COP29 climate summit host Azerbaijan defends oil and gas investments

Azerbaijan, host of this year’s UN climate summit, will defend the right of oil and gas producing nations to invest in the sector, the country’s president said on Friday, noting that despite climate targets, fossil fuel demand remains strong.

As the host of the United Nations COP29 climate summit in November, Azerbaijan will oversee negotiations among nearly 200 countries on how to raise more finance to combat climate change and reduce the greenhouse gas emissions heating the planet.

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