Tarif increase had effect on metro income

Azerbaijan will present its "National Electromobility Plan" at COP29, Minister of Energy Parviz Shahbazov announced in an article published in the state newspaper Azerbaijan on the occasion of "Energy Day."

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a 10% increase in assets for January-September 2024, reaching $61.698 billion, with assets growing by $1 billion in September, according to the chart.

BAKU (Reuters) - Azerbaijan aims to increase the share of renewable energy sources (RES) in its total energy system to 34.7% by 2030, representing a capacity of 2.25 GW, Energy Minister Parviz Shahbazov announced in a statement published in the newspaper Azerbaijan to mark Energy Day.

The holding of COP29 in Azerbaijan and "climate financing" as a priority of this UN summit have led Azerbaijan's banking system to accelerate work on "green" financing instruments.