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Home News Energy

Azerbaijan adopts law on energy efficiency with EU4Energy support

The Milli Mejlis, the Parliament of the Republic of Azerbaijan, adopted at the first reading the law 'On the Rational Use of Energy Resources and Energy Efficiency'.

Author: AzeMedia
June 29, 2021
in Energy
Reading Time: 1 min read
Снимок экрана 2021-06-29 в 16.46.28

The draft was developed with the technical assistance of the Energy Charter Secretariat within the EU-funded EU4Energy project.

The new law defines the state policy’s legal, organisational and economic foundations in energy efficiency and regulates efficient production, storage, transmission, distribution, sale and consumption of energy.

Among other provisions, the new law stipulates the development of the first National Energy Efficiency Action Plan (NEEAP) that has also been developed with the assistance of the Energy Charter Secretariat.

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A broader analysis conducted by the Government of Azerbaijan in cooperation with the EU4Energy project identifies that gradual increase of energy efficiency in all sectors of the economy during 2021-2025 can bring the following cumulative benefits for Azerbaijan:

  • Savings of natural gas: 3.5-4.2 bcm;
  • Increased export revenue: $666-787 mln;
  • CO2 emissions reduction: 4-10  MtCO2;
  • Reduction of budget subsidies: $491-$981 mln;
  • New investments: $2.5-$3.4 mln;
  • Creation of new jobs: 118,000-123,000.

EU4Energy is an EU-supported initiative providing technical assistance to the Eastern Partner countries that seek to enhance their energy sectors with best EU practices.

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Aze.Media offers an independent and strategic insight on socio-cultural, political and economic life in Azerbaijan. We are thinkers of diverse disciplines spread across countries working together as one team to provide international audiences with an alternative point of view on Azerbaijani and foreign realities.

Email: editor@aze.media


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