From oil reliance to renewable energy: Azerbaijan's economic shift [ANALYSIS]

Azernews.Az

4 March 2025 08:30 (UTC+04:00)

Nazrin Abdul

As Azerbaijan grapples with the need for economic diversification, its journey mirrors the broader concept of creative destruction, where established sectors, such as oil and gas, make way for emerging industries and technologies. By leveraging innovation, particularly in sectors like renewable energy, Azerbaijan is positioning itself for a more sustainable future, reducing its dependence on fossil fuels, and embracing disruptive technologies as a driver for long-term prosperity.

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