Climate and energy discussions with the future generations

On 29 November 2024, Brussels Energy Club Principle Representative Dr Marat Terterov gave a guest lecture on energy security, transition and sustainability in a rapidly changing world at Sumgayyit State University in the Republic of Azerbaijan.

The Brussels Energy Club prides itself on its knowledge transfer and educational activities in which it has been engaged around the world since the very first day of its establishment. The Club’s management and Advisory Board members are frequently invited to talk to students and host seminars for future energy leaders.

Sumgayyit State University is one of Azerbaijan’s largest tertiary educational institutions with a particular focus on producing qualified specialists for the oil, gas and renewable energy industries. Questions of energy policy, the role of governments and international organisations in setting the rules for global energy markets is a topic of increasing interest to the university’s student body. Following his introduction on this subject matter at a global level, Dr Terterov focused his discussion on the following areas in the form of implications for Azerbaijan:

• Case of classic balance between energy security and sustainability

• Energy producer in an era of sustainability

• High dependence on the oil and gas sector

• Ambitious renewable energy targets and efforts to attract FDI into wind and solar

• State monopolies and subsidies in oil, gas and electricity sector

• Partnerships with foreign investors and pro-business government

• Reform program in the power sector and efforts to liberalise the market

• Efforts to reduce dependence on gas fired electricity

• No regional power market at present

• Way forward following COP29 in Baku