Mikayil Jabbarov: Azerbaijan supports transition to circular economy

Given global climate change, the Azerbaijani government supports the transition to a circular economy, the introduction of clean technologies, the promotion of clean energy sources, and projects to recycle and clean up polluted areas, Azerbaijani Economy Minister Mikayil Jabbarov said at an international conference on carbon assessment organized by the State Tax Service in Baku, Report informs.

He noted that entrepreneurs' "green projects" are supported by preferential loans, grants, and "Startup" certificates.

"Steps have been taken in the liberated lands to apply the concepts of "smart city", "smart village" and "green energy zone", as well as to create enterprises with foreign investment in the field of greening and decarbonization in these territories," the minister added.

He said that at COP29, stakeholders will be widely informed about the implementation of projects based on the concepts of "Carbon Neutrality" in the Karabakh and East Zangazur economic regions: "The priority is to develop the renewable energy sector through foreign investment, transform the liberated territories from a gray zone into a "green energy" zone, and the Caspian Sea into a center for the production and export of "green energy."