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Many green technologies still require high investment, stresses Deputy Energy Minister

Elnur Soltanov, Deputy Minister of Energy of Azerbaijan

29 September 2025 12:44 (UTC +04:00)

“Our goal is to achieve Net-Zero by 2050 and adhere to the 1.5°C limit,” said Elnur Soltanov, Deputy Minister of Energy, on the opening day of the 2nd Baku Climate Action Week (BCAW), APA-Economics reports.

He emphasized that the main role of governments is to engage the private sector in this effort.

“The transition is not possible without market forces. Governments and funds must support the process, provide initial financing, and activate market mechanisms, as many green technologies are still expensive and the market does not naturally select them,” the deputy minister stated.

Shukran Mammadov

Azerbaijan Elnur Soltanov Baku Climate Action Week BCAW energy transition Net-Zero 2050 climate goals 1.5°C target green technologies renewable energy government support private sector sustainable development climate finance