The British Embassy in Baku, the British Requirements
Establishment, the British Chamber of Commerce Azerbaijan and BeZero
Carbon be part of forces to assist Azerbaijan’s Voluntary Carbon Market
(AVCM)
A brand new consciousness elevating programme launched by the British
Embassy in Baku goals to advertise the event of voluntary carbon
buying and selling schemes in Azerbaijan.
2 opens seminars on the Landmark Lodge on 1-2 October 2024 will
collect round 100 organisations and tackle the preliminary capability
growth wants of personal sector organisations looking for to undertake
web zero ideas, monetary intermediaries, emission
verification our bodies, and high quality infrastructure organisations that
underpin the performance and integrity of Azerbaijan’s carbon
markets.
The event of voluntary carbon buying and selling schemes in
Azerbaijan is a chance to draw non-public sector funding,
create jobs, introduce technological change, and assist
Azerbaijan’s local weather motion agenda.
AVCM’s launch occasion in Baku was attended by nearly 40
organisations representing the spectrum of Azerbaijan’s carbon
market stakeholders. The 2-day occasion seeks to boost consciousness and
spotlight developments to Azerbaijan’s carbon markets
infrastructure, promote funding and monetary intermediation
alternatives, and facilitate stakeholder dialogue within the carbon
crediting sector.
“Carbon markets create alternatives for investments in
renewable power, electrical automobiles, carbon seize, and different
inexperienced initiatives.. However to be an actual sport changer, we want carbon
pricing and markets globally. That’s the reason the UK helps over
thirty international locations to cost their emissions extra ambitiously and to
entry carbon markets.”, mentioned Edward Evans, Deputy Head of
Mission on the British Embassy in Baku, Azerbaijan.
“BSI is delighted to be becoming a member of forces with the British
Embassy in Baku and different stakeholders to launch AVCM initiative.
The mixing of local weather motion and personal sector growth
programming is a chance to additional financial growth and
assist Azerbaijan’s transition to a low carbon financial system. AVCM will
supply specialised coaching programme and tailor-made capability constructing
assist to each private and non-private sector organisations in serving to
realise Azerbaijan’s voluntary carbon credit score potential”, mentioned
Volodymyr Yakubov, Worldwide Improvement Director, BSI.
Yana Slivka, Government Director of the British Chamber of
Commerce Azerbaijan mentioned: “Because the British Chamber of Commerce
Azerbaijan, we’re dedicated to supporting initiatives that allow
companies to take significant steps in direction of sustainability. The
growth of the AVCM gives a important alternative for the
non-public sector to scale back its carbon footprint whereas fostering
innovation and financial development.”
John Patterson, Chairperson of the British Chamber of Commerce
Azerbaijan additionally famous: “We imagine that Azerbaijan’s enterprise
group is well-positioned to make important strides towards a
greener future. By embracing voluntary carbon markets, we unlock
new avenues for funding and technological development, creating
a basis for long-term environmental and financial success.”
“Carbon markets are a key mechanism to channel local weather motion to
the place it’s wanted most. To construct carbon markets with integrity and
transparency, we should foster collective motion throughout the general public
and personal sectors to create a supportive regulatory framework and
combine risk-based instruments, like project-level carbon rankings. It’s
a pleasure to assist the ACVM initiative alongside the British
Requirements Institute, the British Embassy and the British Chamber of
Commerce in Azerbaijan of their work to develop high-integrity
carbon markets, and focus on the essential function rankings play in
assessing high quality.”, mentioned Lily Ginsberg-Keig, Coverage
Supervisor, BeZero Carbon.