Economics

The Baku International Sea Trade Port (BMMTP) will host the construction of a solar photovoltaic (PV) system to supply electricity to a new battery energy storage system (BESS), port officials said.

Leading energy companies TotalEnergies, BP, Shell, and Equinor announced a joint investment commitment of $500 million to accelerate the development of sustainable renewable and alternative energy sou...

Chinese firm Universal International Holdings Limited has secured Azerbaijan's inaugural open international tender for renewable energy projects, marking a significant milestone in the country’s push...

Azerbaijan Caspian Shipping Company (ASCO) has installed the EcoPilot system by UAE-based QTAGG to reduce fuel consumption and greenhouse gas emissions, QTAGG's Commercial Director Per Österberg said...

Azerbaijan Railways CJSC (ADY) has signed a climate commitment document with the International Union of Railways (UIC) during the event "Towards a Sustainable Future with Transport Corridors: Railways...

In Azerbaijan, it is expected that the state will regulate the price of AI-95 gasoline. This was mentioned by Rauf Qurbanov, head of the Economics Department at the Ministry of Energy, during a meetin...

Natural gas currently meets 23% of global primary energy needs and plays a critical role in driving economic growth, improving living standards, and achieving environmental goals, according to Mohamme...

Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, outlined ambitious plans for the growth and digitalization of the Middle Corridor during a ministerial roundtable on "Sustai...

The Trump administration may seek to reduce U.S. funding for the International Energy Agency (IEA) or appoint a U.S. envoy to influence the agency’s methodology on fossil fuel forecasting, according t...

BAKU, Nov 20 (Reuters) - The United Nations COP 29 climate summit in Baku is unlikely to conclude on its scheduled date of Nov. 22, as key agreements, including the New Collective Quantitative Goal (N...

Azerbaijan plans to construct two advanced data centers utilizing carbon-neutral technologies and sustainable materials, the Ministry of Digital Development and Transport announced. The facilities, to...

In a bid to bridge the gap between technology and education, global social media giant TikTok has unveiled plans to enhance educational opportunities for Azerbaijan's citizens. Representatives of the...

Azerbaijan Caspian Shipping Company (ASCO) has achieved a 20% reduction in emissions compared to 2022 levels, exceeding the International Maritime Organization’s (IMO) 2030 target, ASCO Chairman Rauf...

Nationally Determined Contributions (NDC) 3.0 are the most critical political documents for each United Nations member state to combat greenhouse gas emissions, Simon Stiell, Executive Secretary of th...

Azerbaijan has taken a significant step towards advancing its renewable energy ambitions with the signing of a Memorandum of Understanding (MoU) between the State Agency for Renewable Energy Sources (...

BAKU, Nov 20 (Reuters) - Azerbaijan aims to fully electrify its bus fleet by 2030 as part of its commitment to sustainable urban transport, Digital Development and Transport Minister Rashad Nabiyev an...