Azerbaijan will be the most active participant in the next COP processes, Azerbaijani Minister of Ecology and Natural Resources, COP29 president-designate Mukhtar Babayev said at the forum titled "Green finance and sustainable development" in Baku today, Olaylar reports.

"This year Azerbaijan will preside over COP, as well as generally lead global processes, and in the future, Azerbaijan will be the most active participant in this process. Leadership and good examples are expected from our country, and, of course, creative and interesting proposals and ideas are also awaited from the banking sector," he said.

The 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) will be held this November in Azerbaijan. The decision was made at the plenary meeting of COP28 held in Dubai on December 11 last year. Within two weeks, Baku will become the center of the world and will host about 70-80,000 foreign guests.

The UN Framework Convention on Climate Change is an agreement signed at the Earth Summit in Rio de Janeiro in June 1992 to prevent dangerous human interference in the climate system. The abbreviation COP (Conference of Parties) means "Conference of Parties" and is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change.

A total of 198 countries are parties to the Convention. Unless otherwise decided by the parties, COP is held annually. The first COP event was held in March 1995 in Berlin, and its secretariat is located in Bonn.