UNEC Hosts International Forum on “Creating the Highway for Sustainable Finance”
On November 15, the CASI Sustainable Finance Forum, held at the Azerbaijan State University of Economics (UNEC), successfully concluded as part of the COP29 events.
Jointly organized by UNEC and Azerbaijan’s COP29 High-Level Champion for Sustainability, the forum brought together nearly 200 participants from government institutions, financial organizations, and the private sector. Keynote speakers included Ma Jun, Chair of CASI and the Institute for Finance and Sustainability (IFS); Huseyn Hasanov, UNEC Vice-Rector for International Relations and Programs; Erik Solheim, former Executive Director of the United Nations; Shahin Mahmudzade, Executive Director of the Central Bank of Azerbaijan; and David Atkin, CEO of the United Nations Principles for Responsible Investment (UNPRI).
Within the framework of COP29, speakers shared their insights and expertise on topics such as sustainable finance, carbon pricing, and strategies for green financing. Special attention was given to green financing mechanisms that support developing nations in transitioning to sustainable development. The forum emphasized Azerbaijan’s efforts to diversify its economy amidst the risks posed by climate change. Known traditionally as an oil and gas exporter, Azerbaijan has set ambitious targets to reduce greenhouse gas emissions by 40% by 2035 and 70% by 2050. To facilitate this transition, the Central Bank of Azerbaijan is implementing a Sustainable Finance Action Plan for 2022–2025.
The forum also featured extensive discussions on global challenges related to sustainable development, as well as opportunities available at local and regional levels.