“Liberated territories will require short-term investments in demining, creating infrastructure and forming human capital needed to create an environment where economic growth can take place. The challenges implying the new growth model, the need to transition towards renewables and a green economy are relevant everywhere, including the liberated territories,” he pointed out.
According to Nucifora, the difference here is that it is a restart in a way and there is a chance to use projects in Karabakh as a model in terms of creating a green economy-focused economic basis, which will anticipate climate change.
“So, the projects implemented in Karabakh can become a pilot, which may drive the transition towards a more energy efficient, greener economy across the country. It can lead the way in becoming a model for the rest of Azerbaijan,” he explained.