Azerbaijan has introduced a new national ESG standard

Azerbaijan's Energy Minister Parviz Shahbazov has traveled to Italy to participate in the inaugural ministerial meeting of the World Fusion Energy Group (WFEG), scheduled for November 6, 2024, in Rome. The event will be co-chaired by Italian Prime Minister Giorgia Meloni and International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi.

Azerbaijan Railways CJSC (ADY) transported 6.267 million tons of transit cargo from January to October 2024, marking a 7% increase compared to the same period in 2023. In October alone, transit shipments reached 614,584 tons, 14% higher than in October of the previous year.

During the virtual conference "COP29 Action Program: Energy Initiatives and Commitments" on November 4, UNIDO (United Nations Industrial Development Organization) expert Smeeta Fokeer highlighted the importance of adopting international commitments on hydrogen and tripling renewable energy capacities by 2030 at COP29 in Baku.

On November 4, a virtual conference titled "COP29 Action Program: Energy Initiatives and Commitments" was held at the initiative of Azerbaijan's Ministry of Energy, the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), and specialized UN agencies—UNIDO (United Nations Industrial Development Organization) and UNECE (United Nations Economic Commission for Europe)—ahead of COP29. During the conference, Azerbaijan's Deputy Minister of Energy Orkhan Zeynalov announced three energy initiatives-declarations proposed by Azerbaijan as the COP29 chair for signing next week in Baku at the UN Climate Summit.