Day: November 19, 2024

Baku: Azerbaijan is taking significant strides toward enhancing its sustainable development goals, focusing on investments in renewable energy and fostering public-private partnerships for sustainable transportation, all while ensuring economic diversification and environmental protection. With the upcoming UN Climate Change Conference (COP29) scheduled to convene in Baku on 11 November 2024, Azerbaijani companies are reaffirming their … Read more

Baku: Climate change and food security are intertwined, as highlighted by Ismahane Elouafi, the Executive Managing Director of the Consortium of International Agricultural Research Centers (CGIAR), during the “Science and Innovation for Low-Emission and Sustainable Food Systems” session at COP29. Elouafi pointed out that agriculture, forestry, and land use account for nearly one-third of global … Read more

Baku: Azerbaijani MP Rauf Gurbanov announced during a parliamentary meeting that the price of AI-95 gasoline, which has been produced domestically in Azerbaijan for several months, will soon be regulated by the state. The announcement was made at a session of the Milli Majlis Committee for Natural Resources, Energy and Ecology. According to Azeri-Press News … Read more

Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has increased in world markets. The price per barrel rose by 1.04 USD or 1.4% to reach 75.18 USD. According to Azeri-Press News Agency, the previous trading session saw Azerbaijani oil priced at 74.14 USD per barrel. This marks a notable increase in the market … Read more

Baku: The funds of the Energy Efficiency Fund will be directed solely towards promoting energy efficiency measures. This decision is reflected in the proposed amendments to the “Law on Efficient Use of Energy Resources and Energy Efficiency.” According to Azeri-Press News Agency, the draft law has been prepared with the aim of improving the formation … Read more

Baku: Electricity production in Azerbaijan has witnessed a significant shift towards green energy sources, despite a slight overall decrease in output. In the first ten months of the current year, Azerbaijan produced 23,847.3 million kWh of electricity, marking a 0.8% reduction compared to the previous year. According to Azeri-Press News Agency, the bulk of electricity … Read more

Baku: As part of the COP29 event held in Baku, the “Caspian Sea and Sustainable Development: Environmental Protection” discussion was organized by the Agency for State Support to Non-Governmental Organizations. The event was attended by representatives of civil society from Caspian littoral countries, environmental experts, and international specialists. The conference included extensive discussions on the … Read more

Baku: Environmental protection spending in Azerbaijan is set to increase more than twofold, as announced by Sadig Gurbanov, the chairman of the parliamentary Committee for Natural Resources, Energy and Ecology, during discussions on the draft state budget for the upcoming year. This announcement was made at a joint meeting involving multiple parliamentary committees, including those … Read more

Karachi: First Deputy Minister of Defense – Chief of the General Staff of the Azerbaijan Army, Colonel General Karim Valiyev, is currently in Pakistan to participate in the 12th International Defence Exhibition and Seminar (IDEAS 2024). According to Azeri-Press News Agency, Colonel General Valiyev, accompanied by a delegation of high-ranking officers from the Azerbaijan Air … Read more