Babayev stressed that Azerbaijan, once considered too small to host such a monumental event, proved the skeptics wrong under the leadership of President Ilham Aliyev. Azerbaijan’s banking sector alone pledged $1.2 billion to green projects, while the Asian Development Bank committed $3.5 billion to tackling glacial melt. International financial institutions pledged to provide $170 billion annually by 2030, and global asset managers controlling more than $10 trillion joined Azerbaijan’s initiatives. Perhaps most significantly, COP29 saw donor countries commit to mobilizing at least $300 billion in annual climate finance starting in 2035—the largest financial target ever set within the UN climate process. Building on this, Babayev announced that Azerbaijan, together with Berlin, is preparing the Baku–Berlin Roadmap, designed to raise climate finance to $1.3 trillion annually from all sources.