As part of the Azerbaijan International Conference "Telecommunications and Information Technology" BakuTel 2012 held in Baku Azerbaijan ICT Forum - USA, organized jointly by the Ministry of Communications and Information Technologies of Azerbaijan, American Chamber of Commerce (AmCham) and the Embassy of the United States Azerbaijan.
The parties signed a memorandum of cooperation in the sector of information and communication technologies between Azerbaijan and the United States.
The document signed by the head of Ministry of Communications Ali Abbasov and US State Department Coordinator for International Communications and Information Policy Philip Verveer.
The forum, which was attended by government officials and private sector representatives of the two countries, discussed the prospects of the development of relations between the two countries in the field of communications and information technology, by sharing their experiences. - 17D-
Economics
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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