Baku Energy Forum focuses on AI, economic growth, and clean energy transition - COVERAGE

Politics 11:39 22.06.2024

Advancements in AI, economic growth in in developing countries and a switch to clean energy solutions were top of the agenda at the Baku Energy Forum at Baku Energy Week.

 On June 21, Euronews TV channel aired a program on the 29th International Caspian Oil & Gas Exhibition - Caspian Oil & Gas and the 12th Caspian International Power and Green Energy Exhibition - Caspian Power held as part of the Baku Energy Week at the Baku Expo Center.

And Ednews represents the coverage:

Angela Wilkinson, Secretary General and CEO of the World Energy Council told Euronews: “What we really want to know is what does modern energy access look like for everybody? Then what sort of energy system do we need to deliver that?”

“So, what we would say is, world energy systems are no longer fit for purpose. We need to be progressive and pragmatic, but we're not going to make it unless we engage more people and diverse communities in understanding their roles and choices,” she added.

It was a sentiment echoed by Christophe McGlade, Head of Energy Supply Unit, at the International Energy Agency, who said: “Today, we need to recognize that the energy system isn't working for everybody. There's a huge number of people who don't have access to electricity. 750 million people don't have access to electricity, and 2.2 billion people don't have access to clean cooking. This is very damaging for their health.

Around 300 companies from 37 countries came together for one of the most important events on the global energy sector calendar.

Ilham Aliyev, President of Azerbaijan, told Euronews: “This really is a remarkable event, which actually demonstrates our green agenda and also demonstrates that Azerbaijan is attractive not only for those who invest in fossil fuels, but also for those who invest in renewables.” His comments came as Azerbaijan and the UAE announced at the opening of the event a joint plan to build three major solar and wind projects in Azerbaijan with a capacity of one gigawatt.

“It really demonstrates how a country which generated wealth from fossil fuel now is channelling this wealth into renewable energy and as a host country of COP29, this is also our obligation to be among the frontrunners on green transition,” Aliyev added.

The announcement was timely as momentum builds for COP29 in Baku, with Azerbaijan taking over the mantle from the UAE. Sultan Al Jaber, chairman of Masdar and COP28 President spoke of the importance of COP legacies and promises. “We set very clear and ambitious targets for tripling renewable energy capacity by 2030. We united the world around a practical pathway to keep 1.5 (degrees) within reach,” he said.

The forum ran alongside two exhibitions sponsored by Caspian Power and Caspian Oil and Gas that focused on major oil and gas projects in the region, as well as energy security. Other topics covered include development, production, transportation, as well as innovative technologies. 

Geopolitics and the war in Ukraine led to a reduction in gas exports to Europe and an increase in natural gas prices. This, in turn, had a large impact on energy consumers, with countries looking for alternative sources and suppliers. 

Tina Sersen, Slovenia’s Deputy Minister of Environment said: “For us, being a member of the European Union, ‘diversification’ gained a completely new meaning after the war broke out in Ukraine. So, Azerbaijan being one of the key suppliers that can enable us an alternative route or alternative gas source for our secure supplies, of course, is of key importance, and we have to build upon the relationship that was already established, and we have to broaden it and deepen it.”

Europe’s offshore wind and solar potential was highlighted as an option for solving the global climate issue alongside making sure that energy is secure and affordable for all.  

Francesco La Camera, Director General of the International Renewable Energy Agency (IRENA) told Euronews: “We have to build our narrative on three main areas. First of all is the infrastructure. We need to build the infrastructure that is fitting with a new energy system more decentralised.

“Second, we need a legal environment and market designed for renewables and not for fossil fuels. And third, we have to increase our capabilities at governmental level as they scale up for the workers and all people engage with the decision.”


IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

IEPF has started a new project to support local NGOs
16:05 04.06.2025
Zelenskyy says Ukraine has invitation to attend NATO summit
12:03 03.06.2025
Houthis say they attacked Tel Aviv’s Ben Gurion Airport
11:57 03.06.2025
Pakistan thanks Azerbaijan for support in localizing gas resources
11:50 03.06.2025
TPAO joins production sharing agreement for Shafag-Asiman offshore block
11:43 03.06.2025
US tariffs on steel, aluminum imports of 50% to take effect on June 4
11:50 31.05.2025
Lachin Rising: A Brotherhood of Steel Between Pakistan, Türkiye, and Azerbaijan
15:02 30.05.2025
"Türkiye welcomes Azerbaijan's efforts for peace in South Caucasus"
14:53 27.05.2025
Trump could exit Ukraine talks
13:56 27.05.2025
North Korea says US 'Golden Dome' risks 'space nuclear war'
12:01 27.05.2025
Hikmat Hajiyev meets with NATO Deputy Secretary General in Brussels
11:10 23.05.2025
Foreign diplomats visit Agdam Conference Center
21:35 21.05.2025
New Secondary School Opened in Gakh by Heydar Aliyev Foundation
21:22 21.05.2025
Azerbaijani and Turkish Presidents Meet One-on-One in Nakhchivan
21:03 21.05.2025
Opening ceremony of World Cup held in Baku
20:57 21.05.2025
Pashinyan, EU Envoys Discuss Armenia-Azerbaijan Peace
19:52 21.05.2025
New Deputy Appointed to Nakhchivan Education Minister
19:20 21.05.2025
Nakhchivan marks Türkiye’s National Sovereignty and Children’s Day
17:42 21.05.2025
F.Shafiyev: Azerbaijan-Türkiye unity is example of effective cooperation
17:35 21.05.2025
Azerbaijan to build circular power link in Karabakh
17:28 21.05.2025
Azerbaijan, Italy discuss prospects for defense cooperation
17:19 21.05.2025
Ilham Aliyev addresses conference on Western Azerbaijan in Ankara
17:14 21.05.2025
Ilham Aliyev: Azerbaijan and Türkiye uphold international law for regional stability
17:03 21.05.2025
President of Cuba congratulates President Ilham Aliyev
16:58 21.05.2025
Azerbaijani President: Digitalization of the Middle Corridor is a priority
16:53 21.05.2025
Erdogan: Ilham Aliyev will be remembered as a peacemaker
16:48 21.05.2025
TDT: Azerbaijan is very important for the development of the Turkic world
16:43 21.05.2025
Georgian minister discusses cooperation with Azerbaijani ambassador
16:35 21.05.2025
Azerbaijan, Türkiye mull prospects for development of military cooperation
16:29 21.05.2025
Azerbaijan and Croatia hold political consultations
16:24 21.05.2025
GlobE Network work plan for 2025 approved in Baku
16:18 21.05.2025
Talks between Azerbaijan and Armenia may be held at level of heads of state
12:21 19.05.2025
A Meeting of Nobles exhibition to open in Shusha
12:15 19.05.2025
Azerbaijan increases construction by over 2026
12:09 19.05.2025
How does space "sound"? -NASA created "music" from the sounds of black hole
12:03 19.05.2025
Azerbaijan joins Fez Festival of World Sacred Music
11:57 19.05.2025
Azerbaijan’s parliamentary delegation starts official visit to Spain
11:53 19.05.2025
EU countries agree on big defence fund with Azerbaijan- Diplomat Says
11:48 19.05.2025
Azerbaijan,Türkiye Hold Talks on Education Sector Cooperation
11:42 19.05.2025
Azerbaijani delegation attends Russia-Islamic World: Kazan Forum 2025
11:36 19.05.2025
Hamısı