bp presents decarbonization master plan to Azerbaijani government 

bp today presented a decarbonization master plan for Azerbaijan to the Ministry of Energy in support of the country's energy transition, Report informs, citing the company.

The paper includes an in-depth assessment of proposals and recommendations for decarbonization and describes Azerbaijan's renewables potential and low carbon opportunities, including pathfinder renewable energy projects, as well as projects and opportunities that can be assisted by bp. Based on the strategic rationale for decarbonization, the paper presents the feasible outcomes of this process for Azerbaijan out to 2050.

Energy Minister Parviz Shahbazov said: "Azerbaijan's transformative priorities and plans to develop as a green growth country and create a net zero-emission green energy zone necessitate the introduction of low-carbon approaches. 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 per cent. 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. "

Gary Jones, bp's regional president for Azerbaijan, Georgia and Turkey, said: "The development of the Master Plan and today's presentation mark a step forward in bp's cooperation with the Government of Azerbaijan in support of the country's energy transition efforts. Since the signing of the MOU last year, we have worked hard to develop this Master Plan for Azerbaijan, building on the expertise of low carbon technology and business models from across the bp Group. We are pleased that we are already in action on a number of components of this plan. We hope that bp will continue to play a leading role in helping Azerbaijan develop its energy resources both in hydrocarbons and increasingly in low carbon."

This follows the signing of a Memorandum of Understanding (MOU) by the Ministry and bp in February 2021 on 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 the Ministry of Energy, as well as various government institutions, have been closely cooperating in preparing the Master Plan. The paper presented today is based on wide-ranging discussions of various decarbonization opportunities for the country.

bp and the Ministry of Energy will continue to work closely together towards the realization of Azerbaijan's low carbon energy development vision and the country's overall sustainability goals.