Economics
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On November 21, COP29 participants, under Azerbaijan’s presidency, held intensive discussions over two draft proposals for the "New Collective Quantified Goal" (NCQG) on climate financing. The drafts reflect deep divisions on how to allocate funds, with developing nations demanding immediate and substantial financial commitments and wealthier countries advocating for more flexible mechanisms.
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A Lufthansa airliner flying from Mumbai to Munich made an emergency landing at Heydar Aliyev International Airport early Wednesday after a passenger suffered a sudden medical emergency, airport officials said.
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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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