Azerbaijan Sets Up Joint Ventures With Foreign Companies Within Smart City And Green Energy Zone Concepts - Minister
Date
9/25/2024 3:08:57 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 25. Azerbaijan is
creating joint ventures with foreign companies as part of its
"smart city" and "green energy zone" concepts, Azerbaijan's Economy
Minister Mikayil Jabbarov said at the international forum on carbon
pricing in Baku, Trend reports.
He highlighted that Azerbaijan is actively working to develop
hydropower potential in Karabakh and Eastern Zangezur.
"In the territories liberated from occupation, we are
implementing the concepts of 'smart city,' 'smart village,' and
'green energy zone'. These initiatives involve creating enterprises
with foreign investments focused on greening and decarbonization
efforts. At the same time, Azerbaijan is dedicated to enhancing its
hydropower potential capacity in these regions," Jabbarov
stated.
Furthermore, he emphasized that Azerbaijan is committed to
transitioning to a circular economy.
"In light of global climate changes, the government continues to
support the shift to a circular economy, the implementation of
clean technologies, the use of renewable energy sources, as well as
waste recycling and the cleanup of polluted areas. This process
will continue. Entrepreneurs involved in 'green' projects can
expect support through subsidized loans, grants, and 'Startup'
certificates, which stimulate the development of environmentally
sustainable initiatives in the country," the minister added.
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