“Climate action is no longer only an environmental issue; it has become an important part of the business agenda,” UN Resident Coordinator in Azerbaijan Dmytro Shlapachenko said at a roundtable held in Baku as part of the Fourth Climate Week of the United Nations Framework Convention on Climate Change, hosted by the Republic of Azerbaijan and organized by the Ministry of Foreign Affairs, APA reports.
He noted that the transition to a low-carbon and climate-resilient economy is reshaping markets around the world:
“This affects investment decisions, supply chains and consumer demand. Companies that take early action on climate are better positioned to attract capital, increase efficiency, manage risks, enter new markets and strengthen their long-term competitiveness.
For Azerbaijan, the green transformation creates significant opportunities, and achieving the country’s goals related to economic diversification, green growth and sustainable development requires strong partnership with the private sector. The required scale and speed cannot be achieved through governments alone. Business has an important role in investment, innovation, responsible operations, job creation and the transformation of value chains.”
He pointed out that green energy is becoming increasingly economically efficient.
The UN official said that cooperation with the private sector will be expanded within the framework of Azerbaijan’s new UN Sustainable Development Cooperation Framework for 2026–2030: “The UN Global Compact Country Network operates in Azerbaijan, bringing together 62 participating companies, and it is planned to attract more business leaders to this platform at the next stage. The question is no longer whether climate action and competitiveness are compatible. Increasingly, they are becoming the same concept.”
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