November 12, 2024, Baku - The delegation of the Ministry of Energy of the Republic of Moldova, led by Minister Victor Parlicov, is participating in the UN Climate Change Conference (COP29), which is taking place in Baku from November 11 to 22. The event brings together representatives from 197 countries and aims to accelerate the implementation of the Paris Agreement, with a focus on increasing global ambitions, ensuring climate justice and promoting sustainable development.

This year's COP meeting focuses on green finance and the creation of a new fund, financed by fossil energy producers, companies and countries, to benefit countries affected by climate change.

Within the framework of COP29, Minister Victor Parlicov will have a series of bilateral meetings, including with his Azerbaijani counterpart, Parviz Shahbazov Ogtay. During the discussions, opportunities for strengthening cooperation in the energy sector with the regional partners of the Republic of Moldova will be explored.

A central point of the visit is the signing of the Memorandum of Understanding between the Republic of Moldova and Bulgaria on cooperation in the field of security of energy supply. The partnership will support the stability of energy supply of both states and the development of common energy security solutions in the region.

Minister Parlicov will also represent our country at a panel dedicated to the green economy and climate action for resilient growth. The official will refer to the challenges and measures necessary for the transition of the Republic of Moldova to sustainability in the context of climate change.

Secretary of State Carolina Novac will participate in a series of panels and meetings, where topics related to the importance of the green transition for effective climate action, trade policies and cross-border mechanisms needed for a low-carbon economy, scaling up investments in energy efficiency and renewable in Europe and Central Asia, and solutions to increase energy efficiency in the building sector will be discussed.

COP29 brings together heads of state, political leaders, young people, climate experts and civil society representatives annually to address the urgent challenges of climate change. The central themes of this edition include strengthening adaptive capacities, increasing resilience and reducing vulnerability to climate change, especially in developing countries.