Although the hydrocarbon-fueled growth model has delivered substantial gains, Azerbaijan today acknowledges both its constraints and the opportunities arising from the clean energy transition. Azerbaijan’s economy remains heavily dependent on fossil fuels. While the 2000-2010 surge in oil and gas production tripled per capita gross domestic product (GDP) and led to gains in poverty and human development (Figure ES.1), the 2014 collapse in oil prices...
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DETAILS
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2023/11/01
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Country Climate and Development Report
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186043
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1
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2023/11/28
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Disclosed
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Azerbaijan - Country Climate and Development Report
Citation
World Bank Group.
Azerbaijan - Country Climate and Development Report (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099112723161524095