BAKU, Azerbaijan, October 5. Azerbaijan as COP29 chair and Brazil as COP30 chair are closely cooperating on the issue of “nationally determined contributions” (NDCs), a key element of the Paris Agreement on Climate Change, Azerbaijani Energy Minister Parviz Shahbazov said at the G20 Ministerial Meeting on Energy Transition in Brazil, Trend reports via the Azerbaijani Ministry of Energy.
The NDCs reflect country-specific efforts to reduce greenhouse gas and other emissions and efforts to adapt to the effects of climate change.
The NDCs are to be presented in the first quarter of 2025 in Brazil.
Shahbazov noted that high-level G20 events play an important role in climate action and will influence the results of the upcoming COP29 in Baku.
“At COP29, priorities will include agreeing on a new collective quantitative goal (NCQG) to meet the growing climate finance needs of developing countries. Also among the issues is the development of efficient carbon markets,” the minister added.
He highlighted Azerbaijan's own initiatives at COP29 - “Green Energy Zones and Corridors”, “Global Energy Storage and Grids” and “Hydrogen Declaration”, which will accelerate the energy transition in the world.
“Energy transition is a process and a commitment that requires individual and collective efforts. Azerbaijan is fully committed to inclusiveness to facilitate the global energy transition and is ready to work with all stakeholders to ensure a successful outcome at COP29,” the minister emphasized.
