COP29 Operating Company, Green Energy Power Plant sign memorandum in Baku

COP29 Azerbaijan Operating Company and Green Energy Power Plant LLC have signed a memorandum at Baku Stadium.

The agreement was signed by Hikmat Mustafayev, Chief of Staff at the COP29 Azerbaijan Operating Company, and Emil Ibadov, Emil Ibadov, authorized representative of Green Energy Power Plant, Caliber.Az reports via local media.

In 2023, according to the United Nations World Meteorological Organization, the global annual average temperature was nearly 1.5 degrees Celsius above pre-industrial levels (more precisely, 1.45 ± 0.12 °C).

This is a dramatic figure, because the 2015 Paris Agreement on climate change aims to limit the long-term temperature rise (i.e., the average for a decade, rather than a single year such as 2023) to no more than 1.5 degrees Celsius.

In addition to causing the polar ice caps to melt and sea levels to rise, global warming is causing other types of climate change, like desertification and an increase in extreme weather events such as hurricanes, floods and fires: the distortion of the climate risks causing incalculable damage.

The scientific community is in agreement that this is due to anthropogenic emissions of greenhouse gases into the atmosphere, especially since the Industrial Revolution. The main such gas, carbon dioxide, originates largely from the energy sector (including but not limited to the generation of electricity).

In December 2023, COP28 in Dubai closed with an explicit agreement to put an end to the use of fossil fuels, but it did not set precise targets to phase out nonrenewable energy sources. At the same time, it admitted that the world's countries are not yet on track to meet the goal of containing the global temperature rise to within 1.5° C.

By Vafa Guliyeva