As part of the participation of the President of the Republic of Azerbaijan, Ilham Aliyev, in the Davos Economic Forum (WEF), the Minister of Economy attended the "Leaders’ Circle: Financing the Energy Transition – A New Horizon" session held within the framework of the World Economic Forum and held several meetings.
As part of the participation of the President of the Republic of Azerbaijan, Ilham Aliyev, in the Davos Economic Forum, Minister of Economy Mikayil Jabbarov attended the “Leaders’ Circle: Financing the Energy Transition – A New Horizon” session. During the session, discussions were held on the opportunities and key challenges for a successful energy transition, as well as issues related to financing the energy transition.
At the event, Minister of Economy Mikayil Jabbarov provided information on Azerbaijan’s active initiatives as a reliable partner in global energy security and sustainable energy supply, as well as its green energy transition strategy. The minister highlighted ongoing solar and wind energy production projects in the country and the potential for exporting green energy. The achievements of COP29, hosted by Azerbaijan, were also shared with the participants.
The Minister of Economy, Mikayıl Jabbarov, together with the Assistant to the President, Shahmar Movsumov, and the Executive Director of the State Oil Fund, Israfil Mammadov, held a meeting with Ricardo Hausmann, the Director of Harvard University’s "Growth Lab" International Development Center, within the framework of the Davos Economic Forum.
The meeting highlighted the importance of reducing carbon emissions and promoting renewable energy in the fight against global climate change. The significance of the global "Green Growth Portal," developed through the collaboration between the Ministry of Economy and Harvard University, was emphasized in terms of improving green transition strategies and promoting sustainable development. Discussions were held on the effective cooperation carried out within the framework of COP29 and future joint initiatives.
The positive outcomes of the reforms implemented in Azerbaijan's labor market and the incentive mechanisms applied in the tax system were highlighted. The parties discussed the importance of the analyses conducted in promoting a sustainable economy and explored future partnership opportunities.
Azerbaijan's Minister of Economy Mikayil Jabbarov held a meeting with the CEO of Saudi Arabia's "ACWA Power" company, Marco Arcelli, within the framework of the Davos Economic Forum.
The meeting explored the possibilities of increasing the share of renewable energy sources in Azerbaijan's energy ecosystem. The significance of joint initiatives and ongoing projects was discussed.
Minister Mikayil Jabbarov also met with the Chief Financial and Operating Officer of the US-based "Planet Labs PBC," Elish Johnson, during the DIF.
The company’s potential for widespread application of advanced technologies in sectors such as energy and infrastructure, agriculture, and others was discussed. The possibilities for enhancing productivity through the use of these technologies were shared.
The importance of resource optimization through the application of innovative solutions in energy, ecology, entrepreneurship, and other areas was emphasized, and the prospects for collaboration with the company were explored.
