Georgia is committed to submitting its third-generation Nationally Determined Contributions by 2025, consistent with the aim of limiting global warming to within 1.5 Degrees Celsius limit, said the Prime Minister of Georgia in his speech at the 29th United Nations Climate Change Conference (COP29) in Baku.

“In response to these urgent challenges, it is crucial that we remain steadfast in our commitment to halve global greenhouse gas emissions by 2030. Achieving this goal is critical if we are to limit global warming to the 1.5 Degrees Celsius target set by the Paris Agreement.

The Government of Georgia is dedicated to fulfilling its national commitments by taking concrete actions to implement the Paris Agreement. To this end, Georgia is committed to submitting its third-generation Nationally Determined Contributions by 2025, consistent with the aim of limiting global warming to within the 1.5 Degrees Celsius limit and advancing the vision of Europe as the first continent to achieve net-zero emissions. In preparing the new NDC, the Government of Georgia is actively engaging key stakeholders by embracing an inclusive, whole-of-society approach. Regrettably, due to the ongoing illegal occupation of Georgia’s Abkhazia and Tskhinvali regions, the Government is prevented from the possibility to implement similar measures in the mentioned regions, which consist of the 20% of Georgia’s territories with the aim to reduce harmful impacts of climate change and mitigate its implications.

The outcome of the New Collective Quantified Goal on Climate Finance will determine whether COP29 is viewed as a success. The NCQG must see a significant increase from the current USD 100 billion target, and stimulate the alignment of global financial flows with the goals of the Paris Agreement. In that context, it is worth recalling that at COP28 it was acknowledged that developing countries would need close to USD 6 trillion by the end of this decade to effectively address climate change. COP29 must also improve access to climate finance for developing countries, and build capacity so that these countries can effectively utilize increased climate finance”, - said Irakli Kobakhidze.