Tuesday, April 16, 2024
Tuesday, April 16, 2024
Home » Another Win for Oil States? Azerbaijan Gets Boost in Bid to Host Next Climate Talks

Another Win for Oil States? Azerbaijan Gets Boost in Bid to Host Next Climate Talks

by Misho Zviadadze
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Petrostates could be on a streak for hosting international climate talks.

Oil-rich Azerbaijan got a surprise boost Thursday in its bid to hold next year’s COP29 when Armenia, a country it has warred with on and off for decades, dropped its own aspirations to host the talks — and endorsed its adversary’s candidacy.

The extraordinary turn of events could add to a pattern of oil- and gas-producing nations running the annual talks on how to respond to the Earth’s warming, whose major cause is the burning of fossil fuels. The talks occurring this week are based in the United Arab Emirates, one of the world’s largest oil producers, a year after negotiations in Egypt led to a final text favorable to continued gas production.

Brazil, which has South America’s second-largest oil reserves, is favored to host COP30 in 2025.

Azerbaijan and Armenia — which have fought for control of contested territory since the dissolution of the Soviet Union — issued a joint statement Thursday saying Armenia would support Azerbaijan’s bid to host the climate talks.

The announcement also included promises to exchange service members who had been captured by each country in recent fighting.

The deal could break a diplomatic impasse that threatened to throw the international climate negotiations into chaos as nations deadlocked on where to host COP29.

The annual conference was set to return to Eastern Europe next year. But Russia opposed the bids of every European Union candidate because the bloc has backed Ukraine against Moscow’s invasion. Meanwhile, Azerbaijan and Armenia had vowed to block each other’s proposals due to their own protracted hostilities.

Without naming Russia, the joint statement said the countries “do hope” other Eastern European nations “will also support Azerbaijan’s bid to host.”

Armenia and Azerbaijan “will continue their discussions regarding the implementation of more confidence building measures, effective in the near future and call on the international community to support their efforts that will contribute to building mutual trust between two countries and will positively impact the entire South Caucasus region,” the statement said.

The agreement was first reported by Reuters, which separately reported that Moldova and Serbia are also eyeing the influential COP presidency next year. The State Department and the U.S. embassies of Russia, Moldova and Serbia didn’t immediately respond to requests for comment.

The belated jockeying for COP29 comes at the midway point of this year’s talks in the UAE, whose reluctance to embrace calls to phase out fossil fuels has been a major sticking point in the summit.

It could foreshadow future impasses over energy. The economy of Azerbaijan, which is positioned between Iran and Russia, relies on fossil fuels for about 90 percent of its exports. Moldova and Serbia mainly rely on Moscow for their oil and gas supplies.

Brazil, which is expected to host COP30 in two years, moved last week to join the oil cartel OPEC+. That summit will feature the second round of national climate pledges required under the Paris Agreement.

Source : POLITICO

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