2024-06-09 08:11:55
The approaching vitality transition is accepted by most international locations and firms on the earth. Such a transition is inevitable. Nevertheless, we should always not neglect that inexperienced vitality requires enormous investments. Developed international locations can afford such bills. However what about growing international locations or those that have issue making ends meet?
The top of the Azerbaijan Petroleum Analysis Middle (ACE) Ilham Shaban mentioned this in a dialog with Day.Az.
In accordance with him, one of many options in such instances is to make use of conventional vitality sources extra rationally, obtain financial diversification, develop enterprise and use a part of the proceeds to implement points associated to the vitality transition, the professional famous, as soon as once more emphasizing that the transition to renewable vitality sources – that is an especially costly course of.
President Ilham Aliyev spoke on the opening of the twenty ninth Caspian Oil and Gasoline exhibition and the twelfth Caspian Energy exhibition as a part of the Baku Vitality Week – PHOTO – VIDEO
“Talking on the opening of the Baku Vitality Discussion board, President Ilham Aliyev as soon as once more drew consideration to a vital level – that producing international locations must be judged not by their assets, however by how they handle these assets. Earlier, on 10- On the ministerial assembly inside the framework of the Southern Gasoline Hall Advisory Council in Baku, the top of state spoke much more particularly. He emphasised that the actions of nations with fossil fuels must be judged by how they resolve the issue of environmental safety, how they resolve the issue of the inexperienced transition. the place of the President of Azerbaijan is perceived with understanding on the earth. For instance, the director of the Worldwide Renewable Vitality Company (IRENA) Francesco La Digital camera referred to as Baku’s route of oil revenues for the manufacturing of different vitality very progressive,” mentioned Ilham Shaban.
As for the destiny of Azerbaijan’s fuel initiatives, no modifications are anticipated, our interlocutor believes. This, he famous, can be evidenced by the assertion of the Director Common of the Division of Worldwide Relations of the European Fee, Cristina Lobillo Borrero, made in the course of the Baku Vitality Discussion board.
“She said that work is at the moment ongoing to extend the provision of Azerbaijani fuel to Europe. In July 2022, Azerbaijan and the European Fee signed a memorandum on strategic partnership within the area of vitality, and in April 2023, a memorandum of understanding was signed to develop cooperation between operators fuel transportation programs of Azerbaijan, Bulgaria, Romania, Hungary and Slovakia By 2027, Azerbaijan has pledged to double oil exports to Europe, and no modifications are anticipated in these plans, regardless of new vitality developments on the earth. Not solely Baku, but in addition the European Union is dedicated to persevering with this vital partnership,” mentioned the Azerbaijani professional.
Leila Tariverdieva