BAKU, Azerbaijan, August 8. Latvia sees
potential for fruitful cooperation with Azerbaijan in renewable
vitality sector, the Ministry of Overseas Affairs of Latvia informed
Development.

“Making certain investments in sustainable vitality capacities, notably
wind- and solar-based era, are perceived as a strategic
precedence in cooperation with Azerbaijan. There’s a large potential
within the areas of analysis and improvement, data switch and
technological trade, in addition to photo voltaic set up improvement,”
the supply stated.

In line with the ministry, Latvia shares the pan-European
ambition of lowering dangerous emissions and reaching a
carbon-neutral macroeconomic output by 2050. The position of pure
gasoline within the Latvian home vitality combine had been reducing over the
final decade as a result of market, technological and regional components. The
essential supply of renewable vitality in Latvia is biomass, adopted by
vitality generated by hydroelectric vegetation.

Latvia welcomes the brand new gasoline deal signed between the European
Union and Azerbaijan on July 18, 2022, to ship 20 billion cubic
meters of pure gasoline to the EU yearly by 2027.

“The Authorities of Latvia has agreed to cease shopping for and utilizing
Russian pure gasoline as of January 1, 2023. The choice is a
historic milestone in the direction of the strengthening of Latvia’s vitality
safety and independence. Discovering various gasoline provides to the
EU and diversification of vitality sources to counteract the unfavourable
results of scenario in Ukraine are the highest priorities on the
agenda of the Authorities of Latvia,” the ministry added.

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