BAKU, Azerbaijan, September 25. Green energy transition will be crucial for the Caspian region in coming years, Efgan Nifti, President of the Caspian Policy Center (CPC), said during the fifth annual Caspian Business Forum in New York, Trend reports.
The CPC President highlighted the growing importance of transport connectivity in the region through projects such as the Middle Corridor, as well as the Caspian region’s continued demonstration of its ability to provide energy to the world, whether in the form of hydrocarbons or renewable energy.
Nifti addressed trends in the green energy transition, stating, "With Azerbaijan hosting the COP 29 conference this November, it is clearer than ever that the green energy transition will be crucial for the Caspian region in the coming years."
He noted that these changes are driving increased regional cooperation and opening up lucrative business opportunities that were previously unimaginable.