BAKU, Azerbaijan, May 23. International analytical company Bloomberg considers investment in renewable energy sources in emerging markets promising, sharing its relevant recommendations during an event in Baku on "World of Commodities and Energy Transition", Trend reports from the scene.
Speaking on the topic of renewable energy development and the energy transition, Sofia Maia, the head of one of Bloomberg’s relevant analytical teams, said that in 2023, the most attractive countries for investment in renewable energy were India, Chile, China, the Philippines, and Brazil.
However, according to her, this year, the list of countries attractive for such capital investments may expand.
"From 2021 through 2023, the clean energy production policies in countries considered emerging markets have yielded positive results. Specifically, these countries have been moving more quickly towards their 'green' transformation goals, holding more auctions for the creation of renewable energy facilities, and adjusting their tariff policies, that is, understanding of the need to respond promptly to climate change for a better future grows," Maia emphasized.
In her opinion, achieving growth in renewable energy production requires increasing climate commitments for fossil fuel producers (including them in licensing agreements), holding more auctions for technology diversification, expanding the capacity of electricity reception systems (grids and infrastructure) to create opportunities for supplying them with 'green' energy (both within each individual country and by laying regional interconnectors for 'green' energy), addressing legal issues, and implementing long-term renewable energy projects.
Maia added that these Bloomberg recommendations could be useful for Azerbaijan, which is actively developing renewable energy sources.
