Azerbaijan and COP29: An opportunity or a challenge?
Posted by | Rauf Mammadov
Azerbaijan is set to host the 2024 United Nations Climate Change Conference (COP29) in November. The South Caucasus country aims to improve its global image and showcase its commitment to climate action, which will lead to opportunities for economic growth and green technology investment. Azerbaijan is also looking to strengthen its ties with Europe and attract foreign investment in its renewables industry.
Hosting COP29 can position Azerbaijan as a renewable energy hub in the region. The country’s plans to replace natural gas-powered electricity with up to 4 gigawatts of renewable electricity capacity, will align them with the global trend toward cleaner and more sustainable energy sources. This move could also improve relations with Azerbaijan’s neighbor, Armenia, through bilateral renewable projects designed to bring the former warring countries together.
The success of COP29 will require significant efforts to promote the cause of climate change globally, including lobbying states and private groups to invest in net-zero policies. Hosting COP29 provides Azerbaijan with an opportunity to improve its global image and strengthen its role as a leader in the region, not only in traditional energy resources but also in green technology.
This is a summary of an article written by Rauf Mammadov, Senior Manager at Fuld, for the Middle East Institute. You can read the full article here.