“In Georgia, we take our responsibility to address the climate crisis and have already undertaken significant steps to make a meaningful impact,” said Georgian Prime Minister Irakli Kobakhidze at the 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan.

According to the PM, Georgia is committed to ongoing efforts to mainstream climate action in the national budget, through annual assessments enabling it to measure the impact of climate change on expenditures and economic development.

“This work identifies mitigation and adaptation costs and promotes partner collaboration, laying foundations for coordinating climate finance to enhance resilience and achieve NDC targets. Effective climate policy development, alongside transformative programmes and the decoupling of economic growth in developing countries, depends heavily on the successful alignment of global financial flows with the Paris Agreement’s objectives. Substantial financial support, technical assistance, and technology transfer to developing nations are all crucial for the effective implementation of their ambitious climate targets.

In conclusion, let me stress that Georgia is honoured to participate in the COP taking place in our region. Let us begin the journey of turning our collective aspirations into meaningful results in the fight against climate change. We will work to support our neighbours and friends from Azerbaijan to achieve a successful outcome of COP29. Together we are transforming the South Caucasus region into a region of opportunities and success,” he said.