Gazprombank offers Azerbaijan “green” mechanisms

Minister of Energy Parviz Shahbazov met with the delegation led by Denis Shulakov, First Vice-President and Head of the Capital Markets block of Gazprombank in videoconference format, Report informs, citing the ministry.

Prospects of cooperation in the energy sector were discussed at the meeting. The renewable energy potential in Azerbaijan, including in our liberated territories, ongoing reforms in the sector, the work done and the plans, as well as the opportunities of this process for the private sector, were brought to the attention.

Representatives of the Bank informed about the transition to a low-carbon economy, expansion of the use of renewable energy sources and “green bonds,” “green investments,” and “green financing” mechanisms that can be used for energy efficiency measures.

At the end of the meeting, it was decided to continue discussions in the relevant field.