At a joint press conference during the Petersburg Climate Dialogue, German Foreign Minister Annalena Baerbock, President-designate of COP30 André Correa, and European Commissioner for Climate Action Wopke Hoekstra discussed the historic achievements made during COP29, chaired and hosted by Azerbaijan.

Commissioner Hoekstra emphasized that a pivotal decision to triple the $100 billion financial target was made at COP29, marking the beginning of a new era in climate finance.

He also highlighted that COP30, scheduled for this year in Belem, Brazil, will be a key opportunity to reaffirm commitment to the Paris Agreement and build upon the successes of COP28 and COP29.