Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors
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, so...
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| Format: | Article |
| Language: | English |
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Mehmet Akif Ersoy University
2024-12-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/3784416 |
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| author | Atiye Beyhan Akay Sanem Özer Senem Atvur |
| author_facet | Atiye Beyhan Akay Sanem Özer Senem Atvur |
| author_sort | Atiye Beyhan Akay |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-c8a6621c3d0d48988412ddb095307af8 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-c8a6621c3d0d48988412ddb095307af82025-01-27T12:39:37ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582024-12-011141349137110.30798/makuiibf.1450266273Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate ActorsAtiye Beyhan Akay0https://orcid.org/0000-0002-0749-6606Sanem Özer1https://orcid.org/0000-0003-4182-5335Senem Atvur2https://orcid.org/0000-0003-3616-1749AKDENIZ UNIVERSITYAKDENIZ UNIVERSITYAKDENİZ ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİAzerbaijan, 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.https://dergipark.org.tr/en/download/article-file/3784416azerbaijanenergy transitionsystem value analysiseuropean unioninternational climate actionrenewable energyazerbaijanenergy transitionsystem value analysiseuropean unioninternational climate actionrenewable energy |
| spellingShingle | Atiye Beyhan Akay Sanem Özer Senem Atvur Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi azerbaijan energy transition system value analysis european union international climate action renewable energy azerbaijan energy transition system value analysis european union international climate action renewable energy |
| title | Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors |
| title_full | Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors |
| title_fullStr | Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors |
| title_full_unstemmed | Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors |
| title_short | Energy Transition in Azerbaijan: Advantages of System Value Analysis and Strategic Role of the Global Climate Actors |
| title_sort | energy transition in azerbaijan advantages of system value analysis and strategic role of the global climate actors |
| topic | azerbaijan energy transition system value analysis european union international climate action renewable energy azerbaijan energy transition system value analysis european union international climate action renewable energy |
| url | https://dergipark.org.tr/en/download/article-file/3784416 |
| work_keys_str_mv | AT atiyebeyhanakay energytransitioninazerbaijanadvantagesofsystemvalueanalysisandstrategicroleoftheglobalclimateactors AT sanemozer energytransitioninazerbaijanadvantagesofsystemvalueanalysisandstrategicroleoftheglobalclimateactors AT senematvur energytransitioninazerbaijanadvantagesofsystemvalueanalysisandstrategicroleoftheglobalclimateactors |