BAKU, Azerbaijan, January 16. Ensuring
financing mechanisms at COP29 is extraordinarily essential, stated
Azerbaijani Economy Minister Mikayil Jabbarov throughout a panel
dialogue on the World Economic Forum in Davos, Trend reviews.
“Given its complexity, COP28 was a powerful success. The
deliverable outcomes embody an emphasis on bettering power
effectivity, growing the quantity of renewables, and transitioning
away from fossil fuels. Given all of this, it may be deemed a
success. It was made possible by arduous labor,” stated the
He famous that because the host of COP29, Azerbaijan additionally understands
that there’s a sure bar of expectations.
“This is a duty to proceed the method in the same
profitable approach. The most important factor is making certain the financing
mechanisms. This is extraordinarily essential,” added Jabbarov.
The resolution to host COP29 in Azerbaijan was formally
introduced in Dubai on December 11, 2023.
Besides Azerbaijan, each Armenia and Bulgaria nominated their
candidatures. However, after direct negotiations between the Office
of the President of the Republic of Azerbaijan and the Office of
the Prime Minister of Armenia on December 7, 2023, Armenia determined
to withdraw its candidacy in favor of Azerbaijan. Bulgaria adopted
swimsuit and likewise withdrew its candidacy.
On January 4, 2024, Mukhtar Babayev, Minister of Ecology and
Natural Resources of Azerbaijan, was appointed as President of