Azerbaijan actively continues climate diplomacy
Vienna, July 10, AZERTAC
How to combat climate change, decarbonization, green energy technologies, and solutions for sustainable development are among the main topics of discussion on Day 2 of the 9th OPEC International Seminar in Vienna. Globally, about 10% of the world's population still lacks access to electricity, and nearly 2 billion people continue to live in energy poverty.
At the podium discussion titled "From COP29 to COP30," Mukhtar Babayev, Representative of the President of Azerbaijan on Climate Issues and President of COP29, highlighted key decisions made at COP29 regarding climate finance, as well as the efforts undertaken to provide the population with electricity.
He emphasized that ensuring access to electricity in underdeveloped countries, including African nations and Small Island Developing States (SIDS), is a key aspect of climate diplomacy.
Noting that within COP29, work is ongoing with donor countries, international financial institutions, and multilateral development banks to ensure they fulfill their commitments to provide financial support in this area, Mukhtar Babayev said: “At the same time, the World Bank plays a key role in this area – it intends to implement a large project aimed at connecting 300 million people in Africa to electricity through the banking sector.”
He emphasized that while adopting such a project is easy, its implementation is extremely complex.
Mukhtar Babayev underlined the growing importance of implementing these programs in the post-COP29 period and for other stakeholders. For this reason, monthly discussions held in Brazil throughout 2025, including those at the COP30 event, will focus more on implementation issues related to climate action. This is because a large program on energy transition was adopted in Dubai, while a large-scale program on climate finance was adopted in Baku.
Emphasizing the critical importance of translating the financial outcomes achieved in Baku into concrete actions, Mukhtar Babayev noted: “The results achieved in Baku carry particular significance, especially regarding financial matters. It is now time to take action and implement the adopted programs. A program called the ‘Baku to Belém Roadmap’ was also adopted in Baku. The COP29 and COP30 teams should jointly develop a specific roadmap on how to fill the existing $301.3 trillion financial gap by 2035.
We are working together with Brazil on this program. The Brazilians are developing a financial architecture from various sources – the public sector, the private sector, multilateral development banks, international financial institutions, South-South cooperation, and other possible sources of investment.”
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