World Bank supports Azerbaijan’s climate transition with carbon market roadmap
As climate change intensifies and global carbon emissions continue to rise, the urgency for coordinated international action has reached a critical point. While sustainable development remains a universal aspiration, it also poses challenges that transcend borders. Effectively addressing the climate crisis now depends not only on policy ambition but also on strategic alignment and global solidarity.
Azerbaijan, traditionally viewed through the lens of its oil and gas wealth, is increasingly repositioning itself as a proactive player in the global climate agenda. Despite its hydrocarbon legacy, the country is aligning national development goals with climate mitigation strategies - an approach that underscores the complexity of transitioning to a green economy while maintaining energy security.
This balancing act was on full display when Azerbaijan hosted the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change........
© AzerNews
