Norwegian Minister: Every Barrel of Oil Matters in Global Emissions

Climate change remains one of the most serious challenges facing developing countries, said Qatar's Minister of Environment and Climate Change, Abdullah Abdulaziz bin Turki Al Subaie, at the COP29 summit. Qatar's approach to combating climate change is based on the National Vision 2030, which places environmental protection at its core.

Azerbaijan plays a constructive role in regulating the global oil market, the Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham al-Ghais, said at a meeting with Azerbaijan's Energy Minister Parviz Shahbazov at COP29.

At an event organized jointly with the International Energy Agency (IEA) as part of COP29, a roadmap for energy efficiency policy in Azerbaijan was presented. According to the Ministry of Energy of Azerbaijan, Deputy Minister Orkhan Zeynalov, speaking at the event, noted that Azerbaijan supports international efforts to combat climate change and is committed to reducing greenhouse gas emissions. He emphasized that serious steps are currently being taken to accelerate the transition to a "green" economy.

As part of COP29, a Memorandum of Understanding (MoU) was signed between “SOCAR Green” and “PowerChina” to explore joint opportunities in developing renewable energy projects in Azerbaijan, the press service of the State Oil Company of Azerbaijan (SOCAR).