Within the framework of COP29, the "Azerbaijan Investment Company" OJSC (AIC) has signed several agreements aimed at advancing projects that contribute to the development of the green economy. These agreements, made in partnership with international stakeholders, are designed to foster sustainable development and innovation in Azerbaijan.

A Memorandum of Understanding was signed between AIC and the UK-based "Carbonbit Technologies" to collaborate on the development and commercialization of carbon technologies. This project will focus on advancing carbon capture solutions in Azerbaijan. The collaboration will prioritize two key carbon capture approaches: Direct Air Capture (DAC), which involves absorbing CO2 directly from the atmosphere, and Carbon Capture, which captures CO2 before it enters the atmosphere.