Azerbaijan

November 18, 2024 11:01 AM

G20 talks in Rio reach breakthrough on climate finance, sources say

Diplomatic tensions over global warming spilled over into the G20 summit negotiations in Brazil this week, with sources saying the 20 major economies reached a fragile consensus on climate finance that had eluded U.N. talks in Azerbaijan. Heads of state arrived in Rio de Janeiro on Sunday for the G20 summit and will spend Monday and Tuesday addressing issues from poverty and hunger to the reform of global institutions. The talks must now also grapple with how to address escalating violence in U...

November 18, 2024 6:36 PM

Carbon Capture Technologies in West asia

As COP29 unfolds in Baku, Azerbaijan, the global spotlight is firmly on nations’ efforts to tackle the escalating climate crisis. Following the successful COP28 summit in Dubai, West Asia has emerged as an unlikely leader in carbon capture technology, signaling a transformation from a region known primarily for oil production to one pioneering innovative climate solutions. UAE’s Bold Commitment and Action The United Arab Emirates (UAE), host of COP28 in 2023, has set an ambitious target of...

November 13, 2024 11:03 AM

Nepal addresses COP29; meets Maldivian counterpart to join hands in climate negotiations

President of Nepal Ramchandra Paudel addressed the 'World Leaders Climate Action Summit' on Tuesday. The conference, which began on November 11, will continue until November 22. In his statement, he highlighted issues such as climate justice and climate finance, including reparations for loss and damage to vulnerable nations. President Paudel arrived in Baku, the capital of Azerbaijan, on Monday, leading a Nepali delegation to the 29th Conference of the Parties (COP29) of the United Nations Fra...

November 9, 2024 5:02 PM

COP29: What is a carbon credit? What is Article 6?

Countries at the U.N. COP29 climate summit in Azerbaijan will attempt to agree rules for a global system for trading carbon offset credits. Here's what you should know: WHAT ARE CARBON OFFSETS? Some governments and companies may struggle to reduce their planet-warming greenhouse gas emissions to meet their climate targets. Supporters of carbon offsets see them as a key means to help meet these goals. These offsets allow one nation or company to offset some of their emissions by paying for ac...

October 7, 2024 10:13 PM

Armenia hopes to sign peace articles with Azerbaijan within a month, president says

Armenia hopes to sign provisions of a peace deal with Azerbaijan in the next four weeks, a step that could ease tensions in the conflict-ridden South Caucasus, even as Baku has signalled that the process is stalled. The two countries have been engaged in peace talks for the past year, since Azerbaijan in September 2023 retook the former breakaway region of Nagorno-Karabakh after 30 years of de facto independence, prompting almost its entire ethnic Armenian population of around 100,000 to flee t...

May 4, 2024 2:24 PM

US lawmaker Cuellar hit with bribery charges tied to Azerbaijan, Mexican bank

U.S. Representative Henry Cuellar and his wife were indicted for allegedly accepting close to $600,000 in bribes in two schemes meant to benefit an Azerbaijani state-owned energy company and an unnamed bank based in Mexico, court papers showed. The federal indictment, returned by a grand jury in Texas on Tuesday and unsealed on Friday, said the bribes were laundered through sham consulting contracts into shell companies owned by Imelda Cuellar, the Democratic congressman's wife, from December 2...