SOCAR, Albgaz, and Albania's Energy Ministry Sign MoU to Promote Decarbonization

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.

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.

Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.

Azerbaijan’s Digital Development and Transport Ministry announced on Sunday that the country has signed an agreement with the International Civil Aviation Organization (ICAO) to adopt sustainable aviation fuel (SAF) for its civil aircraft, as part of its ongoing decarbonization efforts.