Friday, November 15, 2024

Life in a city hosting COP

A bizarre experience for locals |

Good morning from Baku. While COP29 negotiations are still ongoing, we take a look at what it's like to live in and around a city holding an international climate summit. You can read this story and all of our COP29 coverage for free on Bloomberg.com

Life in the current capital of the climate world

By Bloomberg News

Baku, like most capitals, has a chronic traffic problem. But not this week.

The biggest city in Azerbaijan, with its striking mix of Parisian-style boulevards and ultra-modern skyscrapers hugging the Caspian Sea, has appeared half deserted to more than 50,000 visitors who've arrived for COP29, the latest iteration of the annual United Nations climate talks. The Mercedes-Benz limos carrying ministers —  and the fleet of electric buses for more humble delegates — have sped easily along nearly vacant highways, making the 7-mile (11-kilometer) journey from city center hotels to the venue in just a few minutes.

Security personnel patrol near the COP29 venue in Baku. Photographer: Andrey Rudakov/Bloomberg

For the 4 million Azerbaijanis living in and around Baku, it's been a bizarre experience that goes well beyond the absence of the normally constant traffic jams. 

Streets that usually bustle with workers and shoppers are almost empty. Vendors selling cheap fruit and vegetables disappeared in early November, days before COP29 got under way. The so-called "slave markets" where legions of the unemployed, mostly men, gather in search of informal manual jobs have also vanished. Even Baku's ever-present beggars are nowhere to be seen. 

Baku is no stranger to large international events — it hosted the Eurovision Song Contest in 2012 and has held a Formula 1 motor race since 2016. But COP29 is the biggest influx of visitors in the city's history, and the government has done everything possible to present a positive experience.

Azerbaijan's leader, President Ilham Aliyev, bought parliamentary elections forward by months to September 1 so they wouldn't coincide with COP29. His prime minister also signed decrees closing schools and universities.

The normal, five-day autumn holiday for schoolchildren was extended to 17 days. Universities in Baku and surrounding towns were switched to distance teaching. Two-thirds of employees in the public sector received orders to work from home.

Preparations to host world leaders, diplomats, business executives and thousands of climate experts also included a massive facelift to repave main roads, repaint the facades of residential buildings on downtown thoroughfares and refurbish public parks. 

The Caspian Sea waterfront seen from Baku. Photographer: Andrey Rudakov/Bloomberg
Traditional architecture in Baku's Old Town district. Photographer: Andrey Rudakov/Bloomberg
The flame towers, a nod to the natural gas that underpins Azerbaijan's economy, dominate Baku's skyline. Photographer: Andrey Rudakov/Bloomberg

In the suburbs, meanwhile, a makeshift, outdoor market place popular with poorer residents was demolished overnight, just days before the climate talks started. Vendors were told they'll get their booths back after the two-week event is over.

Playing host to an international summit has been good for some businesses. With almost all of Baku's 17,500 hotel rooms booked weeks before the event started, prices shot up. Rates at three-star hotels rose to at least $120 per night from around $30 previously, according to Fed.az, a local business news portal. Booking restaurants has also become difficult because of the soaring demand from visitors. 

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

Azerbaijan is the third-largest oil producer in the former Soviet Union after Russia and Kazakhstan, although production has been on a sharp decline after peaking near 1 million barrels a day, in 2010. Natural gas production is still rising, though, with the fuel piped to Turkey, Georgia and on to Europe.

Pedestrians outside a Baku metro station on the eve of COP Photographer: Andrey Rudakov/Bloomberg

Export revenues earned from fossil fuels — described by Aliyev as a "gift from God" in his opening address at COP29 — have helped lift millions out of poverty. But life is still difficult for many, and the median monthly salary is a little over 400 manat ($235).  

The cleanup ahead of the UN summit has brought genuine hardship for street vendors like Farid, who has been out of work since early November. He made a living by selling fruits and vegetables near the Nariman Narimanov metro station, not far from the city center. He was told to remove his stall at the start of November. He hopes to resume work on November 22, when COP29 ends.

"They don't care about us," he said, asking that his full name not be published for fear of reprisals.

You can find this story — and all of our COP29 coverage — for free on Bloomberg.com.

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This week we learned

  1. Azerbaijan produces less fossil fuels than recent COP hosts. This includes the UK, which was considered a success in delivering the Glasgow Climate Pact in 2021, according to BloombergNEF. The researcher says this is important context in the debate over whether a petrostate can hold a meaningful climate conference.

  2. Global warming is already on the cusp of 1.5C. Scientists using a new calculating method say the world was 1.49C hotter than in pre-industrial times by the end of 2023. Conventional accounting puts that number at around 1.3C.

  3. The world is way off its deforestation targets. More than 130 nations accounting for more than 90% of the world's forests agreed in 2021 to reverse deforestation by the end of the decade. About 6.4 million hectares of forests were lost in 2023, 45% higher than the rate required to put the world on a pathway to meet the 2030 target.

  4. Exxon's chief wants to stay in the Paris Agreement. CEO Darren Woods said exiting would mean forfeiting a chance to push for "common sense" carbon-cutting policy on the world stage. "The way you influence things is to participate, not to exit," he said in an interview at the COP29 climate summit.

  5. China started its first gigawatt-sized offshore solar project. The massive open-sea photovoltaic plant made its first connection to the grid on Wednesday, according to its developer, a unit of China Energy Investment Corp.

Photographer: Qilai Shen/Bloomberg

Worth your time

A neon green plant the size of a sprinkle and grown in water holds the promise of providing protein for the world's growing population while using fewer land and water resources. Just don't call it by its common name: duckweed.

The tiny plant has many aliases, including more enticing ones like water lentils and lemna, and it's got some momentum: Whole Foods Market Inc. named it one of the top food trends of 2025 while startup Plantible announced it raised a $30 million Series B funding round on Friday. There's still a long road ahead for water lentils to go mainstream, though, and with one startup already failing, there are concerns the plant may struggle to reach widespread adoption. Read the full story on Bloomberg.com

GreenOnyx markets water lentils as Wanna Greens, which can be used as garnishes for meals. Photographer: GreenOnyx

Weekend listening

Reporter Akshat Rathi sits down with ExxonMobil CEO Darren Woods, who made his second-ever appearance at the United Nations climate conference. Woods made the case for why incoming US president Donald Trump shouldn't exit the Paris Agreement, and should uphold the country's monumental climate legislation passed under the Biden administration. It's quite the tone shift for a company that has a well-documented history of sowing doubt about the dangers of global warming. Listen now, and subscribe on Apple,  Spotify, or YouTube to get new episodes of Zero every Thursday.

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