Market reforms, efficiency measures and clean energy are vital for Azerbaijan to prepare for a prosperous and climate-resilient future
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Oil and gas continue to dominate Azerbaijan’s economy and provide most export and government revenue. While these resources have helped raise the country’s living standards remarkably since the late 1990s and remain plentiful, the long-term outlook for this economic model is becoming uncertain. This report assesses the energy sector and related economic challenges facing Azerbaijan and proposes several ways to respond by increasing the efficiency and diversity of domestic energy supply and use.