BAKU, Azerbaijan, October 1. The world needs a substantial upgrade to its energy networks, Vice-President of the State Oil Company of Azerbaijan (SOCAR) Afgan Isayev said at a roundtable discussion at the international conference as part of the Baku Climate Action Week, Trend reports.
"The whole world needs a significant upgrade to its energy networks. The grid needs faster solutions for energy storage and automated generation control systems. Certain technologies, software, and skills are necessary for effective prioritization. There is also a need for additional educational resources, or their combination. There is a tremendous demand for network modernization globally, which I believe presents a huge opportunity," he noted.
Isayev also noted the considerable efforts aimed at exploring corridors that would allow Azerbaijan to export green electricity to European markets.
To note, Baku is hosting Action Week (BCAW 2024) for the first time from September 30 to October 4, 2024. The event will form the basis of the climate agenda ahead of COP29 in Baku in November and bring together key stakeholders from a range of fields such as politics, finance, trade, investment, science, arts, culture, civil society, and media.
The main themes of the event are “energy transition," “cities and urbanized environments," “water security," “food and agriculture," "SMEs,” and “green skills.”
The first half of the week (from September 30 through October 2) will focus on climate solutions involving government agencies, academia, and the private sector. The second half (October 3-4) will focus on science, education, arts, culture, and other sectors.
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