Key Eurasian states have taken a key step towards incorporating green energy in their domestic energy mix as well as exports through an agreement on the sidelines of COP Summit in Baku.
Kazakhstan President Kassym-Jomart Tokayev, President of Azerbaijan Ilham Aliyev, and President of Uzbekistan Shavkat Mirziyoyev signed a strategic partnership agreement on production and transfer of green energy on Wednesday on the sidelines of the World Leaders Climate Action Summit, held as part of the 29th Conference of the Parties to the UN Framework Convention on Climate Change ( COP29) in Baku.
This opens up new opportunities for integrating the countries’ energy systems and creating reliable corridors to supply green energy to the European and other markets.
Tokayev stressed that Kazakhstan prioritizes green energy in its strive for carbon neutrality. “We are working to reduce dependence on fossil resources, developing technological innovations, and creating infrastructure capable of supporting our environmental sustainability. Kazakhstan has reached agreements with foreign partners on green projects with a total capacity of 43 gigawatts (GW),” he said.
Mirziyoyev highlighted that the wind and solar energy that will be transmitted would help mitigate the impact on the climate.
Energy ministers of the three countries and Saudi Arabia also signed an executive program to cooperate in green energy development and transfer.
Besides, Kazakhstan, Azerbaijan, and China also signed an agreement on the establishment of an intermodal cargo terminal in the Port of Baku in Alat on the sidelines of the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) on Nov. 12.
According to the Kazakhstan Temir Zholy national railway company’s press service, the new terminal will include a multi-purpose cargo yard, a 5,000-square-meter indoor warehouse complex, and a container yard with a capacity of over 1,000 containers.
This initiative was made possible through Azerbaijan’s provision of a land plot, operating berths, and terminal capacities at the Port of Baku in Alat. The project aims to boost container train traffic via the Trans-Caspian International Transport Route, helping to cut delivery times, lower transportation costs, and reduce transshipment time.
This corridor will coexist with INSTC of which Azerbaijan and Kazakhstan are partners and Chabahar Port both of which connect Eurasia with India via Iran.
Kazakhstan President Kassym-Jomart Tokayev, President of Azerbaijan Ilham Aliyev, and President of Uzbekistan Shavkat Mirziyoyev signed a strategic partnership agreement on production and transfer of green energy on Wednesday on the sidelines of the World Leaders Climate Action Summit, held as part of the 29th Conference of the Parties to the UN Framework Convention on Climate Change ( COP29) in Baku.
This opens up new opportunities for integrating the countries’ energy systems and creating reliable corridors to supply green energy to the European and other markets.
Tokayev stressed that Kazakhstan prioritizes green energy in its strive for carbon neutrality. “We are working to reduce dependence on fossil resources, developing technological innovations, and creating infrastructure capable of supporting our environmental sustainability. Kazakhstan has reached agreements with foreign partners on green projects with a total capacity of 43 gigawatts (GW),” he said.
Mirziyoyev highlighted that the wind and solar energy that will be transmitted would help mitigate the impact on the climate.
Energy ministers of the three countries and Saudi Arabia also signed an executive program to cooperate in green energy development and transfer.
Besides, Kazakhstan, Azerbaijan, and China also signed an agreement on the establishment of an intermodal cargo terminal in the Port of Baku in Alat on the sidelines of the 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) on Nov. 12.
According to the Kazakhstan Temir Zholy national railway company’s press service, the new terminal will include a multi-purpose cargo yard, a 5,000-square-meter indoor warehouse complex, and a container yard with a capacity of over 1,000 containers.
This initiative was made possible through Azerbaijan’s provision of a land plot, operating berths, and terminal capacities at the Port of Baku in Alat. The project aims to boost container train traffic via the Trans-Caspian International Transport Route, helping to cut delivery times, lower transportation costs, and reduce transshipment time.
This corridor will coexist with INSTC of which Azerbaijan and Kazakhstan are partners and Chabahar Port both of which connect Eurasia with India via Iran.
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