Azerbaijan Targets Major Growth in Middle Corridor Transit Through Digital and Sustainable Solutions

Natural gas currently meets 23% of global primary energy needs and plays a critical role in driving economic growth, improving living standards, and achieving environmental goals, according to Mohammed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF). He spoke during the second joint meeting of the GECF and OPEC at COP-29.

The Trump administration may seek to reduce U.S. funding for the International Energy Agency (IEA) or appoint a U.S. envoy to influence the agency’s methodology on fossil fuel forecasting, according to S&P Global Commodity Insights.

BAKU, Nov 20 (Reuters) - The United Nations COP 29 climate summit in Baku is unlikely to conclude on its scheduled date of Nov. 22, as key agreements, including the New Collective Quantitative Goal (NCQG) on climate finance, remain unresolved, two informed sources told Turan.

Azerbaijan plans to construct two advanced data centers utilizing carbon-neutral technologies and sustainable materials, the Ministry of Digital Development and Transport announced. The facilities, to be located in Absheron and Hajigabul districts, will operate under the state-owned AzInTelecom LLC.