Azerbaijan showcased its green transition plan at the Copenhagen Ministerial, targeting 30% renewable energy by 2030. The country also secured a $300 billion climate finance pledge and helped finalize a key carbon market agreement, highlighting its growing role in global climate action.
Azerbaijan presented its green transition roadmap at the Copenhagen Ministerial, continuing its journey toward a sustainable future with a commitment to generating 30% of its energy from renewables by 2030. The country's plans include investing in offshore wind energy in the Caspian Sea, creating green zones in Eastern Zangazur and Karabakh, and establishing new energy corridors to Europe. These efforts are part of Azerbaijan's broader strategy to strengthen regional clean energy cooperation, particularly with neighboring countries like Kazakhstan and Uzbekistan.
In addition to its green transition plans, Azerbaijan made significant strides in climate finance, with COP29 President Mukhtar Babayev confirming that donor countries agreed to contribute at least $300 billion from public sources to support global climate goals. This historic pledge, finalized during preparatory negotiations, is a major milestone for international climate action.
Azerbaijan also played a pivotal role in the breakthrough on Article 6 of the Paris Agreement, which addresses carbon trading between countries. After a decade of stalled discussions, the country helped unlock a deal on market-based cooperation mechanisms, marking a significant achievement in global carbon market development.
Through these efforts, Azerbaijan is cementing its position as a key player in global climate leadership and driving progress towards a more sustainable and resilient future.
Orkhan Nazarli, Head of Azerbaijan’s State Tax Service under the Ministry of Economy, held separate meetings with senior tax officials from Latvia and Montenegro during the 29th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) in Baku.
The OIC's 51st ministerial session convenes in Istanbul to tackle pressing global and regional issues.
Japan has reportedly cancelled a planned high-level security meeting with the United States after Washington pressed Tokyo to increase its defense spending, according to the Financial Times.
Israel announced on Saturday that it had killed senior Iranian commander Saeed Izadi, head of the Palestine Corps of Iran’s Quds Force, in a targeted strike in Qom. Izadi was accused of supporting Hamas before its October 2023 attack on Israel.
President Volodymyr Zelenskyy announced that Ukraine is accelerating the development and production of interceptor drones to defend against the growing number of Iranian-made Shahed drones used by Russia in recent attacks.
Gazprom has signed new agreements with its Chinese partners to support the launch and operation of the cross-border section of the Far Eastern gas export pipeline to China.
Orkhan Nazarli, Head of Azerbaijan’s State Tax Service under the Ministry of Economy, held separate meetings with senior tax officials from Latvia and Montenegro during the 29th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) in Baku.
The OIC's 51st ministerial session convenes in Istanbul to tackle pressing global and regional issues.
France has announced a €1.35 billion ($1.55 billion) investment in the debt-laden satellite company Eutelsat, becoming the company's largest shareholder. As the French finance ministry said, the move is intended to strengthen Europe’s leading satellite to compete with Elon Musk’s Starlink.
Japan has reportedly cancelled a planned high-level security meeting with the United States after Washington pressed Tokyo to increase its defense spending, according to the Financial Times.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
A 32°C heatwave expected to grip England has been made a 100 times more likely by human-caused climate change, according to a rapid scientific analysis released Thursday.
In 19 EU countries, the share of renewable energy sources in net electricity generation decreased in the first quarter of 2025 compared with the first quarter of 2024. The largest drops were recorded in Greece (-12.4%), Lithuania (-12.0%) and Slovakia (-10.6%).
The first side event of the Global South NGO Platform, initiated by Azerbaijan, was held in Bonn, Germany this week.
Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand. The project is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million metric tonnes of emissions per year.
UK Chancellor of the Exchequer, the Rt Hon Rachel Reeves, has announced a record £2.5 billion in additional funding this week to advance the development of the world’s first fusion power plant.
Gazprom has signed new agreements with its Chinese partners to support the launch and operation of the cross-border section of the Far Eastern gas export pipeline to China.
Orkhan Nazarli, Head of Azerbaijan’s State Tax Service under the Ministry of Economy, held separate meetings with senior tax officials from Latvia and Montenegro during the 29th General Assembly of the Intra-European Organization of Tax Administrations (IOTA) in Baku.
The OIC's 51st ministerial session convenes in Istanbul to tackle pressing global and regional issues.
France has announced a €1.35 billion ($1.55 billion) investment in the debt-laden satellite company Eutelsat, becoming the company's largest shareholder. As the French finance ministry said, the move is intended to strengthen Europe’s leading satellite to compete with Elon Musk’s Starlink.
Japan has reportedly cancelled a planned high-level security meeting with the United States after Washington pressed Tokyo to increase its defense spending, according to the Financial Times.
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