UN General Assembly
2022

We pursue transformational changes in remodelling our economy to make the transition to a green and circular economy. The clean environment and green growth have been identified as among the five priority areas of our new national development strategy. This transition stands high on our development agenda, despite the fact that the oil and gas sector plays a significant role in our economy. It is against that backdrop that the non-oil sector of Azerbaijan rose by 11 per cent in the first half of 2022, triggering an increase in our gross domestic product by 7.2 per cent. Currently, Azerbaijan is one of the few countries worldwide that are gradually mainstreaming sustainable energy into its development agenda, while being a reliable hydrocarbons exporter to international markets. We will increase our profile in that regard, including by introducing new elements of alternative and renewable energy as well. A recently concluded European Union-Azerbaijan memorandum of understanding on a strategic partnership in the field of energy is a good example of Azerbaijan’s constructive input into global energy security.