Azerbaijan and Its Nationally Determined Contribution (NDC) in Reducing Greenhouse Gas Emissions
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- Finance
- 6 November 2024 12:19
Industry
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On November 7, 2024, a decree by the President of the Republic of Azerbaijan led to the creation of a new transport and communications holding company, AZCON. The President explained this decision as a necessity for a "flexible management system that meets modern requirements to improve the operations of state enterprises in the transport and communications sector, enhance their economic efficiency, and increase contributions to the state budget."
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Azerbaijan relies heavily on traditional oil and gas production, exporting these resources primarily westward to markets in Georgia, Turkey, the Balkan states, and European Union member countries via pipeline infrastructure. Despite steady growth in natural gas output, with a significant increase of 19.7 billion cubic meters from 2010 to 2023, fossil fuel export revenues have declined annually due to price volatility and external economic pressures.
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With only days remaining until the 29th session of the United Nations Framework Convention on Climate Change (COP29), starting on November 11 in Baku, around 40,000 delegates from over a hundred countries are expected to attend. This event, running through November 22, marks an unprecedented responsibility for Azerbaijan, which holds the COP29 presidency, as the session will address issues of global significance.
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The risks of pollution of transboundary rivers in Karabakh by Armenian mining companies continue to worry the public of our country. How justified is this concern? Here are a number of reasons/factors that clearly explain the concern of the Azerbaijani public:
Türkiyə İsraillə münasibətləri kəsdi. Azərbaycanın bu addıma münasibəti necə olacaq? – Əhməd Əlili Çətin sualda
News Line
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- Social,
- 12:41
- 289
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