This site uses cookies - read more here. By continuing to use our website without changing the settings, you are agreeing to our use of cookies.

SOCAR and UNDP to develop cooperation in environmental protection

07/03/2018 14:57 CO2

news

Azerbaijan’s state oil firm SOCAR and the United Nations Development Program (UNDP) inked a protocol on environmental protection in Baku.

The signatories of the legal act are: Head of SOCAR Rovnag Abdullayev and UN Resident Coordinator in Azerbaijan Ghulam Isaczai.


The agreement was signed to continue collaboration in ecology sector between SOCAR and the UN within the NAMA program, being implemented since 2015 and encompassing problems related to carbon emissions reduction.


SOCAR is implementing the NAMA project alongside the Global Environment Facility and UNDP in three directions, which include a development of energy efficiency in buildings, shift to green fuel and the accumulation of associated gas in oil wells. The project will be finalized in 2020.

Daily (03.03.2021): Oil prices tumbled to two-week lows on Tuesday amid expectations that OPEC will boost output

03/03/2021 10:37:00

Crude oil prices remained on the back-foot for the fourth consecutive day on Tuesday amid expectations that OPEC+ producers will ease supply curbs at their meeting later this week as the global oil demand shows signs of recovery from the coronavirus pandemic. Hence, Brent crude dropped by 99 cents, or 1.6%, to settle at $62.70 a barrel, its lowest close since Feb. 12. U.S. WTI crude fell by 89 cents, or 1.5%, to $59.75, its lowest settlement since Feb. 19.

<READ MORE

Brussels opens in-depth investigation into Germany’s coal phase-out plan

03/03/2021 09:10:00

The German Bundestag sealed an agreement in June last year to compensate RWE and LEAG with €4.35 billion for closing the country’s last remaining coal plants and mining operations by 2038.

READ MORE

Global CO2 emissions rising again after nearly 6% fall last year

03/03/2021 09:07:00

Global carbon dioxide emissions dropped by 5.8% in 2020 as the COVID-19 pandemic slowed economic activity, but they rebounded at the end of the year and are on course to rise further, the International Energy Agency said on Tuesday.

READ MORE