In a significant move aligning Azerbaijan with global climate initiatives, Baku will host an international think tank forum on November 16, focusing on climate action, financing, and innovations in the green economy. Organized by the Center for Analysis of Economic Reforms and Communications (CAERC) in collaboration with the Asian Development Bank (ADB), the ADB Institute, and the Central Asia Regional Economic Cooperation (CAREC) Institute, the event is expected to attract leading global minds to address pressing environmental challenges.
The forum, titled "Global Green Economy: Climate Action, Financing and Innovation," will bring together representatives from some of the world's most influential think tanks, senior government officials, academic researchers, parliamentarians, private sector stakeholders, and NGOs. According to CAERC, the event aims to foster meaningful dialogue and strengthen support for the implementation of the Paris Agreement through collaboration and innovation.
A two-panel agenda is set to frame the discussions. The first panel, "Global Pathways to Sustainability: Mitigation, Adaptation, and Energy Transition," will focus on strategies to manage and reduce climate risks. Panelists will address sustainable development pathways, emphasizing the importance of adaptation and the critical energy transition needed to curb carbon emissions. The second panel, "Green Finance for Global Climate Resilience: Strategies and Innovation," will explore the financial mechanisms essential for building climate resilience, emphasizing the innovative solutions needed to mobilize and allocate resources effectively.
By convening this forum, Azerbaijan hopes to elevate its global standing on climate and environmental issues, underscoring its commitment to a green agenda ahead of COP 29. The event is expected to enhance Azerbaijan's role in the international network of think tanks, solidifying its position as a regional leader in sustainable development and climate finance initiatives.
The forum will operate in a hybrid format from CAERC’s administrative headquarters, allowing international participants to join virtually by registering online at globalthinktanksforum.ereforms.org.
With an agenda tackling both global and regional issues, the forum is anticipated to deliver actionable insights that could pave the way for transformative projects across Central Asia and beyond.
Economics
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During the virtual conference "COP29 Action Program: Energy Initiatives and Commitments" on November 4, UNIDO (United Nations Industrial Development Organization) expert Smeeta Fokeer highlighted the importance of adopting international commitments on hydrogen and tripling renewable energy capacities by 2030 at COP29 in Baku.
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On November 4, a virtual conference titled "COP29 Action Program: Energy Initiatives and Commitments" was held at the initiative of Azerbaijan's Ministry of Energy, the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), and specialized UN agencies—UNIDO (United Nations Industrial Development Organization) and UNECE (United Nations Economic Commission for Europe)—ahead of COP29. During the conference, Azerbaijan's Deputy Minister of Energy Orkhan Zeynalov announced three energy initiatives-declarations proposed by Azerbaijan as the COP29 chair for signing next week in Baku at the UN Climate Summit.
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Azerbaijan's Cabinet of Ministers has issued a decision to amend various resolutions following the May 1, 2023 Presidential Decree No. 2130, which approved the charter for the Medical Territorial Units Management Association (TƏBIB). The amendments aim to implement structural changes across multiple government regulations to reflect the shift of responsibilities to TƏBIB from other healthcare entities.
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Baku's trade and service sectors showed robust growth during the January to September period this year, underscoring the capital's resilience amid broader economic shifts. Trade turnover surged by 4.9% year-on-year, reaching a substantial 24.95 billion manat, according to the latest official data. This expansion reflects both a modest boost in consumer spending and the city's ongoing role as a commercial hub.
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