This paper focuses in the natural and economic effects of renewable energy sources in the developing countries using a case of Azerbaijan. Traditional fuel supplies dependent on gas, oil, and coal are highly useful for the development of a country’s economy. However, certain detrimental effects of these commodities on the environment have limited us to use these resources under clear cut-off points. As a result, we were able to turn our intuition into renewable energy sources. By using renewable energy sources, social, natural, and financial challenges can be ignored because these sources are considered harmless to the atmosphere, as there are little or virtually no fumes discharged, and toxic gases such as carbon dioxide, carbon monoxide, and sulfur dioxide. Renewable electricity would be a major advantage for power generation in the near future so we will reuse these assets to generate useful electricity. The paper discusses these and other issues with the implementation of renewable energy and assess the potentials of Azerbaijan in adapting this type of energy in the future.
This paper studies the concept of “digital energy”, its own unique content, or maybe is it just a fashionable designation for what has been done in the industry since the massive spread of computer technology. Why use the neologism “digitalization” instead of the well-known and well-defined term “automation”? Some sources insist on having its own unique content in terms of “digital energy” and “digitalization”. This post sets out our working hypothesis – five distinguishing features by which one can understand whether we are working with the concept of “digital energy” or with something else. In digital energy as a part of the digital economy, the main concept is “economy”. The essence of digital energy is the reassembly and development of a set of industrial and economic relations in the industry based on digital approaches and means. Consequently, the essence of digital energy is the reassembly and development of a set of industrial and economic relations in the industry based on digital approaches and means. So, in the phrase “digital economy” (and hence “digital energy”), the defining word is “economy”, and the adjective “digital” only indicates the means to achieve the goal.
Various measures are being implemented in Azerbaijan for economic development, especially the development of the non-oil sector and regions. The government prioritizes the development of entrepreneurship and the private sector to create employment opportunities, produce competitive goods and services, and stimulate economic growth. In order to create a competitive environment that provides equal access to modern technologies and markets, programs such as the State Program for SocioEconomic Development and the Strategic Road Map were created. In this regard, the article dedicated to the analysis of the current state of public-private partnership in Azerbaijan first studies the historical development dynamics of public-private partnership in the Republic of Azerbaijan, and then touches on the modern era of public-private partnership in the country. In the conclusion part, the results of the research are summarized.
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