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Building Resource-Efficient Economy in Azerbaijan

Building Resource-Efficient Economy in Azerbaijan
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Author(s): Ulviyye Rzayeva (Azerbaijan State University of Economics, Baku, Azerbaijan)and Rena Huseynova (Azerbaijan State University of Economics, Baku, Azerbaijan)
Copyright: 2026
Pages: 26
Source title: Value Creation and Circular Business Models for Resource Scarcity
Source Author(s)/Editor(s): Muhammad Suhrab (Huazhong University of Science and Technology, China)and Syed Kamran Sherazi (University of Kotli Azad Jammu and Kashmir, Pakistan)
DOI: 10.4018/979-8-3373-1117-3.ch008

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Abstract

This study analyzes the current state and prospects for the development of the circular economy in Azerbaijan. The findings indicate that the absence of a comprehensive legislative framework hinders the establishment of a closed-loop resource utilization system, while the existing fragmented regulations reduce the effectiveness of implementing environmentally sustainable solutions. A key aspect of transitioning to a circular model is fostering partnerships between enterprises, including the creation of industrial symbioses, where the waste of one company serves as raw material for another. Government support for such initiatives, along with the reform of public procurement systems incorporating environmental criteria, can encourage businesses to adopt secondary resources and energy-efficient technologies. The implementation of a comprehensive approach, the promotion of innovative solutions, and economic support measures will establish a solid foundation for Azerbaijan's successful transition to a circular economy.

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