Azerbaijan Positioned To Optimize Its Renewable Energy Export Potential - Irish Minister
Date
11/13/2024 7:16:39 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 13. Azerbaijan can
successfully balance exports of renewable energy, Ireland's
Minister for the Environment, Climate, Communications, and
Transport Eamon Ryan told reporters during COP29 in Baku, Trend reports.
"Azerbaijan's technical potential for renewable energy is 135
gigawatts on land and 157 gigawatts at sea. I'm very pleased that
Azerbaijan recognizes the scale of renewable energy and is eager to
develop it. Developing renewable energy means peace for the world.
Azerbaijan has the capacity to balance renewable energy exports,"
Ryan added.
To note, the 29th session of the Conference of the Parties to
the United Nations Framework Convention on Climate Change (COP29)
started in Baku on November 11. The United Nations Framework
Convention on Climate Change is an agreement signed at the Earth
Summit in Rio de Janeiro in June 1992 to prevent dangerous human
interference in the climate system.
The acronym COP (Conference of Parties) stands for“Conference
of Parties” and is the highest legislative body overseeing the
implementation of the Framework Convention on Climate Change.
A total of 198 countries are parties to the Convention. Unless
the parties decide otherwise, the COP is held annually. The first
COP event took place in March 1995 in Berlin, and its secretariat
is located in Bonn.
The main expectation from COP29 is to agree on a fair and
ambitious New Collective Quantitative Goal (NCQG) on climate
finance. The COP29 chairmanship has launched 14 initiatives that
include linkages between climate action and the Sustainable
Development Goals, including green energy corridors, green energy
storage, harmony for climate resilience, clean hydrogen, methane
reduction in organic waste, action on green digital technologies,
and other topics.
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