(MENAFN- AzerNews)
Nazrin Abdul
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The 2025 Annual Meeting of the World Economic Forum (WEF),
taking place from January 20 to 24 in Davos-Klosters, Switzerland,
gathered nearly 3,000 leaders from over 130 countries. With the
theme "Partnering for a Smarter Century," the event focused on
tackling urgent global issues such as geopolitical conflicts,
advancements in technology, and the drive for sustainable economic
development. Among the key issues discussed was climate change,
which has become an increasingly critical concern for world leaders
as they navigate an era marked by economic uncertainty, political
conflicts, and global crises, such as food shortages. As a hub for
collaboration, the WEF serves as a vital platform for finding
innovative solutions and forging partnerships that can drive
positive change across multiple sectors, particularly in the fight
against climate change. Through its participation in the World
Economic Forum (WEF) and its leadership role in COP29, Azerbaijan
is actively contributing to the development of innovative solutions
for a more sustainable future.
Mukhtar Babayev's role at the World Economic
Forum
Azerbaijan's Minister of Ecology and former President-designate
for COP29 Mukhtar Babayev's presence at the WEF in Davos was marked
by his active involvement in discussions on climate change and the
green transition. As President of COP29, he shared insights on the
agreements reached during the 29th Conference of the Parties to the
UN Framework Convention on Climate Change (COP29), held in Baku.
One of the key outcomes of COP29 was the establishment of new
carbon market agreements, which Babayev highlighted as creating
significant opportunities for the private sector to contribute to
the global green transition.
In his address at the WEF's“Road to COP30” session, Babayev
emphasized the global significance of COP29's results, calling them
a "great success for the entire world community." He elaborated on
a newly developed program aimed at boosting climate financing,
targeting a contribution of $1.3 trillion. This program is set to
involve the International Bank for Reconstruction and Development
(IBRD), private sector stakeholders, and other international
actors, fostering a collaborative approach to climate action.
Babayev also underscored Azerbaijan's ongoing commitment to
climate goals, noting the nation's plan to work closely with
Brazil's COP30 team in addressing future climate challenges. He
acknowledged the increasing impacts of climate change, which affect
both developed and developing countries, urging greater global
cooperation to mitigate these effects.
Strengthening global partnership
During his time in Davos, Babayev participated in several
bilateral meetings, further reinforcing Azerbaijan's role as a key
player in the global climate dialogue. Notably, he met with Simon
Stiell, Executive Secretary of the UNFCCC, to discuss the outcomes
of COP29 and strategies for implementing the commitments made
during the conference. These discussions are critical for
translating international agreements into tangible, on-the-ground
actions.
Additionally, Babayev held a meeting with Adel bin Ahmed
Al-Jubeir, Minister of State for Foreign Affairs and Climate
Affairs Envoy for Saudi Arabia. Both leaders reflected on the
breakthroughs achieved at COP29 and discussed plans to scale up
renewable energy investments in their respective countries. These
conversations highlight the importance of international
collaboration in addressing climate change and transitioning to
sustainable energy systems.
Another significant meeting took place between Babayev and Fatih
Birol, the Executive Director of the International Energy Agency
(IEA). During this discussion, they reviewed the key milestones
achieved at COP29, particularly in areas such as methane reduction
and energy storage. Babayev also emphasized the importance of
driving greater investment in clean energy transitions, an area
where international cooperation and innovation are crucial.
Azerbaijan's participation in the WEF's Global Future Councils
and Babayev's leadership at COP29 are emblematic of the country's
commitment to addressing climate change and global warming. By
engaging in key discussions, forging strategic partnerships, and
developing actionable programs, Azerbaijan is positioning itself as
a leader in the global green transition. The country's focus on
innovative solutions, climate financing, and international
collaboration reflects its determination to tackle the climate
crisis head-on, ensuring a sustainable future for all.
As the world looks ahead to COP30 in Brazil, the momentum
generated by COP29 and Azerbaijan's continued leadership will be
critical in shaping the global response to climate change. The work
done at the WEF and through international dialogues such as these
will undoubtedly play a significant role in determining the success
of future climate actions.
In conclusion, Azerbaijan's participation in the World Economic
Forum (WEF) 2025 and its leadership at COP29 underscore the
country's strong commitment to tackling climate change on a global
scale. Through proactive engagement in key discussions, strategic
bilateral meetings, and innovative solutions like enhanced climate
financing, Azerbaijan is positioning itself as a pivotal player in
the global green transition.
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