(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 28. Azerbaijan's
upcoming climate action will help reduce glacier melting in the
mountainous regions by 50 percent, President of the Asian
Development bank (ADB) Masatsugu Asakawa said during a meeting with
ADA University students in Baku today, Trend reports.
"I'm very concerned about the threats posed by climate change.
The thawing of ice as a result of global warming is becoming a
significant issue for the inhabitants of the mountainous regions of
Azerbaijan. The Caspian Sea is being impacted by the draining of
rivers. Issues with potable water may eventually arise.
Thus, Azerbaijan is experiencing a serious problem regarding
water resources. Due to this problem, vulnerable populations may
suffer more, as disruptions in water supply can occur. Threats to
agriculture and food security may also appear," noted the ADB
president.
In addition, he stressed the significance of working together to
solve environmental problems.
"Some people may consider global warming a distant threat, but
this is not the case. Global warming is already sending alarming
signals. Azerbaijan is also facing climate change threats, and
solving climate issues is at the forefront of Azerbaijan's
leadership," emphasized the ADB president.
He mentioned that Azerbaijan is ready to take serious steps
toward reducing greenhouse gas emissions.
According to him, the goal is to achieve 30 percent of
Azerbaijan's energy balance from renewable energy sources in the
next five years.
"ADB will support Azerbaijan's projects to increase the share of
renewables in the energy balance. I visited the first Masdar solar
power plant in the Garadagh district, for which ADB provided a
loan. I consider it important to create more solar and wind power
plants in Azerbaijan. ADB is also determined to cooperate with
Azerbaijan," said Asakawa.
He also pointed out the importance of attracting private capital
to renewable energy projects and advocated for the development of
the private sector in Azerbaijan as a key segment of economic
development.
He claims that there are now hazards associated with complicated
global operations including greater migration, supply chain
disruption, pricing increases, and inflation.
"Proper management of economies, increased financial resilience,
and joint actions against existing global problems, including
climate issues, are necessary," added the ADB president.
MENAFN28062024000187011040ID1108385335
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.