2nd stage With the completion of the second stage of the construction of the port complex, the total handling capacity of the Port of Baku will increase to 25 million tons of total cargo and up to 500,000 TEU containers.
The development of the Port of Baku includes 2 stages: 1st stage In 2019, the development of the first stage was completed and the total handling capacity of the Port of Baku increased to 15 million tons of general cargo and up to 100,000 TEU containers.
The “action agenda” of global initiatives and pledges that Azerbaijan plans to put forward in Baku in November includes a sixfold increase in battery storage capacity, sweeping expansions to electricity networks and cuts in emissions from methane from organic waste. It also includes a call for action plans for tourism and water.
Waste is only the third most common man-made source of methane, after the energy and agricultural sectors, according to the UN. He steered clear of suggesting that Azerbaijan should reassess the dominant role in its own economy of oil and gas exports, which it has said allows it to help meet Europe’s energy demands.
Eddie Rich, CEO, the International Hydropower Association, and Vice-Chair of GRA commented: “A lack of long duration energy storage has, until now, been the ignored crisis within the current energy crisis. This is the first time world leaders have recognised the need for a mix of renewables, rather than just volume.
The gathering in Baku in November is expected to be the second annual climate summit in a row to take place against a backdrop of war in Gaza and in Ukraine. Babayev said the summit could be the opportunity for a “COP Truce”, from seven days before to seven days after the summit.