Azerbaijan's Economy Minister announces tax policy to support decarbonization and green projects.

Azerbaijan's Economy Minister, Mikayil Jabbarov, announced a comprehensive tax policy to support decarbonization and alternative energy development, emphasizing clean technologies and recycling. The government is promoting green projects through loans and grants while negotiating with international organizations to establish a carbon tax. Azerbaijan aims to attract private investment, enhance its renewable energy sector, and host COP29 to address climate finance and fiscal instruments in decarbonization.

September 25, 2024
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