The European Bank for Reconstruction and Development (EBRD) is actively exploring investment mechanisms to support Azerbaijan's hydrogen strategy. This initiative follows Azerbaijan's presentation of a National Hydrogen Strategic Outlook at COP29 and emphasizes the country's potential for a low-carbon hydrogen economy due to its extensive renewable energy resources. The EBRD's efforts also focus on assisting Azerbaijan in establishing a sectoral low-carbon and climate-resilient pathway for power generation, essential for the country's future energy system and decarbonization efforts. The bank has already provided financing for various renewable energy projects, including solar and wind power plants, in partnership with key stakeholders like Masdar and ACWA Power. These investments align with Azerbaijan's target of achieving 30% of electricity generation from renewables by 2030. Additionally, the EBRD is actively engaged in policy dialogue to shape a sustainable regulatory framework and support Azerbaijan's transition towards a green economy. The collaboration aims to ensure transparent and competitive selection processes for renewable energy projects, further driving the country's green energy transition. Overall, the EBRD's commitment to supporting policy reforms and sustainable investments underscores its role as a reliable partner in Azerbaijan's journey towards a greener energy mix and a well-regulated energy market.