COP29-OPEC High-Level Energy Dialogue

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The COP29 Presidency and OPEC today held a High-Level Dialogue at the OPEC headquarters in Vienna, ahead of the climate change conference COP29 which will be held in Baku, Azerbaijan from 11 to 22 November 2024.

The Dialogue – which was co-chaired by H.E. Mr. Mukhtar Babayev, Minister for Ecology and Natural Resources of Azerbaijan and COP29 President-Designate and H.E. Haitham Al Ghais, OPEC Secretary General – brought together high-ranking officials from OPEC and non-OPEC countries participating in the Charter of Cooperation (CoC) and provided a unique opportunity for both sides to engage in a constructive and inclusive dialogue.

In his welcoming remarks, H.E. Al Ghais showed OPEC’s full support to Azerbaijan in order to ensure a successful outcome at COP29 in Baku. Furthermore, H.E. Al Ghais stated that “at OPEC, we believe there is ‘no one-size-fits-all’ solution to the climate challenge and moving forward, diverse pathways are needed”.

H.E. Al Ghais highlighted the telling significance that three successive COPs take place in countries participating in CoC, namely COP28 in Dubai-UAE, COP29 in Baku-Azerbaijan, and COP30 in Belém-Brazil.

“This is an indication that oil producers and the industry must be part of the solutions to the climate challenge”, H.E. the Secretary General added.

During the dialogue, H.E. Mr. Babayev, COP29 President-Designate said that “Azerbaijan, like other countries rich in natural resources, should be at the forefront of addressing climate change.

I am grateful for OPEC’s support for the COP29 Presidency’s plan to enhance ambition and enable action and for the opportunity to include all parties as we build fair and shared solutions. Success will require action from everyone, so we are intensifying our political engagements as we seek to go further and faster to invest today to save tomorrow.”

 

Source: OPEC