Within four months of this year, gross domestic product (GDP) in Azerbaijan amounted to 18.2 billion manat, which is 3.2 % more than in January- April 2013 .
According to the State Statistics Committee, the GDP in the non-oil sector of the economy since the beginning of this year increased by 9 %. Thus, the share of non-oil sector in the formation of GDP reached 55.2%. During this period the production of value added in the oil and gas sector continued to decline: the lag was 3.2 %.
According to estimates of GCS, since the beginning of the year to the period of 2013 the GDP in the non oil and gas industry increased by 3.9 %, construction - 21.5% , hotel and food field - 15.7% , trade and repair of motor vehicles - 9 1% , agriculture - 3,3%. - 08D-
Economics
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Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
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The State Oil Company of Azerbaijan Republic (SOCAR) on Friday signed a memorandum of understanding (MoU) with Masdar of the United Arab Emirates and ACWA Power of Saudi Arabia to develop a network of offshore wind farms with a total capacity of 3.5 gigawatts in the Azerbaijani sector of the Caspian Sea.
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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