China's Universal International Wins Azerbaijan's First Renewable Energy Auction

EU Commissioner for Climate, Wopke Hoekstra, voiced his concerns about the inclusiveness of discussions surrounding key documents at the COP29 summit during a session organized by the presidency on November 21, called the "Kurultai" (the official name of the event).

Azerbaijan plans to allocate 7.676 billion manat ($4.5 billion) for the financing of the State Social Protection Fund (SSPF) in 2025, marking a 10.5% rise from the 2024 budget, according to Musa Quliyev, Chairman of the Parliamentary Committee on Labor and Social Policy.

The Baku International Sea Trade Port (BMMTP) will host the construction of a solar photovoltaic (PV) system to supply electricity to a new battery energy storage system (BESS), port officials said.

Leading energy companies TotalEnergies, BP, Shell, and Equinor announced a joint investment commitment of $500 million to accelerate the development of sustainable renewable and alternative energy sources during COP29 in Baku, Turan news agency reported.