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Baku COP29 forum will navigate a contentious energy transition path
Currently, renewable energy accounts for about 17 percent of global total final energy consumption, with renewables accounting for about 40 percent in power generation sector.
Baku, the capital of Azerbaijan and venue for COP29 in November, is among the oldest commercial oil production locations in the world, going back to early last century.
The chairperson of COP29 is a former executive of Azerbaijan state oil company. This mirrors COP28 organisation in UAE last year, confirming increasing oil producers influence in global climate agenda stewardship.
