2024-10-02 23:29:23
U Azerbaijan there is strong potential in the field RES.
As Day.Az reports with reference to Trend, this was stated by the senior partner and managing director of Boston Consulting Group Patrick Herhold at an international conference within Climate Action Weeks in Baku.
“Given the size of Azerbaijan, there is a very strong potential in the field of renewable energy sources,” he said.
According to him, Azerbaijan needs to take a strategic approach to policy formation to create an effective transition to green energy and build a business framework.
“I believe that it is important for a country to have a clear policy: how it will support already profitable technologies and which of the technologies that are not yet generating income are planned to be developed. This should be clearly and thoroughly spelled out. Without this, confusion and mistrust will arise in the market,” – he emphasized.
According to him, reliable and clear policies that create frameworks, especially for technologies that are not yet profitable, and the establishment of partnerships are important.
It should be noted that the Week of Action runs from September 30 to October 4, 2024 and is being held in Baku for the first time.
The event will form the basis of the climate agenda ahead of COP29 in Baku in November.
Climate Action Week will bring together key stakeholders from a range of sectors such as politics, finance, trade, investment, science, arts, culture, civil society and media.
The main themes of this event are “energy transition”, “cities and urban environments”, “water security”, “food and agriculture”, “SMEs” and “green skills”.
The first half of the week (September 30 – October 2) will focus on climate solutions involving government agencies, academia and the private sector. In the second half (October 3-4), the emphasis will be on science, education, art, culture and other sectors.