BAKU, Azerbaijan, December 10. The World Bank (WB) is eager to support Azerbaijan in development of clean hydrogen production industry, Kseniya Lvovsky, Practice Manager for Environment, Natural Resources, and Blue Economy in the Europe and Central Asia Sustainable Development Department of the WB, told Trend.
“Our preliminary assessment indicates that Azerbaijan, as a fossil fuel economy, has potential for the production of clean, which is blue, green and turquoise, hydrogen. This is type of an alternative clean energy resource that many hydrogen rich economies are looking for - a cleaner and low carbonate future,” she said.
She said that at the moment, the WB is preparing Country Climate and Development Report for Azerbaijan, where more detailed and in-depth assessment of hydrogen potential production in the country, with specific recommendations for the government, as well as the potential of WB’s support in the field.
“We are following our five-year program together with the Government of Azerbaijan, and, currently, we are about to start preparing Country Partnership Framework to outline the paths of our cooperation, including the financing process for the next five years. We look forward to hearing the government’s priorities, and, certainly, renewable energy, we believe, will be prioritized,” Lvovsky added.