BAKU, Azerbaijan, November 15. Azerbaijan intends to expand cooperation with other ECO member states in the field of green energy and low-carbon economy, Azerbaijani Energy Minister Parviz Shahbazov said at an event on the launch of the ECO-UNIDO Clean Energy Center, Trend reports.
“Azerbaijan is currently actively working with three member states of the organization - Türkiye, Kazakhstan, and Uzbekistan - to create green energy corridors in the region. The Azerbaijan-Türkiye-Europe and Central Asia-Azerbaijan green energy corridors, which promote the development of a regional electricity market, are key initiatives that strengthen the ECO-region's role in enhancing energy security and combating climate change.
These corridors strengthen energy cooperation among ECO member countries, integrate regional energy networks, and create a common strategic platform for achieving zero carbon goals. Azerbaijan intends to expand cooperation with other member states of the organization in the field of green energy and low-carbon economy,” he said.
To note, the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), which will run until November 22, opened at the Baku Olympic Stadium on November 11. It is the largest event organized by Azerbaijan to date, and the first time in the region that it is being held in Azerbaijan.
Within COP29, the highest level event - the summit of world leaders on climate action – was held on November 12–13.
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.
In addition to being a top priority that creates the conditions for action, creating climate finance will also help fulfill the 1.5°C pledge by bringing everyone together.
The UN Framework Convention on Climate Change is an agreement signed at the Rio Earth Summit 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 otherwise decided by the parties, COP is held annually. The first COP event was held in March 1995 in Berlin, and its secretariat is located in Bonn.
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