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Energy Minister Parviz Shahbazov delivered a speech at the IEA–COP31 Türkiye Energy Ministerial Dialogue: Architecting Energy Transition in a Shifting Global Landscape in Antalya.
The Minister stated that electrification marks a new phase in the energy transition, transforming not only energy production but also patterns of energy consumption across the economy. He emphasized that this process requires investment across the entire energy system, highlighting the importance of developing power generation, grids and energy storage in parallel, as well as expanding regional interconnections. It was noted that a reliable and affordable electricity supply would accelerate the electrification of industry, transport and heating systems.
The importance of supporting COP31's agenda to increase the share of electricity in final energy consumption to 35% by 2035 through infrastructure development, access to affordable financing and international cooperation was highlighted. “Countries differ in their resources and development opportunities. A common goal does not mean a single pathway for all,” the Minister stated.
It was emphasized that Azerbaijan is developing renewable energy generation alongside grid modernization and energy storage. The Minister noted that green energy corridor initiatives connecting Central Asia, the Caspian region, the South Caucasus, Türkiye and Europe are creating opportunities for reliable and affordable electrification across a wider geographical area.
The Minister stated that the COP28 initiatives on renewable energy generation and the COP29 initiatives on grids and energy storage complement COP31's electrification agenda. He called for integrating these priorities into a unified strategy and turning commitments into concrete investments and projects. It was emphasized that the success of electrification should be measured not only by its pace but also by people's access to reliable and affordable energy, energy security and economic development.
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