Much has already been said about how much Russia has earned from selling oil and gas to Europe during the years of the war in Ukraine. Yet the issue remains highly topical: today, amid a sharp rise in fossil fuel prices, Russia continues to sell these resources to the West and generate substantial income.

Azerbaijan is moving to reduce its reliance on natural gas for electricity generation as it accelerates its clean energy transition. Speaking at a roundtable at ADA University on International Clean Energy Day, Deputy Minister of Energy Elnur Soltanov said the country currently consumes about 15 billion cubic meters of gas annually, with one-third used for power generation — a volume larger than the total gas consumption of some European nations.

Azerbaijan is placing strong emphasis on attracting private investment into renewable energy as part of its broader climate and sustainability strategy, the UN’s resident coordinator in the country said on Thursday.

The Government of the Republic of Azerbaijan and the Clean Energy Center of the Economic Cooperation Organization (ECO) have signed a Host Country Agreement.

Rising demand for clean energy technologies to fight climate change is shaping the future with investments in critical minerals, whose demand is set to triple by 2040, according to the International Energy Agency’s Global Critical Minerals Outlook report.

Britain reached a new milestone in 2024, producing its cleanest electricity on record, with fossil fuel generation at an all-time low and renewable energy reaching unprecedented levels, a new study revealed.

UAE's Masdar is nearing a deal to acquire the Spanish renewable energy company Saeta Yield SA from Brookfield Asset Management, according to sources familiar with the discussions.

Azerbaijan is committed to accelerating the transition to clean energy and securing additional sources of financing, COP29 Chief Negotiator Yalchin Rafiyev said in an interview with the “Presse”, News.Az reports.

Investment in zero-carbon energy technologies including renewables will be twice that devoted to fossil fuels this year, said the International Energy Agency (IEA), News.Az reports citing Upstream Online newspaper.

The small hydropower plant (HPP) in Azerbaijan's Lachin will boost the supply of clean energy to the region, Deputy Minister of Economy Anar Akhundov said during a ceremony for the foundation-laying of projects for the rehabilitation and operation of small hydropower plants in Lachin on June 1, News.az reports.