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Azerbaijan debates introduction of carbon emissions tax

Economy Materials 31 October 2024 13:55 (UTC +04:00)
Azerbaijan debates introduction of carbon emissions tax
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, October 31. The question of implementing a carbon emission tax in Azerbaijan has gained prominence in recent years, a topic that was previously seldom discussed or mentioned only in specialized literature, Deputy Minister of Economy of the Republic of Azerbaijan Samad Bashirli said at the 5th Dialogue on Sustainable Development Goals, titled "Future Echoes: Bridging Pathways for Climate Change and Global Goals," in Baku, Trend reports.

He stated that if all countries adopt a carbon emission tax, Azerbaijan will have no choice but to follow suit.

"There is no doubt that this will inevitably impact the real sector. However, we cannot operate in an integrated manner within the global economy without considering global realities. We must take these realities into account."

The potential contributions we can make with our available resources—whether financial, investment, or commercial—are clear. These contributions need to increase. But our resources are limited. In this case, it is essential to enhance synergy among these areas. While this may sound appealing and straightforward, it is far more complex. It requires mobilizing efforts on both global and national levels," he added.

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