meeting in Paris in 2015, which of the following statements is/are correct?

1. The Agreement was signed by all the member countries of the UN, and it will go into effect in 2017.
2. It aims to limit the greenhouse gas emissions so that the rise in average global temperature by the end of this century does not exceed 2ºC or even 1.5ºC above pre-industrial levels.
3. Developed countries acknowledged their historical responsibility in global warming and committed to donate $1000 billion a year from 2020 to help developing countries to cope with climate change.

Select the correct answer using the code given below:

(a) 1 and 3 only
(b) 2 only
(c) 2 and 3 only
(d) 1, 2 and 3