Energy Outlook for Asia and Pacific through 2035 published by the Asian Development Bank promises nothing good to the alternative in Azerbaijan.
According to the ADB Outlook, the alternative energy will ensure a minor increase in the share of new and renewable energy in the alternative case at 0.6% in 2035, in contrast to BAU at 0.1% in the same year.
The installed capacity for wind energy may stay at 106 MW. In the alternative case, Azerbaijan’s electricity generation in 2035 will be about 12% lower at 33.9 TWh in 2035, compared with that of BAU at 38.5 TWh.
At that, the domestic energy sector will remain “gas”: electricity generation in the alternative case is almost identical to that of BAU in 2035, with a slight contraction of the natural gas share in 2035 at 90.5% compared with BAU at 91.8%.
The Bank points out that the projects are currently curtailed by limited financial availability. Because of the country’s cost competitiveness in hydrocarbon resources, prospects for introducing more new and renewable energy sources are low, even in the alternative case.—0--
Economics
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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Azerbaijan’s Cabinet of Ministers has approved new hourly wage rates for educational staff involved in teaching activities at state-funded institutions, effective immediately. The decision, formalized under Decree No. 542, outlines differentiated payments based on academic qualifications and teaching levels.
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The government of Azerbaijan approved new regulations regarding the leasing of agricultural lands in liberated territories to residents of villages and settlements on preferential terms. This initiative aims to revitalize rural communities and stimulate agricultural production.
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As a significant step toward strengthening Azerbaijan's position in global trade, the "International Trade" working group of the Commission on Business Environment and International Rankings held a videoconference to review progress achieved and set objectives for 2025. Key participants included the First Deputy Minister of Economy, Elnur Aliyev; the Head of the Economic Reforms Monitoring and Evaluation Sector, Vusal Shikhaliev; and the Deputy Chairman of the State Customs Committee, Natig Shirinov.
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