CO2 QUOTE Closing from 22-09-2026 86,39 €/T

Azerbaijan, host of COP29, defends gas as “transition energy”

The president of the COP29 UN climate conference, to be held in November in Azerbaijan, told AFP that his country will continue to increase gas production as a “transition energy”, in parallel with investment in renewable alternatives. In an interview in Bonn, Mukhtar Babayev, Azerbaijan’s environment minister, defended his country’s strategy, despite UN Secretary-General Antonio Guterres this week calling for phasing out fossil fuels, the main cause of global warming.

Azerbaijan is the second major hydrocarbon producer to host a climate conference, after COP28 in the United Arab Emirates in 2023.

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