First ever time in COP events history, Baku will host "Digitalization Day"
First ever time in COP events history, Baku will host "Digitalization Day"
The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
The Azerbaijani side announced that on November 16, for the first time in history, a "Digitalization Day" will be held in Baku during COP29 as part of COP events, which is designed to stimulate discussion about the important role of digital technologies in combating the climate crisis and the need for joint action in this direction.
Also on November 16, a high-level round table on "Green Digital Actions" will be held, and as a final document, the Declaration of "Green Digital Actions" will be adopted, which will serve as a basis for cooperation in order to intensify actions to combat climate change and sustainability and reflect intentions to mitigate the negative environmental consequences of accelerated digitalization and the introduction of AI (there is also a carbon footprint from these processes).
Note that Azerbaijan has offered foreign partners to support these initiatives at COP29.
It ought to be noted that during the briefing in Geneva, ITU Deputy Secretary General Thomas Lamanauskas, Permanent Representative of Azerbaijan in Geneva Galib Israfilov, Deputy Chief of Staff of the Ministry of Business Development and Transport of Azerbaijan Bakhtiyar Mammadov and head of the Economic Cooperation Department of the Ministry of Foreign Affairs Elmar Mammadov spoke.
Recall that the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change will be held in Baku on November 11-22. Azerbaijan has prepared 14 of its own initiatives for the session.
-
- Economics
- 25 October 2024 17:24
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review