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Azerbaijan is situated on the northern extremity of the subtropical zone, in the southeastern part of the Caucasus and the northwestern part of the Iranian plateau.The complicated geographical location and landscape, the proximity of the Caspian Sea, the effect of the sun's radiation, air masses of different origin, etc., contribute to its climatological diversity.
The climate varies from subtropical and humid in the southeast to subtropical and dry in central and eastern Azerbaijan, continental and humid in the mountains, and continental and dry in Nakhchivan. Baku, on the Caspian, enjoys mild weather that averages 4 °C (39.2 °F) in January and 25 °C (77 °F) in July. [4]
The Baku Stock Exchange is Azerbaijan's largest stock exchange, and largest in the Caucasian region by market capitalization. A relatively large number of transnational companies are headquartered in Baku. One of the more prominent institutions headquartered in Baku is the International Bank of Azerbaijan, which employs
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Azerbaijan has over 7 billion barrels of proven crude oil reserves under the Caspian Sea. [9] Energy consumption is estimated at about 16% of GHG, while transportation is estimated at about 10% of GHG. [7] The climate of Azerbaijan has increased by 1.3 degrees, while extreme weather events are increasing.
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