dc.contributor.author	World Bank
dc.date.accessioned	2022-09-28T15:31:28Z
dc.date.available	2022-09-28T15:31:28Z
dc.date.issued	2022-09
dc.description.abstract	The welfare and economic growth of Azerbaijan’s development trajectory based on fossil fuel extraction has come at the expense of the environment, other non-oil industries, and human capital growth. Due to its lack of economic diversification, the country is highly vulnerable to transition risks, volatility of fossil fuel markets, and climate change. This note, produced in support of Azerbaijan’s ambition for green growth, identifies how increased climate action and greening of a number of sectors have the potential to spur diversification of Azerbaijan’s economy, contribute to addressing sector- and country-specific environmental challenges and goals, reduce greenhouse (GHG) emissions, address the identified physical and transitional climate risks and vulnerabilities, and strengthen long-term climate resilience of the country. Investments in resource efficiency, sustainable intensification of agriculture, better land use and urban planning, water and waste management, switching to cost-effective renewable energy, and research on low-carbon hydrogen and Caspian maritime space are the green measures that can have an immediate positive impact on Azerbaijan’s economy and the environment. The first stage in identifying areas for wealth development will be a comprehensive green growth and asset diversification strategy, informed by detailed sectoral analysis and supported by capable institutions. Once mobilized by public sector interventions through policies to enable and incentivize green investments and green finance instruments, private enterprises will take the lead in relocating capital to green supply chains, creating jobs and building human capital while increasing the focus on innovation and efficiency. Cutting system leak emissions in the oil and gas industry could contribute significantly to reducing GHG emissions at lower costs. Enhancing the environmental performance of enterprises will be made possible by promoting eco-efficient policies and investments in cleaner production and technologies. Beginning now and leveraging this transition to green growth and diversification through the use of public resources and revenues from fossil fuel exports, Azerbaijan can mitigate certain short-term difficulties and promote long-term sustainable growth to ensuring a cleaner environment and economic prosperity.	en
dc.identifier	http://documents.worldbank.org/curated/en/099015009262240807/P17722702ab6b909b08f830b6d25dc3d6b2
dc.identifier.doi	10.1596/38073
dc.identifier.uri	https://hdl.handle.net/10986/38073
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	GREEN GROWTH
dc.subject	CLIMATE RESILIENCE
dc.subject	GHG EMISSIONS
dc.subject	HUMAN CAPITAL
dc.subject	ENERGY SECTOR
dc.subject	BLUE ECONOMY
dc.subject	TRANSPORT
dc.subject	AGRICULTURE
dc.subject	FOREST SECTOR
dc.subject	ECOSYSTEM SERVICES
dc.title	Azerbaijan : Towards Green Growth - Issues Note	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Azerbaijan : Towards Green Growth - Issues Note
okr.date.disclosure	2022-09-27
okr.date.doiregistration	2025-05-07T12:23:55.829125Z
okr.date.lastmodified	2022-09-27T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Country Environmental Analysis (CEA)
okr.docurl	http://documents.worldbank.org/curated/en/099015009262240807/P17722702ab6b909b08f830b6d25dc3d6b2
okr.guid	099845010192240217
okr.guid	099015009262240807
okr.identifier.externaldocumentum	P177227-2ab6b9a9-8483-4a9b-8f83-b6d25dc3d6b2
okr.identifier.internaldocumentum	33906813
okr.identifier.report	176376
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099015009262240807/pdf/P17722702ab6b909b08f830b6d25dc3d6b2.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Azerbaijan
okr.topic	Agriculture::Climate Change and Agriculture
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Macroeconomics and Economic Growth::Climate Change Economics
okr.unit	ECA ENR PM (SCAEN)

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Azerbaijan : Towards Green Growth - Issues Note