In Istanbul, a meeting of the Ministers of Transport of Azerbaijan, Turkey and Georgia was held. Ziya Mammadov, Binali Yildirim and George Kvirikashvili discussed the construction of the Baku-Tbilisi-Kars railway. After the meeting, a protocol was signed to speed up the construction, Turkish media reported.
At the end of the signing ceremony, the Minister of Transport Ziya Mammadov said that by the end of this year, all the work will be completed.
The Turkish Minister Binali Yildirim said that before the end of 2013, there will be a monitoring visit to Baku-Tbilisi-Kars.
The Georgian Minister George Kvirikashvili stressed that the project will strengthen the connection between the three countries and noted the funding of this project by Azerbaijan. -02D-
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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