Mukhtar Babayev: We acknowledge challenges facing us while moving toward a climate-resilient world
Baku, July 8, AZERTAC
"During the COP29, scheduled to take place in Baku this November, the world will come together to discuss the next steps to limit global warming to 1.5C,” said Azerbaijan’s Minister of Ecology and Natural Resources, COP29 President-Designate Mukhtar Babayev as he addressed the opening ceremony of the 18th Baku Summer Energy School.
Noting that Azerbaijan has a rich legacy in the energy sector, the minister added: "Today, Azerbaijan supports the energy security of the European Union by exporting natural gas. We use the revenues from our fossil fuel industry to ensure long-term sustainable development, which means establishing a green corridor of renewable energy to Europe and financing of green energy and energy efficiency projects for our domestic market. As a developing economy, we understand the challenges of financing such projects as we move toward a net-zero climate-resilient world."
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