BAKU, Azerbaijan, November 30. The World Bank thinks that there are new opportunities for Azerbaijan to activate decarbonization process, Rolande Pryce, WB Regional Director for South Caucasus, told Trend.
“Decarbonization is in Azerbaijan’s best interest. We see an opportunity for this here, and this has already been set out in the country’s strategy. We are very specific in the report about areas of opportunity and, in this instance, for Azerbaijan, we speak about clean energy, energy efficiency, as well as agriculture and water resources, as areas where the country could take action now to have the greatest impact,” she said.
According to the regional director, in this regard, the newly published Country Climate and Development Report (CCDR) for Azerbaijan will be of high importance.
“This Country Climate and Development Report is a new core diagnostic of the WB. We have spent a lot of time doing analytical work as you know to inform how we engage with our clients and also to inform them on their policies and strategies. What we hope to get from this report is a sense of priorities and impactful actions that the country can take to reduce greenhouse gas emissions and to boost climate resilience while delivering on competitiveness on growth and inclusion in accordance with the country's development objectives,” Pryce explained.
She noted that the WB always takes into account Azerbaijan’s 2030 medium-term development plan as a sort of foundation, as well as the socio-economic development strategy that goes to 2026, to develop its recommendations.