DOI: https://doi.org/10.36719/2663-4619/127/149-158
Sadaqat Ahmadova 
Nakhchivan State University
Nakhchivan, Azerbaijan
PhD in Economics
sedaqetehmedova@ndu.edu.az
Rahiba Abdulhasanova
Nakhchivan State University
Nakhchivan, Azerbaijan
PhD student
ebdulhesenovarahibe@ndu.edu.az
Tural Abdulhasanov
Azerbaijan State University of Economics
Baku, Azerbaijan
PhD in Economics
tural.abdulhasanov@unec.edu.az
Nushaba Nuriyeva
Academy of Public Administration under the
President of the Republic of Azerbaijan
Baku, Azerbaijan
PhD in Economics
nushaba.nurieva@mail.ru
Vasile Mohsumova
Nakhchivan State University
Nakhchivan, Azerbaijan
PhD in Philosophy
mohsumovavesile@ndu.edu.az
The Role of Investment Priorities in Ensuring Ecological
Sustainability in Azerbaijan's Economy
Abstract
This paper analyzes the identification of investment priorities and the steps towards the development of a green economy aimed at ensuring ecological sustainability in Azerbaijan's economy. In recent years, the economic reforms implemented by Azerbaijan, the adoption of ecological technologies, and investments in the renewable energy sector have not only increased the country's energy independence but also contributed to environmental protection and the enhancement of social welfare. The growing interest in alternative energy sources in Azerbaijan, particularly the projects implemented in the fields of solar and wind energy, has been a significant step in accelerating the transition to a green economy and ensuring the country's ecological sustainability. This paper discusses the investment sectors planned to accelerate the transition to a green economy and the reforms undertaken in these sectors.
Azerbaijan's ecological reforms in agriculture and water management are also a focal point. The reforms implemented in these sectors support the diversification of the economy by ensuring the efficient use of natural resources. The adoption of ecological technologies and the improvement of energy efficiency are considered crucial steps to make the country's economy sustainable. This paper also highlights the importance of international cooperation and experience exchange in supporting Azerbaijan's transition to a green economy. Creating a more attractive environment for foreign investors will accelerate the development of the green economy and contribute to Azerbaijan's ecologically sustainable future.
The paper presents strategic approaches and recommendations essential for the transition to a green economy and ensuring ecological sustainability, while also discussing future perspectives in this area.
Keywords: Green economy, ecological sustainability, investment priorities, alternative energy, renewable energy, ecological technologies, social responsibility, economic diversification