Baku: ‘The Baku-Bel©m Roadmap, aimed at scaling climate finance to $1.3 trillion annually, was established in this very city within the framework of COP29. The rules for carbon markets under Article 6 of the Paris Agreement were finalized. This legacy has created a solid foundation for us,’ said Fatma Varank, CEO of COP31, in her remarks delivered at the opening ceremony of Baku Climate Action Week 2026.
According to Azerbaijan State News Agency, the high-level meeting held in Shamakhi in July brought negotiation teams to the same table and contributed to building trust.