With world-leading capabilities in areas including offshore wind, green finance and waste management, the UK stands ready to support Azerbaijan in diversifying its economy, a member of the UK House of Commons and the head of the UK-Azerbaijani Interparliamentary Friendship Group Bob Blackman told Report.
“While the UK and Azerbaijan have committed to renew combined efforts to tackle challenges facing the energy sector, I would expect to see greater investment from the UK to assist Azerbaijan’s transition to renewable energy. The UK is a world leader in the renewables sector and clean energy production and has reduced emissions faster than any other G7 country,” he said.
The countries have explored opportunities to strengthen and build on trade ties, with a particular focus on the emerging renewables markets as well as the challenges currently facing the energy sectors in both Britain and Azerbaijan, as well as agreed the need to diversify economies, invest in green energy and build renewable capabilities, he added.
“The launch of new alternative energy projects in the Jabrayil and Zangilan regions by the British company BP is also very important. As you know, a crucial agreement regarding this was signed in June,” concluded he.