Four nations launch Green Energy Corridor project to boost renewables and meet COP29 goals.

Four countries—Azerbaijan, Georgia, Romania, and Hungary—are partnering on the Green Energy Corridor project to promote sustainable development, aligning with COP29 goals. Azerbaijan aims to increase renewables to 35.5% by 2030 and contribute 5 GW to Europe via new corridors. Georgia highlights the project's importance for regional energy independence and economic growth. Romania plans to add 10,000 MW of solar and wind power in the next few years. The project includes a feasibility study for a Black Sea submarine cable to deliver green energy to Europe. COP29, ongoing in Baku, seeks a fair New Collective Quantitative Goal on climate finance.

November 12, 2024
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