Azerbaijan's Ministry of Ecology and Natural Resources has published a draft climate law that includes the creation of a national carbon registry. The registry would function as a state information system to track carbon units, including issuance, ownership, transfers, and cancellations. It aims to prevent double counting and maintain a clear transaction history. The registry would also handle emission permits, carbon project registration, and the accounting of project results. It will operate within the Digital Ecology information system's climate data subsystem. This move signals Azerbaijan's intent to formalize its carbon market infrastructure. For carbon market participants, this development is worth watching. A national registry is a prerequisite for credible carbon trading. The draft law is currently open for public discussion, so stakeholders have an opportunity to provide input on the registry's design and governance before it becomes law.
