BAKU, Azerbaijan, October 20. The European
Union is keen to cooperate with Turkmenistan on renewable energy,
energy efficiency, and climate change mitigation, a source from the
European Commission told Trend.
“The EU is very eager to keep exchanging views with Turkmenistan
on topics related to sustainable energy and climate change
mitigation, including the promotion of renewable energy and energy
efficiency, as well as the abatement of methane emissions,” the
source said.
The official noted that the EU is accelerating its own
transition to renewable energy and improving energy efficiency,
aiming to become the first climate-neutral continent by 2050.
“We therefore expect continuously declining demand for gas
imports over the coming decades, which might also impact the need
for additional supplies from Turkmenistan,” the representative
added.
The source highlighted that while the EU no longer supports
investments in international fossil fuel projects via its budget,
there is strong potential for cooperation on low-carbon energy
projects and decarbonized products.
“EU regulations no longer allow supporting investments in
international fossil fuel projects via the EU budget. At the same
time, we see strong potential to cooperate on accelerating economic
opportunities stemming from increased demand for renewable and
low-carbon energy and decarbonised products,” the source said.