Ministry of Energy was represented at international event

7th Berlin Energy Transition Dialogue was held in video conference format on 16 March. President of the European Commission Ursula von der Leyen, as well as high - level representatives of a number of countries and organizations attended the event dedicated to Energy transition-Towards climate neutrality. Deputy Minister of Energy Elnur Soltanov represented Azerbaijan at the event.
Speaking at the session of the meeting entitled Financing the Green Recovery, Deputy Minister noted that achieving a clean environment and becoming a "green growth" country is one of the National Priorities for the socio-economic development of Azerbaijan until 2030. Implementation of this priority deem it necessary to develop the renewable energy sector, reduce greenhouse gas emissions, expand use of green technologies. It was noted that cooperation with foreign investors has already begun to increase the share of renewable energy sources in electricity production capacity to 30% in the next 10 years and to reduce greenhouse gas emissions by 35% in comparison with its level in1990. In this direction, information was given about the projects to be implemented with ACWA Power (Saudi Arabia) and Masdar (the United Arab Emirates). It was mentioned that about $ 500 million worth of foreign investment will be directed to the renewable energy sector through these projects. It was also noted that the liberation of the occupied territories of Azerbaijan opened new opportunities for sustainable development in the region. Cooperation with foreign investors is of great importance in the process of transformation of the liberated territories into a "green energy" zone and restoration of Karabakh. 
It should be noted that it is planned to discuss issues such as renewable energy, global targets in energy transition, as well as the introduction of advanced technologies to ensure cross-sectoral energy transition at the 2-days video conference.