BAKU, Azerbaijan, January 14. It is more
appropriate to rely on strengthening incentive-based mechanisms
rather than coercive approaches in decarbonization efforts, said
Elnur Soltanov, Azerbaijan's Deputy Minister of Energy, Trend reports.
Speaking at the panel session titled “Concrete Steps to
Decarbonization" at the Abu Dhabi Sustainability Week (ADSW) Summit
2026, organized by Masdar of the United Arab Emirates (UAE),
Soltanov shared his views on the role of the Conference of the
Parties (COP29) in the decarbonization process, Azerbaijan’s
policies in this field, and the Carbon Border Adjustment Mechanism
(CBAM) applied by the European Union (EU) to imports of
carbon-intensive products.
Referring to the position of President of the Republic of
Azerbaijan Ilham Aliyev on ensuring a just energy transition and
preventing decarbonization measures from constraining development,
the deputy minister emphasized that coercive approaches should be
avoided in favor of incentive-based mechanisms.
“Azerbaijan’s approach to carbon taxation is based on
implementing decarbonization measures and the related costs
domestically rather than at the border, ensuring that the added
value created directly contributes to the national economy,”
Soltanov noted.
From January 11 through 15, 2026, Abu Dhabi Sustainability Week
convenes leaders from government, business, and society to
delineate the forthcoming phase of sustainable development. Under
the theme “The Nexus of Next: All Systems Go,” ADSW will align
ambition with action across innovation, finance, and human
resources, demonstrating how the world can progress with
assurance.
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