Azerbaijan’s Minister of Economy Meets with EBRD’s Managing Director for Climate Strategy

Baku, The Gulf Observer: Azerbaijan’s Minister of Economy, Mikayil Jabbarov, held a significant meeting with Harry Boyd-Carpenter, the Managing Director for Climate Strategy and Delivery at the European Bank for Reconstruction and Development (EBRD). The meeting, as reported by Azerbaijani media, underscored the fruitful collaboration between Azerbaijan and the EBRD and explored avenues for advancing sustainable development initiatives.

Minister Jabbarov commended the successful partnership between Azerbaijan and the EBRD, emphasizing the nation’s commitment to further strengthening relations with the bank. He highlighted that collaborative projects with the EBRD play a pivotal role in expediting the implementation of advanced practices, modern technologies, and innovations essential for Azerbaijan’s sustainable development.

Furthermore, Minister Jabbarov drew attention to Azerbaijan’s hosting of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) as a crucial catalyst for the development of cooperation with the EBRD in the realm of global climate strategy. The country is keen on leveraging this international event to propel its commitment to sustainable practices and climate resilience.

Members of the EBRD delegation expressed keen interest in sustaining the productive collaboration with Azerbaijan. They affirmed EBRD’s unwavering support for projects geared towards the green energy transition and the increased utilization of renewable energy sources within Azerbaijan.

The meeting delved into discussions about the preparatory process for the upcoming COP29 Conference, which Azerbaijan will host. The parties emphasized the importance of establishing a dialogue with international organizations and implementing effective regulations to ensure energy efficiency.

The gathering between Minister Jabbarov and Harry Boyd-Carpenter reflects the shared commitment of Azerbaijan and the EBRD to foster sustainable development, implement environmentally conscious practices, and strengthen international cooperation in addressing climate challenges. The strategic partnership aims to bring about positive change and propel Azerbaijan towards a more sustainable and resilient economic future.