Azerbaijan, the host of 2024’s global climate talks, suggested that continued fossil fuel extraction aligns with the goals of the Paris Agreement. New climate initiativesThe initiatives, which countries are encouraged to sign at the summit, include a range of climate action schemes. Voluntary contributions from fossil fuel-producing countries and companies, with Azerbaijan as a founding contributor will finance the fund. “To be 1.5 degrees Celsius-aligned is the goal,” Soltanov stated, emphasizing the need to differentiate between 1.5C alignment and hydrocarbon views. There is much to do.”COP29 in Baku is set to be a critical event as the world grapples with the balance between fossil fuel use and achieving climate goals.
