Azerbaijan, UN discuss investments in net-zero initiatives

Azerbaijani Economy Minister Mikayil Jabbarov has announced that Azerbaijan and the United Nations have engaged in discussions about investments in “net-zero” initiatives.

“During a meeting with UN Special Envoy for Climate Action and Finance and co-chair of the Glasgow Financial Alliance for Net Zero, Mark Carney, we addressed several economic issues related to climate change, including: - Investment-s in “net-zero” initiatives; - Transitioning towards sustainable practices; - Collaborative efforts within the framework of COP29,” Caliber.Az reports citing the minister’s message on X.

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.