BAKU, Azerbaijan, April 25. The year 2024 presents prospects for further increasing initiatives in the sphere of transition to a green economy in Azerbaijan, Deputy Economy Minister Elnur Aliyev said, TurkicWorld reports.

He made the remark during a conference on the new period of Azerbaijan's socio-economic development.

"This year, Azerbaijan will host such a prestigious international event as COP29. At the same time, 2024 has been declared by the President of the country as the "Year of Solidarity for a Green World". Previous experience also shows that the successful realization of such a large-scale event as COP requires the active participation of all members of society, especially entrepreneurs. The year 2024 creates opportunities to further increase initiatives in the field of green economy transition. This is important in terms of the image of our country, increasing the competitiveness of entrepreneurial activity and improving it following the requirements of the modern era," he said.