Azerbaijan intensifies its green energy transition, targeting a 40% emission reduction by 2050, with EBRD support for low-carbon hydrogen and 10 GW renewable energy development.
Azerbaijan is intensifying its commitment to renewable energy, aiming for a 40% reduction in greenhouse gas emissions by 2050. Supported by the European Bank for Reconstruction and Development (EBRD), the nation is exploring low-carbon hydrogen production and plans to develop approximately 10 GW of renewable energy capacity. These initiatives align with Azerbaijan’s goal to meet 30% of its domestic power needs from renewable sources by 2030. (Masdar)
In preparation for hosting the United Nations COP29 climate summit in November 2024, Azerbaijan is showcasing its dedication to innovative energy solutions. The country has signed agreements with international investors to unlock around 10 GW of renewable energy capacity in the medium term, supporting its green hydrogen initiatives. (AzerNews) The EBRD has conducted a preliminary assessment of Azerbaijan’s potential for a low-carbon hydrogen economy, indicating that the country is well-positioned to produce renewable hydrogen for both local use and export to high-demand regions like the European Union. (Trend.az) These efforts underscore Azerbaijan’s role as a regional leader in the green energy transition, setting an example of how nations can effectively utilize their natural resources to drive sustainable development.
Solar energy, one of the most popular forms of green energy, captures sunlight through photovoltaic cells to generate electricity. Wind power harnesses the kinetic energy of wind through turbines, turning it into electricity without releasing pollutants. Hydropower, generated by the flow of water in rivers or man-made dams, has been a longstanding green energy source and is one of the largest renewable energy contributors globally. Geothermal energy, sourced from the Earth’s natural heat, provides a steady and reliable power supply, ideal for electricity generation and heating.
Green energy has numerous benefits beyond reducing greenhouse gas emissions. It promotes energy independence, reduces reliance on fossil fuel imports, and supports sustainable development. Many countries are increasing their investments in green energy, setting ambitious targets to transition from traditional energy sources to renewables as part of their climate goals.