Azerbaijan to Develop Its First National Low-Carbon Hydrogen Strategy
Azerbaijan will develop its first National Strategy for Low-Carbon Hydrogen as part of its decarbonization efforts, with plans to replace "grey" hydrogen with "green" hydrogen, Rena Humbatova, Deputy Director of the State Agency for Renewable Energy Sources (BOEMDA), said during discussions at Baku Climate Week.
She noted that Azerbaijan has long produced "grey" hydrogen (derived from natural gas splitting into carbon and hydrogen), which is used in oil refining to clean gasoline and diesel. "Currently, new units for producing 'grey' hydrogen are operational at the Oil Refinery name after H. Aliyev, leading to increased production. Many oil and gas companies are exploring the possibility of replacing 'grey' hydrogen with 'green' hydrogen as they pursue decarbonization," Humbatova said. She acknowledged that the price of "green" hydrogen is higher, but its production is cleaner, resulting in lower CO2 emissions.
Energy
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"We need an agreement on a new ambitious climate finance goal here in Baku. Through various components, this goal should mobilize the funding necessary for developing countries," United Nations Secretary-General António Guterres stated at a media briefing at COP29 on November 21.he said.
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A balanced energy transition is key to global sustainability, said Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), in his speech at a high-level meeting during COP29. He emphasized the continuing importance of oil and gas in meeting global energy needs, calling for a balanced and inclusive approach to the energy transition.
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Natural gas currently satisfies 23% of global primary energy needs, said Mohammad Hamel, Secretary-General of the Gas Exporting Countries Forum (GECF), at the COP29 summit. He emphasized the indispensable role of natural gas in the global energy landscape, noting its contribution to economic growth, environmental sustainability, and food security.
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The European Union (EU) has warned participants at the 29th UN Climate Change Conference (COP 29) in Baku that any backsliding on the commitments made last year at COP 28 in Dubai regarding the transition away from fossil fuels would be unacceptable. The EU insists that a similar commitment be included in the final decisions of this year’s conference.
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