(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 6. Azerbaijan has the
potential to serve as a global model in the energy transition,
Managing Director & Partner at Boston Consulting Group (BCG) Anton
Kosach said during the "Empowering and Accelerating the Green
Transition: Strategies for COP29 and the Green World" panel at the
29th Baku Energy Forum, Trend reports.
"The commitment to achieving zero emissions in Azerbaijan's
liberated territories, as announced at COP28, marks a significant
stride forward.I believe Azerbaijan can extend this commitment
nationwide. This will accelerate the global energy transformation
since Azerbaijan can lead the way," he stated.
Kosach further highlighted the importance of recognizing the
global energy transition, which necessitates a substantial
investment of $37 trillion by 2030.
To note, more than 600 delegates are participating in the forum,
which started on June 5. In addition to Azerbaijan, representatives
from Australia, Austria, Belarus, Belgium, Bulgaria, the UK,
Hungary, Georgia, Israel, India, Italy, Kazakhstan, Qatar, China,
Latvia, Monaco, the Netherlands, Norway, the UAE, Russia, Romania,
Saudi Arabia, Slovenia, the US, Uzbekistan, Ukraine, Finland,
France, the Czech Republic, Switzerland, Sweden, and Japan will
also be present. This year, the forum has a record number of
speakers - 81.
The forum's agenda includes critical energy issues for both
Azerbaijan and the entire Caspian region. Key points on the agenda
focus on reviewing and financing projects related to energy
security, the energy transition, and green energy.
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