COP29: Panel held on "Climate Finance in the South Caucasus and Central Asia"

A panel session, “Climate Finance Landscape in the South Caucasus and Central Asia”, analyzed the current state, challenges, and future of climate finance in the region, emphasizing sustainable investments, public-private partnerships, and existing financial mechanisms for resilience and adaptation.

Photo: Azertag

On the fourth day of COP29, the Green Zone carried on its climate action programme with a joint panel session. Held on November 14, the session was organized by the COP29 Azerbaijan Operating Company and PASHA Holding, a COP29 Impact Partner, The Caspian Post reports.

A panel session, “Climate Finance Landscape in the South Caucasus and Central Asia”, analyzed the current state, challenges, and future of climate finance in the region, emphasizing sustainable investments, public-private partnerships, and existing financial mechanisms for resilience and adaptation.

A panel discussion featuring Ruslan Khalilov, CEO of the Baku Stock Exchange; Roland Pryce, World Bank Regional Director for the South Caucasus; Bahruz Naghiyev, Deputy CEO of the Executive Board at PASHA Bank; Hiroko Yano, Executive Officer and Director General of Sustainability Management Department at JBIC; and Manas Gizdhuani, CEO of AIFC Green Finance Centre, addressed challenges and opportunities for accelerating climate action in the South Caucasus and Central Asia. The discussion focused on increasing and optimizing financial support and exploring strategic partnerships.

The COP29 Green Zone also hosted several panel discussions throughout the day covering diverse topics such as innovative approaches to sustainable development, carbon emission reduction strategies, industrial sustainability, green technologies, sustainable energy, successful models for resource-based economies, and future prospects. Local and international experts shared their insights. In addition to the panels, the Green Zone’s Extreme Hangout offered film screenings, yoga sessions, and debate-style discussions for visitors.