Head Executive Director of COP29: Private sector does not support green methods because they are expensive

Elnur Soltanov Head Executive Director of COP29 and Deputy Minister of Energy of Azerbaijan

© APA | Elnur Soltanov Head Executive Director of COP29 and Deputy Minister of Energy of Azerbaijan

# 17 May 2024 12:23 (UTC +04:00)

“COP 29 is not an event, it is a process, and that process has already begun,” Elnur Soltanov Head Executive Director of COP29 and Deputy Minister of Energy of Azerbaijan at conference titled "Raising Ambition, Delivering Action: COP29 Sustainable Business Forum" held in Baku, APA-Economics reports.

“Green methods are more expensive and fossil fuels are cheaper. The private sector does not want to contribute to this system because it is more expensive. Western countries regulate this issue with administrative methods,” – E. Soltanov added.

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