In January of this year production of building materials in Azerbaijan amounted to AZN 8.8 million, by 53.6% less than in January last year, the State Statistics Committee (SSC) told Turan.
Last month it produced 101.200 tons of cement, by 46.9% less than in the same period of 2015. In cement plants of the warehouses accumulated up to 61.400 tons by 1 February. The enterprises of the warehouses have over 10.3 million tons of masonry materials (cement and artificial blocks and bricks.) This is approximately by nine times greater, than was produced in January. The gypsum manufacturing decreased by (-22.6%), lime – by (-31%), bricks – by (-28.8%), a concrete solution by (-52.9%). The decline of the sector of construction materials production is accompanied by a similar trend in the real estate market, where there is a reduced need. --08D--
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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