Research Information System
in: World Sustainability Series, Springer International Publishing Ag, pp.313-327, 2026
With an increasing global climate emergency affecting developing countries, access to climate finance is emerging as a crucial instrument for catalyzing sustainable development. This chapter examines the potential for scaling up climate finance, using the case of Azerbaijan’s developing economy. The paper addresses global and regional climate investment, the impact of international financial instruments, and the efforts Azerbaijan has undertaken under international climate programs. Particular attention is paid to evaluating the current level and the correlation between attracted resources and the country’s economic potential. It is shown that institutional constraints, conduct, and financial risk are the main obstacles to foreign financial access. It also considers how to maximize our climate investment and leverage opportunities by scaling the uptake of domestic financial instruments, fostering international partnerships, and creating an innovative financing architecture. Results are derived analytically and numerically via a general-purpose economic package. To rigorously and reliably test the hypothesis, we employed a methodology based on data normalization, relative indicator analysis, comparative analysis, and scenario simulation to organize the existing information. In this way, we can conduct an in-depth analysis of climate finance and monitor changes in key indicators over time. The findings can be utilized for policy development and strategic planning of climate finance in Azerbaijan and similar developing countries.