Azerbaijan's SOCAR Seeks Further Options To Reduce Emissions
Date
9/18/2024 5:18:00 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 18. The State Oil
Company of Azerbaijan (SOCAR) is actively investigating further
methods to reduce emissions as part of its commitment to
sustainable practices, SOCAR Deputy Vice President for Energy
Transition, Environment and Decarbonization, Teymur Guliyev said in
a statement at the 12th International Caspian energy Forum held in
Baku, Trend
reports.
According to Guliyev, SOCAR began the transition to green energy
two years ago at the initiative of its leadership.
"While SOCAR has long been recognized as an oil and gas company,
there is now a global trend toward energy transition, and many
leading firms have shifted their focus to sustainable energy. In
light of these developments, SOCAR commenced these efforts ahead of
COP28," he stated.
Guliyev acknowledged the challenges faced in this process,
particularly the shortage of specialists in green energy and
decarbonization within the country.
At COP28, SOCAR publicly unveiled its decarbonization goals for
the first time.
"Our primary objective is to achieve net-zero emissions by 2050.
The next phase involves setting specific targets for the company to
implement green energy projects. We have established the 'SOCAR
Green' company to facilitate this," he added.
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