Research Information System
in: Value Creation and Circular Business Models for Resource Scarcity, Muhammad Suhrab,Syed Kamran Sherazi, Editor, IGI Global yayınevi, New York, pp.395-420, 2025
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.