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Climate Change

COP29 host urges funding and transparency for 1.5-degree target

Azerbaijan's chief negotiator says 'false perception of risks' hinders investments

COP29 chief negotiator Yalchin Rafiyev speaks to Nikkei Asia in Tokyo on May 22. (Photo by Ken Kobayashi)

TOKYO -- Increasing funding and transparency are key for enabling action to keep global warming below 1.5 degrees Celsius from pre-industrial levels, Yalchin Rafiyev, the chief negotiator of the presidency for the 29th United Nations Climate Change Conference, told Nikkei Asia on Wednesday.

Rafiyev is the deputy foreign minister of Azerbaijan, which will host COP29 in November and has set out a vision for the annual summit to enhance climate goals and find ways to meet them.

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