World Bank might provide financial support for increasing energy efficiency of buildings in Azerbaijan

Buildings in Azerbaijan account for 38% of energy consumption, which is higher than the global indicator, said Florian Kitt, the World Bank's senior energy specialist, Report informs.

He made the remark at the second annual report meeting of the Azerbaijan Rapid Technical Assistance Facility (AZTAF) financed by the European Union (EU) and managed by the World Bank (WB).

Kitt stressed that if industry and other fields are included, this figure will reach 50%:

The specialist added that globally, buildings account for approximately 30% of total energy usage. The outdated and inefficient heating systems from the Soviet period present a significant challenge that should be addressed.

According to him, the World Bank is prepared to offer essential assistance to Azerbaijan to tackle these inefficiencies. Currently, a strategic plan is being developed to address these concerns. The World Bank is also open to discussing and planning financial assistance through loans in the forthcoming years to establish a robust infrastructure for this purpose.