Azerbaijan's Huseynov warns of a $1.4 trillion annual climate change financial shortfall by 2030, urging private sector involvement and increased sustainability reporting.
Azerbaijan's Huseyn Huseynov, head of the Secretariat of the National Coordinating Council for Sustainable Development, warns of a $1.4 trillion annual financial shortfall by 2030 due to climate change, with estimates of a $1 trillion annual gap from 2020-2025. Huseynov believes the private sector must be involved in addressing this issue, noting a significant increase in Azerbaijani private construction companies producing sustainability reports. These reports not only enhance transparency but also aid foreign firms in collaborating with local businesses.
July 30, 2024
4 Articles