BAKU, Azerbaijan, November 13. Azerbaijan can successfully balance exports of renewable energy, Ireland's Minister for the Environment, Climate, Communications, and Transport Eamon Ryan told reporters during COP29 in Baku, Trend reports.
"Azerbaijan's technical potential for renewable energy is 135 gigawatts on land and 157 gigawatts at sea. I'm very pleased that Azerbaijan recognizes the scale of renewable energy and is eager to develop it. Developing renewable energy means peace for the world. Azerbaijan has the capacity to balance renewable energy exports," Ryan added.
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.
The main expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) on climate finance. The COP29 chairmanship has launched 14 initiatives that include linkages between climate action and the Sustainable Development Goals, including green energy corridors, green energy storage, harmony for climate resilience, clean hydrogen, methane reduction in organic waste, action on green digital technologies, and other topics.
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