(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 9. U.S. companies areinterested in participation in COP29 to be held in Azerbaijan inNovember this year, U.S. Ambassador to Azerbaijan Mark Libby said,as he toured the Baker Hughes facilities and met with the CountryRepresentative, Zaur Allahverdizade and the management team, Trendreports via the embassy.
“Baker Hughes, a U.S. company and major supplier of oil and gasequipment and services, employs over 300 people in Azerbaijan andcollaborates closely with SOCAR Upstream. The Ambassador heardabout Baker Hughes' green energy initiatives and diversity andinclusion policy. He noted the importance of a regulatory frameworkfor green energy and highlighted U.S. companies' interest inAzerbaijan's renewable energy sector, including their participationin COP29,” reads a message from the embassy.
Azerbaijan will host the 29th session of the Conference of theParties to the UN Framework Convention on Climate Change (COP29) inNovember this year. The decision was made at the plenary meeting ofCOP28 held in Dubai on December 11 last year. Within two weeks,Baku, having become the center of the world, will host about70,000–80,000 foreign guests.
The UN Framework Convention on Climate Change is an agreementsigned at the Rio Earth Summit in June 1992 to prevent dangeroushuman interference in the climate system. The acronym COP(Conference of Parties) stands for Conference of Parties, which isthe highest legislative body overseeing the implementation of theFramework Convention on Climate Change.
The parties to the convention are 198 countries. Unless theparties have decided otherwise, COP is held annually. The first COPevent was held in March 1995 in Germany's Berlin, and itssecretariat is located in Bonn.
Follow the author on X: @Lyaman_Zeyn
MENAFN10052024000187011040ID1108196733
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.