Azerbaijan unveils Green Growth Portal at COP29 to accelerate global decarbonization

At the COP29 summit, Azerbaijan introduced the Green Growth Portal, a new interactive tool developed by the Ministry of Economy in collaboration with Harvard University. 

The portal aims to support countries and investors in refining their green transition strategies, Caliber.Az reports, citing a post on X by Azerbaijan's Minister of Economy, Mikayil Jabbarov.

Through the post, the minister shared details of the initiative on his social media account, emphasizing its potential impact on global sustainability efforts.

According to Jabbarov, the portal, created under the guidance of Professor Ricardo Hausmann, director of Harvard University’s Growth Lab, integrates research data on the "green" value chain.

"The Green Growth Portal is envisioned to support the establishment of industrial facilities, the creation of new markets, and the identification of development pathways focused on decarbonization. By enabling countries and businesses to position themselves as suppliers in the decarbonized economy, the portal will foster green growth and significantly contribute to the global effort to reduce emissions," the minister wrote.

He added that the portal is expected to be a key resource for advancing low-carbon initiatives and supporting countries in their efforts to meet international climate commitments.

By Khagan Isayev