BAKU, Azerbaijan, January 14. It’s extra
acceptable to depend on strengthening incentive-based mechanisms
slightly than coercive approaches in decarbonization efforts, stated
Elnur Soltanov, Azerbaijan’s Deputy Minister of Power, Pattern stories.
Talking on the panel session titled “Concrete Steps to
Decarbonization” on the Abu Dhabi Sustainability Week (ADSW) Summit
2026, organized by Masdar of the United Arab Emirates (UAE),
Soltanov shared his views on the function of the Convention of the
Events (COP29) within the decarbonization course of, Azerbaijan’s
insurance policies on this subject, and the Carbon Border Adjustment Mechanism
(CBAM) utilized by the European Union (EU) to imports of
carbon-intensive merchandise.
Referring to the place of President of the Republic of
Azerbaijan Ilham Aliyev on guaranteeing a simply power transition and
stopping decarbonization measures from constraining improvement,
the deputy minister emphasised that coercive approaches must be
prevented in favor of incentive-based mechanisms.
“Azerbaijan’s strategy to carbon taxation is predicated on
implementing decarbonization measures and the associated prices
domestically slightly than on the border, guaranteeing that the added
worth created immediately contributes to the nationwide economic system,”
Soltanov famous.
From January 11 by 15, 2026, Abu Dhabi Sustainability Week
convenes leaders from authorities, enterprise, and society to
delineate the forthcoming section of sustainable improvement. Beneath
the theme “The Nexus of Subsequent: All Programs Go,” ADSW will align
ambition with motion throughout innovation, finance, and human
assets, demonstrating how the world can progress with
assurance.
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