Energy Efficiency as Driver of Sustainable Development

Abstract

Key directions of socio-economic development of resource-rich countries such as Azerbaijan and Kazakhstan necessitate enhancing level of energy efficiency and energy effectiveness as main drivers of sustainable development in the different sectors of national economies, given the need for sustainable development. With inclining trend of green energy transition in these countries as elsewhere, they have started to prioritize energy efficiency, as well as its development across sectors of national economies. The objective of this study is to demonstrate that energy efficiency is the key driver for development of economies as inefficient use of energy in all the sectors of the national economies impedes sustainable development and dynamic growth of national domestic product. The result of this study presents data reflecting actual structure of availability and use of energy resources, which allows to identify necessary resources for ensuring sustainable social and economic development. Among others, availability of effective decision making framework become important not only in terms of use of fuel and energy resources, but also in development of country specific approach and strategy for enabling and maintaining energy efficiency and energy effectiveness, and sustaining momentum as a whole.