Azerbaijan's President Ilham Aliyev has approved an agreement between Azerbaijan, Kazakhstan and Uzbekistan on strategic partnership in the development and transmission of green energy.
The agreement was signed by leaders of the three countries on November 13, 2024, initiating a Caspian Sea electricity transmission cable project. To ensure the efficient implementation of the project, the joint venture "Green Corridor Alliance" was established, with its headquarters in Baku.
The proposed cable will link the energy systems of the three countries, promoting energy security, sustainable and economic growth in the region.
It also aims to establish a "green corridor" for the transmission of renewable energy from the Caspian region to Europe via another high-voltage submarine cable -the Black Sea Cable - connecting the South Caucasus region with the European Union.
The two power transmission cables are part of a broader strategy to connect the Caucasus region with continental Europe.
The European Bank for Reconstruction and Development (EBRD) is expected to play a crucial role in this initiative, providing policy guidance and investments in renewable energy.
The project’s initial budget exceeds $2 billion, and preliminary timelines suggest commissioning by 2029, said Aida Sitdikova, the EBRD’s Director of Energy, Eurasia, Middle East and Africa, Sustainable Infrastructure Group, said in an interview with The Astana Times.
The two projects could create a transformative green energy corridor, harnessing Central Asia’s abundant wind and solar resources for export to Europe—diversifying energy supplies and supporting the continent’s decarbonization efforts, she said underlining that economic feasibility remains critical for the project’s success.
"Renewable energy from Kazakhstan, Uzbekistan, Azerbaijan, and Georgia must be offered at competitive prices for European consumers. Europe has alternative sources, such as North Africa and the Middle East, so the cost-competitiveness of both generation and transmission will be the key determining factor," EBRD expert noted.
Europol has warned that organised crime gangs are increasingly leveraging artificial intelligence to scale up scams and payment systems, making their operations more global, cost-efficient, and difficult to detect.
Azerbaijan on Tuesday reported cross-border fire targeting its military positions from Armenia for the third day in a row.
On March 16, at around 09:45, Armenian armed forces opened fire on Azerbaijani positions located in the direction of the Digh settlement in the Goris region, using firearms, according to Azerbaijan's Ministry of Defence.
Azerbaijan has officially joined the D-8 Organization for Economic Cooperation following President Ilham Aliyev’s approval. The move, backed by D-8 leaders at the Cairo Summit, strengthens Azerbaijan’s global economic ties and aligns with the bloc’s mission.
The UN Human Rights Council's Working Group on Arbitrary Detention has dismissed Armenia’s claims regarding the detention of Ruben Vardanyan. The group confirmed that his detention by Azerbaijan is based on serious criminal charges, not political motives.
Russia and Ukraine accused each other of new infrastructure attacks, despite a 30-day ceasefire agreed by President Vladimir Putin. Kyiv reported heavy drone strikes, while Moscow claimed to have intercepted Ukrainian drones. The tensions follow a call between Putin and Donald Trump on the conflict.
Israel’s far-right politician and leader of the Otzma Yehudit party, Itamar Ben-Gvir, is set to return to Benjamin Netanyahu’s government amid an intensification of the war in the Gaza Strip.
Germany plans to release an additional 3 billion euros in military aid for Ukraine, marking a breakthrough after Chancellor Olaf Scholz had previously blocked the funds over borrowing rule concerns.
China has appointed Li Xiaolong as vice minister of the Ministry of Housing and the Human Resources Ministry, tasked with overseeing key policies in housing and workforce management.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Zara owner Inditex reported a 10% rise in transport emissions in 2024, driven by increased air freight to avoid shipping delays caused by Red Sea disruptions. While the retailer made progress in reducing sourcing-related emissions, it faces challenges in meeting its long-term climate targets.
Ireland has committed €15 million ($16.3 million) to Brazil's Amazon Fund over the next three years, aiming to support efforts to combat deforestation in the world's largest tropical rainforest.
The world’s leading banking climate coalition is reassessing its membership rules following the departure of major banks and slower-than-expected progress on climate goals, its chair told Reuters.
A WaterAid study finds major cities swinging between droughts and floods as climate change disrupts water cycles. Asia faces more floods, while Europe and the Middle East dry out. Cities like Hangzhou and Jakarta suffer extreme shifts, urging urgent infrastructure adaptation.
Russia and Ukraine accused each other of new infrastructure attacks, despite a 30-day ceasefire agreed by President Vladimir Putin. Kyiv reported heavy drone strikes, while Moscow claimed to have intercepted Ukrainian drones. The tensions follow a call between Putin and Donald Trump on the conflict.
Israel’s far-right politician and leader of the Otzma Yehudit party, Itamar Ben-Gvir, is set to return to Benjamin Netanyahu’s government amid an intensification of the war in the Gaza Strip.
Germany plans to release an additional 3 billion euros in military aid for Ukraine, marking a breakthrough after Chancellor Olaf Scholz had previously blocked the funds over borrowing rule concerns.
China has appointed Li Xiaolong as vice minister of the Ministry of Housing and the Human Resources Ministry, tasked with overseeing key policies in housing and workforce management.
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