Azerbaijan State Tax Service under the Ministry of Economy is diligently working on developing carbon pricing and initial trading systems, Samira Musayeva, Deputy Head of the State Tax Service, said on the fourth day of the Baku Climate Action Week, Report informs.

“Azerbaijan is expanding its carbon pricing mechanisms. We are currently working on a national climate change strategy, aiming to extend it both individually and in a hybrid form. The issue of carbon taxation can also be included here. We should also use related administrative tools,” Musayeva stated.