E3S Web Conf.
Volume 209, 2020ENERGY-21 – Sustainable Development & Smart Management
|Number of page(s)||6|
|Published online||23 November 2020|
Comparative analysis of Azerbaijan’s energy sector efficiency trend at the current development stage
1 Azerbaijan State University of Oil and Industry, 16/21 Azadliq, Baku, Azerbaijan
2 Azerbaijan Scientific – Research and Design–Prospecting Institute of Energetics, 94, Zardabi, Baku, Azerbaijan
* Corresponding author: firstname.lastname@example.org
Methodological and practical aspects of the energy sector efficiency trend in various countries of the world and Azerbaijan for 2013-2017, based on the methodology presented by the World Economic Forum (WEF), are analyzed and considered in the paper. The basis of the methodology for evaluating the effective energy sector performance is the use of an energy triangle, where the vertices are Economic growth and development, Environmental sustainability and Energy access and security, where a set of indicators with their own weighting coefficients is used to evaluate each of subsystems. Naturally, the number of indicators and the weighting coefficients are adjusted in time in order to fully take into account all the features of the energy sector. The Azerbaijan’s energy sector efficiency values for the period under review, taking into account all available indicators, are re-calculated, due to this fact the Azerbaijan’s place in the world’s ranking of countries has moved several positions higher.
© The Authors, published by EDP Sciences, 2020
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