Azerbaijan's government plans to collaborate with stakeholders, prepare a carbon tax draft law, and align business practices with global climate agenda.
Azerbaijan's government is ready to collaborate with all stakeholders to assist companies in financing their energy transition, according to Deputy Economy Minister Sahib Mammadov. The country is also preparing a draft law on carbon taxes application, with President of COP29 Mukhtar Babayev stating that the EU will introduce a carbon tax on products from carbon-intensive industries. Azerbaijan is open to receiving proposals from the private sector to align business practices and laws with the global climate agenda.
May 17, 2024
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