Azerbaijan, Honeywell discuss sustainable energy, innovation at COP29 PHOTO

Azerbaijani Economy Minister Mikayil Jabbarov, SOCAR President Rovshan Najaf, President and CEO of Honeywell Energy and Sustainability Solutions Ken West have discussed priorities in some spheres during the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29).

Among those spheres are industrial digitalisation, sustainable development, energy transition, and the development of human capital, the Azerbaijani Economy Ministry told Caliber.Az. 

The meeting included a presentation on Azerbaijan's green energy policy and the ongoing projects related to the development of renewable energy sources in the country. The meeting focused on the transition to sustainable business practices, the use of renewable energy sources, and collaboration in the application of innovative mechanisms in the economy. The importance of leveraging Honeywell’s expertise in modern technologies was emphasised, particularly for initiatives aimed at achieving an effective energy transition in Azerbaijan.

The sides exchanged views on the potential significance of Honeywell’s innovative solutions in expanding the use of sustainable energy resources in Azerbaijan and fostering efficient operations across various sectors of the economy. 

COP29, being held from November 11 to 22 at Baku Stadium, represents Azerbaijan's largest and most significant international event to date, marking the first time the country has hosted a COP summit. The event began with the signing of a Host Country Agreement and other important documents between the Azerbaijani government and the UN Framework Convention on Climate Change (UNFCCC) Secretariat. A central focus of COP29 is the establishment of a fair and ambitious New Collective Quantitative Goal (NCQG) for climate finance. In line with this, the presidency of COP29 has introduced 14 key initiatives that link climate action to the United Nations Sustainable Development Goals (SDGs).

These initiatives cover areas such as green energy corridors, energy storage, climate resilience, clean hydrogen, methane reduction from organic waste, and the development of green digital technologies. One of the flagship proposals is the creation of a Climate Finance Action Fund, aimed at supporting the critical goal of limiting global warming to 1.5°C. Throughout COP29, Azerbaijan has demonstrated its commitment to climate action and environmental protection. The unanimous decision to elect Azerbaijan as the host for this summit underscores the global community’s trust in the country’s leadership on climate issues. In his opening remarks, President Ilham Aliyev emphasized Azerbaijan’s pivotal role in global climate efforts, underscoring the country’s dedication to mitigating climate change and advancing sustainable development.

By Naila Huseynova