Azerbaijan, World Bank launch dialogue on renewable energy

06/11/2012

The Government of Azerbaijan and the World Bank (WB) have started a dialogue in order to develop the country's renewable energy resources, WB Baku Office told Trend on Wednesday.

"The Azerbaijani leadership has repeatedly referred to this industry as a priority. There are initial contacts, but it is still difficult to talk about a specific project," the bank said.

The parties will come to a concrete decision on the matter by the end of the year, the government told Trend.

Azerbaijan is developing a strategy for the use of alternative and renewable energy sources in 2012-2020. Management of this strategy will enable the country to reach a 20 per cent threshold share of alternative energy by 2020 in the total energy consumption.

This indicator amounted to 10 per cent in 2011 (9.8 per cent -- hydropower, 0.2 per cent -- other types of alternative energy sources).

According to the plan, the share of alternative energy sources in the total energy consumption will be increased to 9.7 per cent by 2020. Azerbaijan is an oil and gas country and electricity producer. The country produces about 50 million tons of oil, 27 billion cubic meters of gas and more than 18 billion kilowatt / hours of electricity. All this requires the use of new technologies in order to reduce and prevent emissions from the mining, fuel combustion and gas industries.

Same Category

Energy saving tips for your winter

04/10/2024

Clean energy brings stable electricity supply to Truong Sa Archipelago 02/11/2022
Energy shifting towards a green economy 07/10/2021
Reduce your energy bills this fall with these tips 28/09/2021
Looking to save on your energy bill? Here are some easy tips 28/09/2021

10 ways to save water at home 26/09/2021

As we face these effects of climate change, conserving water becomes increasingly important. Saving water also means saving money; the average American family spends more than $1,000 on water a year, which can be diminished significantly by addressing the way we use water in our daily lives.
Saving electricity – Practical tips that cut through the noise 26/09/2021

Power is essential for lighting and running appliances at homes and in businesses. With its ever-increasing costs, consumers constantly compare electricity in addition to other practical ways to save electricity.
Energy saving tips for the home – 7 ways to lower your bills 26/09/2021

Worried about soaring gas prices? Our energy saving tips for the home are a great way to lower gas and electricity bills and save precious cash
Quantum chemists conjure recipe to turn gold, silver and copper into vessels of green energy 23/09/2021

Quantum chemists believe gold, silver and copper could help the world take a leap towards green energy after discovering that compounds based on these metal elements and hydrogen are very promising candidates for hydrogen storage.
As heating bills go up, put your energy into keeping costs down 16/09/2021

With wholesale energy prices soaring, millions of householders will face bigger bills next month. But there are ways to save.
5 easy ways to improve energy efficiency 16/09/2021

In addition to navigating a deadly pandemic, improving energy efficiency is likely the top priority for today’s building owners facing costly, mandatory retrofits by 2025.
How to solve the investment puzzle of clean energy transitions in the developing world 19/02/2021

This article looks into three areas where efforts are needed to accelerate investments in clean energy transitions
Viet Nam News Economy Lessons from solar: Rush to invest in wind power plants to get high tariffs could overload grid 09/02/2020

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.