Baku:Azerbaijan played a significant role in advancing inclusive climate processes during its COP29 Presidency, according to Deputy Prime Minister Teymur Musayev. The historic adoption of the Baku Finance Goal laid a crucial groundwork for global climate action, setting the stage for future initiatives.
According to Azerbaijan State News Agency, Azerbaijan collaborated with Brazil to develop the 'Baku to Belém Roadmap to 1.3T,' aiming to increase climate finance to 1.3 trillion US dollars annually by 2035. Additionally, under the COP Presidencies Troika, Azerbaijan, the United Arab Emirates, and Brazil implemented the 'Roadmap to Mission 1.5°C,' while working with Australia, Brazil, and Türkiye on the 'Belém 1.5°C Mission.'
The 13th World Urban Forum in Baku and the UN Climate Week, attended by delegates from over 140 countries, underscored Azerbaijan's commitment to multilateral cooperation on the global climate agenda. In his speech at a COP31 session in Türkiye, Musayev praised Türkiye's presidency for promoting dialogue and consensus.
Domestically, Azerbaijan has expedited its target to reduce greenhouse gas emissions by 40 percent to 2035, 15 years earlier than planned. The country aims for net-zero emissions by 2060, as outlined in its Long-Term Low-Emission Development Strategy. Azerbaijan is also preparing to submit its second Biennial Transparency Report in alignment with the Paris Agreement's transparency requirements.
Azerbaijan's climate policy focuses on energy transition, with renewable energy capacity reaching 2.17 gigawatts, representing 21.5 percent of total electricity generation. Plans are underway to add 6 gigawatts of solar and wind power by 2030. Efforts to reduce methane emissions, enhance industrial energy efficiency, promote eco-friendly transport, and ensure sustainable waste management are ongoing.
Musayev emphasized the urgency of providing developing countries with financial resources and technologies to combat climate change, warning that unfulfilled commitments could weaken trust in multilateral processes. He reiterated the necessity of implementing adopted decisions, particularly the Baku Finance Goal.
Concluding his speech, Musayev highlighted Türkiye's COP31 Presidency as a pivotal opportunity to translate commitments into tangible outcomes, reaffirming Azerbaijan's dedication to collaborate with Türkiye and other parties, building on the Baku and Belém processes.