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Azerbaijan set for major fossil gas expansion

by admineconai October 25, 2024
written by admineconai October 25, 2024
322

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.

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