Azerbaijan promotes sustainable development with fossil fuel revenues COP29 in Baku

Azerbaijan's Minister of Ecology and Natural Resources and COP29 President-Designate Mukhtar Babayev has stated that Azerbaijan is using proceeds from the fossil fuel sector to support long-term sustainable development efforts.

Babayev made these remarks at the opening ceremony of the 18th Baku Summer Energy School, Caliber.Az reports citing the local media.

He emphasised that delegations from multiple countries will convene in Baku this November to coordinate efforts towards achieving a global economy with zero emissions and limiting global warming to a target of 1.5 degrees Celsius.

Baku will host the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29).

A group of Eastern European countries has chosen Baku, the capital of Azerbaijan, to host COP29 climate talks next year.

Earlier, Bulgaria withdrew its candidacy to host the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change in favour of Azerbaijan.

Moreover, Baku and Yerevan agreed to support each other at some international venues. In a joint statement, Armenia said it would support Azerbaijan's bid to host the COP29 summit.

The conference is being held in rotation by five UN regional groups, and Eastern Europe will take part next year.