ADB: Azerbaijan becomes regional leader in decarbonization

Azerbaijan is becoming a leader in decarbonization in the region, team leader and energy specialist at the Asian Development Bank (ADB) Kangbin Zheng said at the presentation of a decarbonization project within the framework of cooperation between Azerbaijan Railways (ADY) and the ADB in Baku.

According to him, a favorable business environment for decarbonization in Azerbaijan has already been created: the legal framework, political guarantees, fiscal incentives, buyback mechanisms, market access, as well as financial and contractual protection.

The official noted that AYD has already tried various methods: using solar energy, improving energy efficiency through modernization, and expanding electrification.

“Our task now is to build on what the ADY has already achieved and accelerate the process. It's about assessing what has already been done well, what can be learned from other countries, and scaling it up over the next five years,” Kangbin Zheng said.