Transformation of Production Systems in Azerbaijan through Green Economy Principles
1Department of Industrial Economics, Azerbaijan State Oil and Industry University, Azerbaijan
2Department of Economics of Industry, Azerbaijan State Oil and Industrial University, Azerbaijan
3Department of Economic Theory, National University of Uzbekistan named after Mirzo Ulugbek, Azerbaijan
4Department of Business and Logistics, Azerbaijan State Oil and Industrial University, Azerbaijan
*Author to whom correspondence should be addressed:
E-mail: mushfig.guliyev.example@university.edu (MG)
E-mail: mushfig.guliyev.example@university.edu (MG)
Received: December 11, 2024 | Revised: April 30, 2025 | Accepted: May 14, 2025 | Published: June 2025
Abstract
The purpose of this study was to assess the transformation of production systems in Azerbaijan in the context of the introduction of green economy principles. The research highlights significant progress in managing water resources, improving water use efficiency, and enhancing waste management. Statistical data indicate that between 1990 and 2022, the water intake from natural resources decreased by 14%, while the volume of recycled water increased by 63%, reflecting greater resource efficiency. Additionally, the ratio of safely treated wastewater rose by 12.6 percentage points, from 43.6% in 2016 to 56.2% in 2022, demonstrating improvements in water treatment practices. Despite these successes, challenges remain, particularly in the management of increasing waste volumes, which have grown by 222% from 2000 to 2022. The study concludes that while Azerbaijan has made substantial strides towards a green economy, further efforts are required to address the waste management issues and to continue improving resource efficiency, with an emphasis on strengthening collaboration between public authorities and private enterprises.
Keywords
sustainable development ; resource efficiency ; external environment ; waste minimisation ; latest technologies
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