The Role of Tax Policy in Just Transition

A just transition recognises the social and economic implications of a transition away from carbon intensive activities into a low-carbon economy.

If not accounted for, adverse social impacts on the workforce, supply chain and broader community may outweigh the benefits of a net zero future. No one single organisation can achieve a just transition alone. Thus, collaboration and cooperation amongst key stakeholders, including government, business, financial institutions and members of civil society, are important to shape the success of an equitable energy transition. Tax policy plays a critical role in this process by providing the financial and regulatory framework needed to support green initiatives, protect vulnerable communities, and stimulate economic growth. This event will explore how tax policies can be effectively leveraged to facilitate a just transition, particularly in the context of Azerbaijan, focusing on the unique challenges and opportunities faced by business overall with focus on SMEs.