PWC News
Wednesday, June 18, 2025
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

COP29 climate summit upends daily life in Baku

Home Business
Share on FacebookShare on Twitter


The most important metropolis in Azerbaijan, with its putting mixture of Parisian-style boulevards and ultra-modern skyscrapers hugging the Caspian Sea, has appeared half abandoned to greater than 50,000 guests who’ve arrived for COP29, the most recent iteration of the annual United Nations local weather talks. The Mercedes-Benz limos carrying ministers —  and the fleet of electrical buses for extra humble delegates — have sped simply alongside almost vacant highways, making the 7-mile (11-kilometer) journey from metropolis heart lodges to the venue in only a few minutes.

For the 4 million Azerbaijanis residing in and round Baku, it’s been a weird expertise that goes properly past the absence of the usually fixed site visitors jams. 

Streets that normally bustle with staff and buyers are nearly empty. Distributors promoting low cost fruit and greens disappeared in early November, days earlier than COP29 obtained underneath means. The so-called “slave markets” the place legions of the unemployed, principally males, collect looking for casual handbook jobs have additionally vanished. Even Baku’s ever-present beggars are nowhere to be seen. 

Baku isn’t any stranger to massive worldwide occasions — it hosted the Eurovision Tune Contest in 2012 and has held a System 1 motor race since 2016. However COP29 is the largest inflow of tourists within the metropolis’s historical past, and the federal government has performed every little thing doable to current a constructive expertise.

Azerbaijan’s chief, President Ilham Aliyev, purchased parliamentary elections ahead by months to September 1 so that they wouldn’t coincide with COP29. His prime minister additionally signed decrees closing faculties and universities.

The traditional, five-day autumn vacation for schoolchildren was prolonged to 17 days. Universities in Baku and surrounding cities had been switched to distance instructing. Two-thirds of staff within the public sector obtained orders to work at home.

Preparations to host world leaders, diplomats, enterprise executives and 1000’s of local weather specialists additionally included a large facelift to repave essential roads, repaint the facades of residential buildings on downtown thoroughfares and refurbish public parks. 

Within the suburbs, in the meantime, an makeshift, outside market place well-liked with poorer residents was demolished in a single day, simply days earlier than the local weather talks began. Distributors had been advised they’ll get their cubicles again after the two-week occasion is over.

Enjoying host to a global summit has been good for some companies. With nearly all of Baku’s 17,500 lodge rooms booked weeks earlier than the occasion began, costs shot up. Charges at three-star lodges rose to at the very least $120 per night time from round $30 beforehand, in keeping with Fed.az, a neighborhood enterprise information portal. Reserving eating places has additionally turn out to be tough due to the hovering demand from guests. 

It’s all served to obscure the inequalities of Azerbaijani society.

Azerbaijan is the third-largest oil producer within the former Soviet Union after Russia and Kazakhstan, though manufacturing has been on a pointy decline after peaking close to 1 million barrels a day, in 2010. Pure fuel manufacturing remains to be rising, although, with the gas piped to Turkey, Georgia and on to Europe.

Export revenues earned from fossil fuels — described by Aliyev as a “reward from God” in his opening handle at COP29 — have helped raise tens of millions out of poverty. However life remains to be tough for a lot of, and the median month-to-month wage is a little bit over 400 manat ($235). 

The cleanup forward of the UN summit has introduced real hardship for avenue distributors like Farid, who has been out of labor since early November. He made a residing by promoting vegatables and fruits close to the Nariman Narimanov metro station, not removed from the town heart. He was advised to take away his stall firstly of November. He hopes to renew work on November 22, when COP29 ends.

“They don’t care about us,” he stated, asking that his full title not be revealed for concern of reprisals.

Extra tales like this can be found on bloomberg.com

SHARE

  • Copy hyperlink
  • Electronic mail
  • Fb
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Revealed on November 16, 2024





Source link

Tags: BakuClimateCOP29DailylifeSummitupends
Previous Post

Long-term holders are locking in profit after Bitcoin’s rally to new ATHs

Next Post

Sri Lanka President to make policy statement on 21 November | EconomyNext

Related Posts

Google launches ‘safety charter’ to protect Indians from online frauds
Business

Google launches ‘safety charter’ to protect Indians from online frauds

June 17, 2025
NHAI Brake On Awarding Projects Dampens Outlook For Major Road Players
Business

NHAI Brake On Awarding Projects Dampens Outlook For Major Road Players

June 17, 2025
ETF Performance vs. Fees & Assets Under Management (AUM) – Meb Faber Research – Stock Market and Investing Blog
Business

ETF Performance vs. Fees & Assets Under Management (AUM) – Meb Faber Research – Stock Market and Investing Blog

June 17, 2025
Breakthrough stories need great twists in the tale
Business

Breakthrough stories need great twists in the tale

June 16, 2025
El Al to begin rescue flights for stranded Israelis
Business

El Al to begin rescue flights for stranded Israelis

June 17, 2025
How to get a HELOC when you have a bad credit score
Business

How to get a HELOC when you have a bad credit score

June 16, 2025
Next Post
Sri Lanka President to make policy statement on 21 November | EconomyNext

Sri Lanka President to make policy statement on 21 November | EconomyNext

Zepto To Raise 0 Million From Domestic HNIs, Family Offices In War Chest Top Up

Zepto To Raise $300 Million From Domestic HNIs, Family Offices In War Chest Top Up

AquaVolt Solutions and TenneT (NL) Forge Partnership to Expand Solar Power Development in the Netherlands

AquaVolt Solutions and TenneT (NL) Forge Partnership to Expand Solar Power Development in the Netherlands

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

OpenSea Records Increased NFT Users Ahead Of $SEA Airdrop
Cryptocurrency

OpenSea Records Increased NFT Users Ahead Of $SEA Airdrop

by PWC
June 13, 2025
0

Be part of Our Telegram channel to remain updated on breaking information protection OpenSea, one of many largest decentralized market...

Gold price nears all-time high amid fears of broader regional Middle Eastern conflict 

Gold price nears all-time high amid fears of broader regional Middle Eastern conflict 

June 14, 2025
Liquidity Levels Show XRP Price Is Headed Up, But Must Cross .40 First | Bitcoinist.com

Liquidity Levels Show XRP Price Is Headed Up, But Must Cross $2.40 First | Bitcoinist.com

June 12, 2025
Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why

Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why

June 17, 2025
The Next Real Estate Boom Might Start on the Blockchain

The Next Real Estate Boom Might Start on the Blockchain

June 17, 2025
Bitcoin hashrate hits new high of 943 EH/s as difficulty adjusted down 0.45%

Bitcoin hashrate hits new high of 943 EH/s as difficulty adjusted down 0.45%

June 16, 2025
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.