Kazakhstan will open the Centre to study and apply best world experience for creation of energy of the future, said Kazakh Minister of Environment and Water Resources Nurlan Kapparov.
He believes that the centre will help to understand the long-term perspectives of energy development, minimize the risks and guarantee energy safety of the country.
“One of the options is to create the Institute on the basis of the Energy Studies Centre under the Nazarbayev University, which has a logistics, laboratories, staff and the mechanism of attraction of world scientists,” Minister said.
He offered two possible approaches to determination of the Institute’s specialization.
“The first approach envisages search for the new types of energy on the basis of thermal nuclear synthesis and etc. The second approach envisages studying development of famous renewable sources of power, such as solar and wind, as well as new types of energy and the issues of further improvement of the existing technologies, generation, storage and transportation of energy,” Kapparov added.—0-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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