[ad_1]
BAKU, Azerbaijan, July 2. Azerbaijan gained
pivotal function in main world local weather discussions this yr, Elnur
Soltanov, Deputy Minister of Power, COP29 CEO, advised Pattern in an unique interview.
“The worldwide group has entrusted Azerbaijan with
guiding the negotiation course of, which incorporates particular mandates
and essential points referred to as negotiation gadgets. The negotiation
monitor, overseen by United Nations our bodies such because the CCC
Secretariat, outlines mandated occasions that Azerbaijan, in
collaboration with UN entities, will lead and conclude,” Soltanov
defined.
He emphasised the significance of consensus within the negotiation
course of, the place all events should agree on selections. Azerbaijan additionally
holds autonomy by means of its presidential motion agenda, figuring out
nationwide priorities in tackling world warming points.
Relating to the important thing negotiation points, Soltanov recognized
finance as paramount, notably in supporting growing
nations below the Paris Settlement. Discussions throughout COP29 will
deal with growing the agreed $100 billion fund, essential for
world local weather motion.
“Article 6, centered on carbon markets, presents one other
crucial situation,” Soltanov continued. “It goals to create a framework
the place greenhouse fuel reductions in a single nation may be traded to
profit others, fostering world cooperation and monetary
incentives”.
Biennial Transparency Stories (BTRs) are essential for fostering
belief and accountability in world local weather motion, emphasised Elnur
Soltanov. He underscored the Paris Settlement’s precept of “widespread
however differentiated obligations and respective capabilities,”
noting disparities the place small island growing nations
contribute minimally to emissions but face vital local weather
impacts.
He highlighted the significance of clear reporting in
making certain efficient use of economic assist and constructing belief
amongst nations. BTRs facilitate this by detailing monetary flows
and mitigation efforts below the Paris Settlement’s transparency
framework.
Because the BTR submission deadline nears, Soltanov famous that about
60 nations, together with Azerbaijan, are getting ready their reviews. He
emphasised the necessity to assist least developed and small island
states in taking part totally within the transparency course of. “We should
present these nations with mandatory assets,” the CEO added,
reaffirming Azerbaijan’s dedication to transparency and world
local weather management.
The CEO additionally highlighted the unresolved however vital Loss and
Injury Fund, essential for addressing impacts on growing and
susceptible nations on account of previous improvement fashions.
Addressing power transition, Soltanov underscored the function of
pure fuel as a transitional gas acknowledged at COP28, balancing
emissions discount with power safety. On this regard,
Azerbaijan’s dedication to the worldwide methane pledge by means of SOCAR
additional demonstrates its proactive stance on emission management.
“Pure fuel is required for the longer term to be acknowledged as a
transition gas. This is essential earlier than we do away with the
air pollution and fuel emissions. Greenhouse fuel emissions stay a
downside; even the worldwide stocktake determination at COP28 acknowledges
pure fuel as a transition gas. It is because it is the least
polluting of all of the fossil fuels that we’ve got. However on the identical
time, methane emissions need to be managed very rigorously
as a result of, not like oil and in contrast to coal to an extent, pure fuel
itself is a really potent greenhouse fuel,” he elaborated.
On the identical time, Azerbaijan, famend for its power corridors,
is shifting focus to inexperienced corridors, Soltanov identified. He
highlighted the EU-backed Inexperienced Power Hall initiative, aiming
to export offshore wind-generated electrical energy to Europe by way of
Georgia, the Black Sea, Romania, and Hungary.
“A three way partnership is imminent, with preliminary feasibility
assessments exhibiting sturdy prospects and attracting overseas
funding,” Soltanov reveals. Regional cooperation features a
pioneering trans-Caspian cable undertaking with Azerbaijan, Kazakhstan,
and Uzbekistan, leveraging Central Asian renewable assets to
meet European electrical energy demand. The initiative guarantees enhanced
power safety and sustainable improvement.
Trying forward, Soltanov expressed optimism about COP29’s
outcomes, emphasizing measurable motion on lowering greenhouse fuel
emissions as the last word metric of success. He pointed to
Azerbaijan’s historic function in regional stability and power
safety as a testomony to its world local weather management.
“With COP29 persevering with by means of 2025 and culminating within the
Azerbaijan-hosted convention in November, our purpose is obvious:
tangible reductions in emissions that profit each Azerbaijan and
the world,” Soltanov concluded, assured in Azerbaijan’s capacity
to ship impactful local weather options on the worldwide stage.
View the complete interview beneath.
[ad_2]
Source link
