BAKU, Azerbaijan, November 7. Speaker of the
Milli Majlis Sahiba Gafarova delivered a speech at the thematic
session “Energy Transition” held within the framework of the 30th
session of the Conference of the Parties to the UN Framework
Convention on Climate Change (COP30) in the city of Belém of the
Federative Republic of Brazil, Trend reports.
The Speaker of Parliament said in her address that accelerating
the transition to clean energy is of paramount importance for
reducing greenhouse gas emissions, combatting climate change and
promoting sustainable development. As she put it, achieving this
goal requires consistent and determined efforts building upon the
successes attained to date.
Furthermore, a fundamental transformation in energy generation,
distribution and consumption is imperative and ought to serve both
to meet global needs and to effectively address the challenges
posed by climate change.
The Speaker of the Milli Majlis recalled that the energy
transition was one of the key priorities of the COP29 Presidency’s
endeavours. Azerbaijan combined with the International Energy
Agency to arrange four High-Level Energy Transition Dialogues,
bringing together partners from different regions of the world.
These discussions helped shape the global energy agenda.
Consequently, through close collaboration with the United Nations
Industrial Development Organisation (UNIDO), the United Nations
Economic Commission for Europe (UNECE), the United Nations Economic
and Social Commission for Asia and the Pacific (UNESCAP), the
International Energy Agency (IEA) and the International Renewable
Energy Agency (IRENA), the COP29 Presidency presented three major
energy initiatives: the Global Incubator for Energy Efficiency and
Grids, the Global Incubator for Green Energy Zones and Corridors,
and the COP29 Hydrogen Declaration.
The Speaker of the Milli Majlis remarked that those initiatives
are based on the results of the first Global Stocktake conducted
under the Paris Agreement and on existing commitments, and reflect
the need to close the implementation gap and the urgency of
corresponding measures.
It was also said in the address that each initiative targets
strategic priorities in the sphere of clean energy infrastructure,
its deployment, storage, transmission and distribution. They are
aimed at accelerating progress towards renewable energy and energy
efficiency goals, strengthening co-operation and reinforcing the
political will for practical action.
According to the Speaker, the initiatives also provide for
stimulating innovation, technology transfer, improving the
interconnectivity of energy grids and forming new investment
mechanisms. The key goal is to achieve an energy transition that
ensures the fair and equitable participation of every country and
community in this process.
The Speaker of the Milli Majlis then talked in her address about
the work being done to expand renewable energy production in our
country and the successes achieved. She let it be known that
Azerbaijan, by consistently implementing a clean energy policy, is
increasing the share of renewables in its energy balance and that
our country is becoming one of the leading states in the
development of renewable energy.
The technical potential of our renewable energy resources is
estimated at 135 GW on land and 157 GW at sea, whilst the economic
potential of the resources is estimated at approximately 27 GW. The
share of renewable energy constitutes about 18.8 per cent of the
total installed energy capacity currently, which is roughly equal
to 1.8 GW. The implementation of green energy projects with a total
capacity of over 2 GW is planned by 2027.
It was also mentioned that it is intended to ensure that
approximately 40 per cent of the energy produced in our country is
obtained from renewable sources by 2030.
As Speaker of Parliament said then, those investment commitments
in the field of clean energy, assumed despite our rich traditional
energy resources, demonstrate our country’s determination to build
a low-carbon future.
According to Sahiba Gafarova, Azerbaijan also plays a leading
role in establishing new standards for defining clean energy
development zones. The creation of the Green Energy Zone on our
liberated territories, which were under occupation for almost
thirty years and were destroyed, is a vivid example of the
strategic vision for sustainable restoration and regional
transformation.
In conclusion of her address, the Speaker of the Milli Majlis
devlare that Azerbaijan as a responsible member of the
international community will continue her efforts to increase
renewable energy capacity, develop hydropower potential and
strengthen energy efficiency measures. Our country remains
committed to supporting global climate goals and to joint action in
building an inclusive and secure energy future.
