Bank Of Baku

Executive director: Regional sustainable energy centers can help address existing gaps

Executive director: Regional sustainable energy centers can help address existing gaps
# 20 May 2026 13:23 (UTC +04:00)

"The State Agency on Renewable Energy Sources of Azerbaijan is actively working to promote “green” construction practices and tighten construction standards," Aysel Yagubova, Executive Director of the Economic Cooperation Organization Clean Energy Center, said during the event titled “Decarbonizing Housing and Buildings in the Context of the Urban–Industry–Climate Nexus,” organized by the United Nations Industrial Development Organization within the framework of WUF13, APA reports.

She noted that the introduction of better insulation and metering systems is mandatory in order to reduce the high dependence on natural gas for heating in new residential and public buildings.

“We can observe this in examples from other countries as well. Although countries implement these measures at the local level, regional sustainable energy centers such as the Economic Cooperation Organization Clean Energy Center (CECECO) are uniquely positioned to serve as a bridge between global ambitions and local implementation realities,” she said.

She also spoke about financing challenges in this area:

“This remains one of the most persistent barriers. Although many energy efficiency measures provide long-term savings, they require substantial upfront investment. Preparing attractive and bankable projects for investors poses a challenge for both developers and local authorities. Another major issue is the lack of capacity in many regions.

Regional sustainable energy centers can contribute precisely to addressing these gaps. Through policy exchange, technical support, and capacity building, CECECO can assist countries. Regional platforms can also help identify scalable solutions, connect stakeholders with development partners and financial institutions, and facilitate access to sustainable financing mechanisms. Most importantly, they can help build a portfolio of investment-ready projects. Because finance is directed not toward ideas alone, but toward well-structured, technically grounded, and replicable initiatives.

Ultimately, the transition to low-carbon buildings cannot be achieved through a single technology or institution. This transition requires integrated approaches that combine policy, innovation, finance, and regional cooperation,” she emphasized.

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