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Azerbaijan’s Energy Paradox: Fossil Fuel Expansion vs. Green Commitments
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Azerbaijan’s Energy Paradox: Fossil Fuel Expansion vs. Green Commitments
Wind generators in an open field, Azerbaijan. Adobe Stock. By Dr. Gubad Ibadoghlu, Visiting Senior Fellow at London School of Economics and Political Science (LSE) and a senior policy analyst at the Economic Research Center (ERC), Baku, Azerbaijan 12 March 2025 Azerbaijan’s oil and gas sector contributes 87.36% of the country’s export earnings, 30.6% of its GDP, and 49.38% of budget revenues. Rather than phasing out fossil fuels, the country is …
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