BAKU, Azerbaijan, November 13. A memorandum of understanding was signed at COP29 in Baku between the CEOs of Saudi Electricity Company Khalid Al-Ghamdi and Azerbaijan Energy Company (Azerenerji) Baba Rzayev, Trend reports via the Azerenerji statement.
According to the statement, the memorandum, signed following a meeting between the Minister of Energy of Azerbaijan Mikayil Jabbarov and the Minister of Energy of Saudi Arabia in the COP29 Blue Zone, primarily focuses on the integration of renewable energy sources into the energy system, as well as the exchange of knowledge and experience in the field of electricity generation.
To note, the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) started in Baku on November 11. The United Nations 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 acronym COP (Conference of Parties) stands for “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 the parties decide otherwise, the COP is held annually. The first COP event took place in March 1995 in Berlin, and its secretariat is located in Bonn.
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