Azerbaijan

A fresh draft of a climate pact unveiled on Thursday at COP29 failed to break an impasse over money, with time running out for nations to reach a long-sought trillion-dollar finance agreement.

The U.N. climate summit in Azerbaijan is supposed to conclude today, but the latest draft only underlines divisions as nations return to the negotiating table.

Twenty-five countries at the COP29 climate summit Wednesday pledged not to build any new unabated coal-power plants, in a push to accelerate the phaseout of the highly polluting fossil fuel.

The United Kingdom, Canada, France, Germany and major coal producer Australia were among the list of mainly wealthy developed economies to sign the voluntary pledge in Azerbaijan.

Azerbaijan and Türkiye will take steps to strengthen their cooperation in green energy, the former's energy minister told state-run Anadolu at the U.N. climate change conference COP29 being held in Baku.

Leaders attending the launch of the Global Alliance Against Hunger and Poverty pose for a group photo after the first session of the G20 Leaders' Meeting in Rio de Janeiro, Brazil, on November 18, 2024.

Foreign investment groups expressed their strong interest in Greece's offshore wind farms (OWF) during an event organized by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) in the context of this year's 29th Conference of the Parties (COP29), hosted in Baku, Azerbaijan between November 11 and 22. 

Turkey reportedly denied permission for Israeli President Isaac Herzog's plane to fly through its airspace en route to Baku, the capital of Azerbaijan, for the COP29 climate summit. Herzog did not attend the event.

The decision came amid heightened tensions over Israel's military operations in Gaza and Lebanon.

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could yet be upended by Donald Trump's impending return to the White House.

U.S. President Joe Biden will attend his last summit of the world's leading economies, but as a lame duck whom other leaders are already looking beyond.

Türkiye has denied Israeli President Isaac Herzog's request to use its airspace for his flight to attend the COP29 climate summit in Baku, Azerbaijan's capital.

BELGRADE - Building a large gas power plant with Azerbaijan would ensure a stable electricity source to Serbia, says Jelica Putnikovic, editor-in-chief of the Energija Balkana internet portal.

BAKU - Serbian President Aleksandar Vucic said on Monday in Baku his discussions with Azerbaijani President Ilham Aliyev had addressed cooperation in the energy sector and, in particular, building a gas power plant near Nis as a joint venture with Azerbaijan.