The Baku Energy Week is a very important forum ahead of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), U.S. President Joe Biden said in his address to the participants of Baku Energy Week.
The letter was read out by Senior Advisor for Multilateral Energy Diplomacy of the Bureau of Energy Resources of the US Department of State Harry Kamian.
"I am delighted that you are once again hosting Baku Energy Week, showcasing Azerbaijan's transformative role in the global energy landscape. This year's events gain significance as Baku prepares to host the pivotal COP29 in November," Biden said.
COP29 offers Azerbaijan a rare chance to push global efforts, such as reducing methane and oil and gas emissions, and fostering the transition to clean energy, the U.S. leader stressed.
Biden emphasized Azerbaijan's continued importance as a cornerstone of global energy security, particularly for Europe.
"Regional stability and connectivity are top priorities for the United States. A lasting and dignified peace agreement, ending decades of conflict, will transform the South Caucasus and fundamentally magnify Azerbaijan's role in the region. The U.S. is committed to supporting this noble effort. We owe it to future generations to ensure that peace and prosperity remain our guiding principles," Biden said.
The letter also highlighted the significant potential of wind energy from the Caspian Sea, suggesting a future where Azerbaijan's clean energy exports surpass its oil and gas exports.
"Caspian gas extraction spans an increasing number of nations, aiding European countries in diversifying energy sources and expediting their shift away from hydrocarbons," Biden said.
The U.S. President welcomed the opportunity to strengthen Azerbaijan-U.S. bilateral relationship and extended his best wishes for a successful Baku Energy Week
