"The effect of the COVID-19 pandemic on global energy markets was unprecedented. Oil and gas demand plummeted to record lows last year. Ongoing measures to contain the spread of the virus continue to distort the market", said US Ambassador to Azerbaijan Lee Litzenberger at the 2021 Naval Postgraduate School Regional Energy Security Symposium held in Baku on September 10, 2021, APA reports.
"When the Biden Administration took office in January of this year, the President made it clear that climate change and advancement of renewable technologies will be among the issues front and center in U.S. foreign policy, As a testament to that commitment, President Biden signed an executive order on his first day in office for the United States to rejoin the Paris Agreement on climate change. The United States is dedicated to advancing renewable energy in global markets and reducing carbon emissions. And the United States, with our partners in the G7 and beyond, will continue to support the development of renewable energy infrastructure and technology around the world. Azerbaijan has tremendous solar and wind energy potential. More importantly, the basic infrastructure is in place for Azerbaijan to become a future supplier of hydrogen to European markets. New wind and solar projects demonstrate Azerbaijan's commitment to diversifying its energy resources and its willingness to play an active role in the fight against climate change", noted the minister.