The COP29 Presidency and the International Energy Agency held the first of a series of high-level dialogues ahead of the COP29 climate conference to be held in Baku, the capital of Azerbaijan this year.

These dialogues aimed to build international consensus on implementing the COP28 energy pledges and limiting global warming to 1.5 degrees Celsius, which is one of the main goals stipulated in the 2015 Paris Agreement.

The dialogue was held at the IEA headquarters in Paris, and was co-chaired by COP29 President-designate Mukhtar Babayev, IEA Executive Director Fatih Birol, as well as more than 70 leaders from the energy and climate sector from around the world.

Participants include: Executive Secretary of the United Nations Framework Convention on Climate Change Simon Steele, African Union Commissioner for Infrastructure and Energy Dr. Amani Abu Zeid, German Foreign Minister and Special Envoy for International Climate Action Jennifer Morgan, in addition to representatives of the European Union and international financial institutions, and some heads of state. Previous climate peaks.

During the discussions, the importance of increasing financing for energy transitions was emphasized, especially in emerging and developing economies.

The need to ensure that energy transitions are fair and equitable was also emphasized, especially in emerging and developing economies; Access to capital for projects and high borrowing costs remain a major challenge.

The need to accelerate the implementation of practical and realistic solutions to reduce harmful emissions was also spoken of.

Expanding climate finance to support countries' efforts in their national climate plans is a key part of the COP29 presidency plan.

The African Union Commissioner stressed the need to reconsider the process of mining and extracting vital minerals for the transition to clean energy, noting that the extraction of vital minerals for the transition to clean energy is considered a vital matter, and the current operations are considered extremely flawed.

She pointed out the need to confront the issue of green investment, in addition to developing strong frameworks to give priority to transparency and environmental and social impact, and investments that are described as green must be scrutinized in order to ensure their contribution to sustainability goals.