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Journals / Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty / 2024 / Volume: 11 Issue: 4

Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors

Sanem Özer(AKDENIZ UNIVERSITY)0000-0003-4182-5335
Atiye Beyhan Akay(AKDENIZ UNIVERSITY)0000-0002-0749-6606
Senem Atvur(AKDENİZ ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ)0000-0003-3616-1749
Pages
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Publication Date
2024-12-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Additionally, it fulfills Azerbaijan's commitments to global climate initiatives.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Azerbaijan, a country with hydrocarbon resources, seeks to restructure its economy and energy system to become more resilient to climate change.
📊
Key Findings & Data:The main aim is to reveal not only the economic advantages of the energy transition but also its political and strategic contribution to Azerbaijan.
💡
Conclusion & Impact:Additionally, it fulfills Azerbaijan's commitments to global climate initiatives.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Azerbaijan · Energy Transition · System Value Analysis

Abstract

Azerbaijan, a country with hydrocarbon resources, seeks to restructure its economy and energy system to become more resilient to climate change. The European Union's call for international climate action offers opportunities for a green energy transition in Azerbaijan. However, the economic, social, climatic, and environmental elements driving this transition are understudied. This article follows the example of the World Economic Forum’s System Value Analysis to study how complementary the impact of policies and solutions targeting sustainable development, the environment, climate action, and the green energy transition is in Azerbaijan. For this purpose, we analyze the energy market in Azerbaijan and the potential of renewable energy resources. The main aim is to reveal not only the economic advantages of the energy transition but also its political and strategic contribution to Azerbaijan. We argue that Azerbaijan's strategic engagement with the EU is crucial, as it serves as a means for Europe to bolster energy security and assist Azerbaijan in its political drive and strategy for transitioning to green energy. Additionally, it fulfills Azerbaijan's commitments to global climate initiatives.

Özet

Azerbaijan, a country with hydrocarbon resources, seeks to restructure its economy and energy system to become more resilient to climate change. The European Union's call for international climate action offers opportunities for a green energy transition in Azerbaijan. However, the economic, social, climatic, and environmental elements driving this transition are understudied. This article follows the example of the World Economic Forum’s System Value Analysis to study how complementary the impact of policies and solutions targeting sustainable development, the environment, climate action, and the green energy transition is in Azerbaijan. For this purpose, we analyze the energy market in Azerbaijan and the potential of renewable energy resources. The main aim is to reveal not only the economic advantages of the energy transition but also its political and strategic contribution to Azerbaijan. We argue that Azerbaijan's strategic engagement with the EU is crucial, as it serves as a means for Europe to bolster energy security and assist Azerbaijan in its political drive and strategy for transitioning to green energy. Additionally, it fulfills Azerbaijan's commitments to global climate initiatives.

🔖

Cite This Article

Özer, S., Akay, A. B., Atvur, S. (2024). Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, Volume: 11 Issue: 4. https://doi.org/10.30798/makuiibf.1450266

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