(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 26. The year 2024presents prospects for further increasing initiatives in the sphereof transition to a green economy in Azerbaijan, Deputy EconomyMinister Elnur Aliyev said during a conference on the new period ofAzerbaijan's socio-economic development, Trend reports.
“This year, Azerbaijan will host such a prestigiousinternational event as COP29. At the same time, 2024 has beendeclared by the President of the country as the“Year of Solidarityfor a Green World”. Previous experience also shows that thesuccessful realization of such a large-scale event as COP requiresthe active participation of all members of society, especiallyentrepreneurs. The year 2024 creates opportunities to furtherincrease initiatives in the field of green economy transition. Thisis important in terms of the image of our country, increasing thecompetitiveness of entrepreneurial activity and improving itfollowing the requirements of the modern era,” he said.
To note, this November, Azerbaijan will host COP29. Thisdecision was made at the COP28 plenary meeting held in Dubai onDecember 11 last year. Baku will become the center of the world andwill receive about 70–80,000 foreign guests.
The United Nations Framework Convention on Climate Change is anagreement signed at the Earth Summit in Rio de Janeiro in June 1992to prevent dangerous human interference with the climate system Conference of the Parties-is the highest legislative bodyoverseeing the implementation of the Framework Convention onClimate Change. 198 countries are parties to the Convention. Unlessthe parties agree otherwise, the COP is held annually. The firstCOP event took place in March 1995 in Berlin, and its secretariatis located in Bonn.
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