Azerbaijan’s energy policy is based on the balanced development of all energy types, and this approach has been defined by President Ilham Aliyev, he made the statement at a panel session on energy at the Antalya Diplomacy Forum.
Referring to the energy transition process, the Minister said that even today, more than 80% of the global economy remains dependent on traditional energy sources. Last year, the world's renewable energy sector grew by 15.5 %, but the demand for hydrocarbons has not been fully replaced. Therefore, the energy transition should be viewed not as a process of “replacement,” but rather of “addition and optimization,” and must be managed intelligently. The Minister stressed that hasty and insufficiently justified decisions on the energy transition could lead to a decrease in investment in the hydrocarbon sector and as a result, to risks to energy security. In conclusion, it was emphasized that the global energy dilemma can only be solved with a balanced and inclusive approach. Overlooking any component of the energy system may disrupt global equilibrium, with negative consequences felt by all countries.
It should be noted that, alongside Azerbaijan’s Energy Minister, the panel discussions were also attended by Türkiye’s Energy Minister Alparslan Bayraktar, Slovenia’s Minister of Environment, Climate and Energy Bojan Kumer, and the Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera.
