Azerbaijan's Green Energy Strides Featured At IEA-IEF-OPEC Symposium In Riyadh
Date
2/22/2024 5:11:25 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 22. Azerbaijan's
Deputy Minister of energy Kamal Abbasov highlighted the country's
achievements in the energy sector both in traditional and renewable
energy sources at the 14th IEA-IEF-OPEC Symposium on Energy
Outlooks in Riyadh, Trend reports via the Ministry of Energy of
Azerbaijan.
He briefed on Azerbaijan's interest in the development of
'green' hydrogen projects, emphasizing the exploration of the
potential for producing and exporting hydrogen from renewable
energy sources to meet the growing demand for low-carbon
energy.
The official underscored that Azerbaijan, which will host COP29
this year, pays special attention to sustainable and
environmentally friendly energy solutions.
"Azerbaijan has joined initiatives related to 'green' energy and
energy efficiency within COP28, and by 2027, it's planned to
increase the share of renewable energy in the country's total
installed electricity capacity to 33 percent," the ministry
noted.
Abbasov also spoke about progress in implementing a 'green'
energy project involving Azerbaijan, Georgia, Hungary, and Romania,
where, at the initial stage, four GW of 'green' energy is planned
to be exported to Europe through the Black Sea.
The decision to host COP29 in Azerbaijan was officially
announced in Dubai on December 11, 2023.
On January 4, 2024, Mukhtar Babayev, Minister of Ecology and
Natural Resources of Azerbaijan, was appointed as President of
COP29.
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