Azerbaijan Prepares for COP29 Climate Summit
Azerbaijan Prepares for COP29 Climate Summit
Azerbaijan Prepares for COP29 Climate Summit
News summary

Azerbaijan has outlined 14 initiatives for the upcoming COP29, focusing on balancing climate agenda pillars and enhancing financing mechanisms, as highlighted by co-chair Elmar Mammadov. Deputy Minister of Energy Orkhan Zeynalov confirmed that preparations involve energy initiatives and events, with 15 planned activities for COP29. Meanwhile, Azerbaijan's Minister of Economy Mikayil Jabbarov discussed potential collaboration with the World Bank on renewable energy and infrastructure projects aligned with the nation’s priorities. The summit aims to establish a new funding target for developed nations to support developing countries in climate adaptation, with proposals for voluntary funds from fossil fuel sectors to assist in this transition. Additionally, Pakistan's Federal Minister for Commerce Jawad Paul emphasized the potential for renewable energy cooperation between Azerbaijan and Pakistan, particularly in solar energy, ahead of the COP29 conference. These efforts underscore Azerbaijan's commitment to enhancing international cooperation on climate issues and sustainable development.

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