Italian PM Meloni Calls for Collective Climate Action at COP29 Summit in Baku
Italian PM Meloni Calls for Collective Climate Action at COP29 Summit in Baku
Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
Meloni highlighted the importance of tripling renewable energy capacity and doubling energy efficiency by 2030, stressing that cooperation among major greenhouse gas emitters is crucial.
“Italy is ready to play its part, committing over 4 billion euros from its climate fund for African initiatives and supporting organizations like the Green Climate Fund and the Loss and Damage Fund,” Meloni announced.
The Italian premier underscored the need for a balanced energy transition, including the continued use of fossil fuels, while advocating for a diversified approach.
“We need a diversified strategy that incorporates renewable energy, biofuels, hydrogen, and nuclear fusion. Italy is at the forefront of nuclear fusion technology. Under our G7 presidency, we hosted the first meeting of the Global Fusion Energy Group, sponsored by the International Atomic Energy Agency. We are determined to revive this game-changing technology, transforming energy from a geopolitical weapon into a common resource,” she said.
Meloni also called for stronger energy diplomacy to enhance partnerships between the global North and South, noting that shared destinies offer opportunities for sustainable growth.
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- Economics
- 13 November 2024 12:29
Economics
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Heads of national road transport associations from member states of the Organization of Turkic States (OTS - TDT) gathered in Istanbul to launch a landmark initiative: the creation of the International Association of Road Transporters (TDT-URTA). This ambitious plan, unanimously approved by all participants, marks a significant step toward enhancing cooperation in road transportation among Turkic-speaking nations.
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The European company Tree Energy Solutions (TES), with headquarters in Switzerland and Belgium, has signed a Joint Study Agreement (JSA) with SOCAR during COP29. The agreement aims to explore the development of a project for producing electricity from natural gas in the form of e-NG (synthetic methane) and hydrogen in Azerbaijan.
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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).
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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.
Türkiyə İsraillə münasibətləri kəsdi. Azərbaycanın bu addıma münasibəti necə olacaq? – Əhməd Əlili Çətin sualda
News Line
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- Social,
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