Azerbaijan Pursues Renewable Energy Expansion Amid Oil and Gas Dependence
Source Summary
Azerbaijan, a major global oil producer since the mid-19th century, is diversifying its energy mix by increasing renewable energy capacity as host of COP29 in 2024. Natural gas supplied 67% of the country's energy in 2023, while oil and oil products accounted for 31.1%. The shift reflects a strategic effort to reduce reliance on fossil fuels despite their historical importance to the economy.
Why it matters
Azerbaijan's renewable energy push signals a major fossil fuel producer's commitment to energy transition, with potential implications for global climate goals and the country's long-term economic strategy.
