Top Posts
Study shows climate change could make ‘droughts’ for...
Pakistan demands collective response in climate change fight
AfDB sets aside $40m to drive AGIA green...
Report: African cities move to address carbon-neutral development
Niger govt bans tree cutting, establishes agency to...
HEDA asks senate to hold IOCs accountable for...
FG issues flood alert for in 29 states,...
Lagos State Govt reassures residents over flash floods
NGO empowers women on climate resilience in Kaduna
Brazil launches COP30 accommodation platform after pressure from...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Azerbaijan set for major fossil gas expansion

by admineconai October 25, 2024
written by admineconai October 25, 2024
405

A new report has revealed that Azerbaijan, which will host the Cop29 global climate summit, will see a large expansion of fossil gas production in the next decade.

The authors said that the crucial negotiations should not be overseen by “those with a vested interest in keeping the world hooked on fossil fuels”.

Azerbaijan’s state-owned oil and gas company, Socar, and its partners are set to raise the country’s annual gas production from 37bn cubic metres (bcm) today to 49bcm by 2033. Socar also recently agreed to increase gas exports to the European Union by 17% by 2026.

The Cop29 summit, starting on 11 November, comes as scientists say that continued record carbon dioxide emissions means “the future of humanity hangs in the balance”. The International Energy Agency said in 2021 that no new fossil fuel exploitation should take place if CO2 emissions were to fall to zero by 2050.

But in 2023 Socar pushed 97% of its capital expenditure into oil and gas projects, the report found. The company launched a “green energy division” a few weeks after Azerbaijan was appointed as Cop29 host, promising investments in wind, solar and carbon capture technologies. But according to the report, Socar’s renewable operations remain insignificant.

Read also: UN says time for climate delays has run out

Azerbaijan’s climate action plan was rated “critically insufficient” by Climate Action Tracker (CAT) in September. “Azerbaijan is among a tiny group of countries that has weakened its climate target [and] the country is doubling down on fossil fuel extraction,” said the CAT analysts.

Azerbaijan and Socar had also been accused of human rights violations, the report said. The authors said defeating the climate crisis required civil society to have freedom of speech and protected human rights.

“Given Socar’s pivotal role in Azerbaijan’s economy and its close ties to the country’s political elite, its influence will surely be felt throughout the climate negotiations in Baku,” said Regine Richter at the German NGO Urgewald, lead author of the report. “As we prepare for Cop29, we cannot but ask ourselves: did we put the fox in charge of the henhouse?”

Azerbaijan’s president, Ilham Aliyev, told a climate conference in April: “Having oil and gas deposits is not our fault. It’s a gift from God.” Aliyez appoints Socar’s management board and was vice-president of Socar until he succeeded his father as the country’s president in 2003.

Azerbaijan’s ecology and natural resources minister, Mukhtar Babayev, will run Cop29. He previously worked for Socar for 26 years until 2018. Rovshan Najaf, the president of Socar, is part of the Cop29 organising committee.

Story was adapted from the Guardian.

AzerbaijanCop29ExplosionGas
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
UN says time for climate delays has run out
next post
Despite possible harm to endangered wildflower, Nevada lithium mine approved

Related Posts

Study shows climate change could make ‘droughts’ for...

August 18, 2025

Pakistan demands collective response in climate change fight

August 18, 2025

Brazil launches COP30 accommodation platform after pressure from...

August 7, 2025

Pakistan’s deadly floods worsened by global warming: study

August 7, 2025

Putin decree allows Russia to increase greenhouse gas...

August 7, 2025

New study shows climate change cancelling major events

August 4, 2025

ICJ says countries to be held accountable for...

August 4, 2025

Report shows PR firm working for Shell wins...

July 30, 2025

Study shows climate change could make ‘droughts’ for...

July 30, 2025

UN agency says deadly floods show need for...

July 22, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World