In its opening remarks delivered at the joint session of the Technology Executive Committee (TEC) and Advisory Board of the Climate Technology Centre and Network (CTCN), COP29 Presidency stressed the importance of technology as an essential means of implementation and critical enabler of turning ambition into action. Continued active engagement with TEC and CTCN signifies the importance that the Presidency attaches to the Technology Mechanism and the enhancement of technology implementation.
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The Board of the Fund for responding to Loss and Damage made significant decisions towards the Fund’s full operationalisation at its third meeting in Baku, hosted by the COP29 Presidency of Azerbaijan.
This includes the selection of Ibrahima Cheikh Diong as the inaugural Executive Director of the Fund for responding to Loss and Damage.
This is a critical step towards fulfilling one of the COP29 Presidency’s key objectives for this year’s global climate process, as set out in its first Letter to Parties. The COP29 Presidency will continue to seek further pledges to the Fund.
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COP29 President-Designate Mukhtar Babayev today commented on the historic milestone achieved at the third meeting of the Board of the Fund for Responding to Loss and Damage.
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