As part of COP29, Minister of Economy Mikail Jabbarov held a meeting with the Deputy Prime Minister, Minister of Environment of Slovakia Tomas Taraba.
As Day.Az reports with reference to the Ministry of Economy of Azerbaijan, it was noted at the meeting that mutual economic ties are successfully developing and there is great potential for expanding cooperation.
“The importance of continuing joint activities in order to strengthen economic ties, including the growth of trade turnover, was emphasized. Issues included in the agenda of the Joint Working Group on Economic Cooperation between Azerbaijan and Slovakia were discussed.
An exchange of views took place on expanding partnerships in the areas of trade, investment, energy, renewable energy sources, as well as the exchange of technologies and experience in the field of energy transition and green energy. It was noted that the realization of the potential for cooperation promises broad prospects for the economic development of our countries,” the department said in a statement.
Let us recall that on November 11, the opening of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) took place. COP29, which takes place at the Baku Olympic Stadium, will continue until November 22. This is the largest event organized by Azerbaijan to date and the first time in the region that it is being held in Azerbaijan.
A key expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) for climate finance.
The COP29 Presidency launched 14 initiatives.
What are the main benefits of international collaboration in renewable energy projects?
Interview between Time.news Editor and Renewable Energy Expert
Editor: Welcome to Time.news! Today, we’re thrilled to have with us Dr. Elena Novak, a renowned expert in renewable energy policy. Dr. Novak, thank you for joining us.
Dr. Novak: Thank you for having me! It’s a pleasure to be here.
Editor: Let’s dive into the recent developments at COP29, where Azerbaijan and Slovakia discussed expanding their cooperation in the field of renewable energy. What do you think are the key takeaways from Minister Mikail Jabbarov’s meeting with Slovakia’s Deputy Prime Minister Tomas Taraba?
Dr. Novak: This meeting is a significant step towards strengthening bilateral relations in the renewable energy sector. Both countries recognize the urgent need to transition to sustainable energy sources to combat climate change. Collaborating on renewable projects can lead to innovative solutions and shared benefits in terms of technology and investment.
Editor: Absolutely! What specific areas of collaboration do you see as most promising based on what you know?
Dr. Novak: There are several promising areas. Slovakia has made advances in solar and wind energy, while Azerbaijan has vast potential in hydropower and solar energy due to its climate and geographical advantages. Joint projects could enhance energy security in both nations and provide a model for regional cooperation in Central and Eastern Europe.
Editor: That sounds encouraging! How do you think the outcome of this meeting will impact broader European energy goals, especially in light of the ongoing shifts in energy policies?
Dr. Novak: This collaboration aligns perfectly with the European Union’s goals to achieve climate neutrality by 2050. By fostering partnerships like this, countries can share best practices and technologies, helping to accelerate the transition to renewable energy. It also sends a clear message that even non-EU countries like Azerbaijan are serious about their commitments to sustainability.
Editor: Indeed, it’s inspiring to see such enthusiasm for renewable cooperation. In your opinion, what challenges might arise from this partnership, and how can they be addressed?
Dr. Novak: Challenges include varying regulatory frameworks, financing, and technology transfer issues. It’s essential for both countries to establish clear agreements and frameworks that facilitate cooperation. Moreover, engaging local communities and stakeholders early in the process can help mitigate resistance and build public support.
Editor: Great insights, Dr. Novak. what is one key message you would like to leave our readers with regarding the future of renewable energy cooperation in Central and Eastern Europe?
Dr. Novak: My key message is that collaboration is the cornerstone of effective action against climate change. By working together, countries like Azerbaijan and Slovakia can not only achieve their renewable energy goals but also contribute to a more sustainable future for the entire region. Let’s hope this meeting at COP29 is just the beginning of a fruitful partnership!
Editor: Thank you so much for your time, Dr. Novak! It has been enlightening to hear your thoughts on this important issue. We look forward to seeing how this collaboration develops in the coming years.
Dr. Novak: Thank you! It’s been a pleasure discussing this crucial topic with you.