The paper includes an in-depth assessment of recommendations for decarbonization and describes Azerbaijan’s renewable potential and low carbon opportunities including pathfinder renewable energy projects, as well as projects that can be assisted by BP.
Moreover, based on the strategic rationale for decarbonization, the paper presents the feasible outcomes of this process for Azerbaijan out to 2050.
Azeri Energy Minister Parviz Shahbazov in a comment on this issue stated that:
- This document provides advanced solutions to build Azerbaijan's energy system based on renewable energy sources and a low-carbon future, and to achieve the goal of reducing greenhouse gas emissions by 2050 by up to 40 %
- BP's support for the decarbonization process, as well as participation in the implementation of our green agenda, elevates our long-term and reliable partnership in the hydrocarbon sector to a new level and paves the way for our joint contribution to global climate goals
To recall, a MoU was signed by the ministry and BP in February 2021 on the cooperation in assessing the potential and conditions required for large-scale decarbonized and integrated energy and mobility systems, including renewable energy projects in the regions and cities of Azerbaijan.
Since then BP and Energy Ministry have been closely cooperating to prepare the master plan.
BP opened its 1st office in Baku in June 1992 and has since then contributed to Azerbaijan’s oil & gas sector development through operating projects, such as ACG, Shah Deniz, BTC and SCP.