BAKU, Azerbaijan, November 15. A ministerial meeting on COP29 energy initiatives is being held within the COP29 Energy, Peace, Relief and Recovery Day, Trend reports.
Azerbaijani Energy Minister Parviz Shahbazov said that Azerbaijan is implementing strategically significant projects in the field of renewable energy in the region.
“The world has entered a critical phase in the field of climate and energy. Meeting at this critical moment, we have a historic opportunity to define the future of global energy. Through today's initiatives, we will demonstrate our commitment to a rapid transition to renewable energy.
With the strong support of Azerbaijani President Ilham Aliyev in the transition to clean energy, the initiative to create green energy zones in Karabakh, Eastern Zangezur, and Nakhchivan, and the creation of a diversified energy infrastructure to supply green energy from the Caspian Sea to Europe, our country is implementing strategically significant renewable energy projects in the region.
These efforts are aimed not only at creating a clean energy future for Azerbaijan but also serve as a driving force behind COP29 initiatives to accelerate the growth of green energy and overcome barriers both regionally and globally,” he said.
Then he added that Azerbaijan has suggested three energy projects, consisting of five essential components, which offer concrete answers to facilitate the effective achievement of obligations under the COP28 framework.
"These initiatives aim to triple renewable energy capacity and double energy efficiency. One of the key components, the Green Energy Pledge, focuses on establishing green energy corridors and zones. Green energy corridors are a highly effective solution for the large-scale transmission of renewable energy, enabling the use of resources with significant energy potential far from major consumption centers.
The development of these corridors prioritizes fostering regional cooperation, creating supportive regulatory frameworks, ensuring sustainable financial mechanisms, and expanding the production of HVDC [High Voltage Direct Current] cables," he said.