Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan

Azerbaijan signed the Paris Agreement in 2016 and committed to cut greenhouse gas (GHG) emissions by 35% in 2030. Meanwhile, natural gas has been vital component in the total energy mix of Azerbaijan economy and accounted for almost 65% of the total energy consumption. In the overall electricity mix...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Sarvar Gurbanov
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	CO<sub>2</sub> natural gas renewable energy electricity security Azerbaijan Technology T
Acceso en línea:	https://doaj.org/article/47f3d0f59d2a45be839690c4e2e8e76c
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:47f3d0f59d2a45be839690c4e2e8e76c
record_format	dspace
spelling	oai:doaj.org-article:47f3d0f59d2a45be839690c4e2e8e76c2021-11-25T17:27:59ZRole of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan10.3390/en142276951996-1073https://doaj.org/article/47f3d0f59d2a45be839690c4e2e8e76c2021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/22/7695https://doaj.org/toc/1996-1073Azerbaijan signed the Paris Agreement in 2016 and committed to cut greenhouse gas (GHG) emissions by 35% in 2030. Meanwhile, natural gas has been vital component in the total energy mix of Azerbaijan economy and accounted for almost 65% of the total energy consumption. In the overall electricity mix, natural gas-fired power plants generate 93% of the country’s electricity. Since global energy consumption is responsible for 73% of human-caused greenhouse-gas emissions, and CO<sub>2</sub> makes up more than 74% of the total, this study investigates possible mitigation effects of the natural gas consumption on CO<sub>2</sub> emissions for Azerbaijan. Author employed several cointegration methodologies, namely Bound testing Autoregressive Distributed Lag (ARDL) approach, Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Structural Time Series model (STSM). Author of this paper found that when the share of natural gas increases 1 percent in the total energy mix, CO<sub>2</sub> emission per capita decreases approximately 0.14 percent as a result of the ARDL, FMOLS, and DOLS models. All three models provide cointegration between the share of natural gas in the total energy mix and reduction in CO<sub>2</sub> emissions.Sarvar GurbanovMDPI AGarticleCO<sub>2</sub>natural gasrenewable energyelectricity securityAzerbaijanTechnologyTENEnergies, Vol 14, Iss 7695, p 7695 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	CO<sub>2</sub> natural gas renewable energy electricity security Azerbaijan Technology T
spellingShingle	CO<sub>2</sub> natural gas renewable energy electricity security Azerbaijan Technology T Sarvar Gurbanov Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
description	Azerbaijan signed the Paris Agreement in 2016 and committed to cut greenhouse gas (GHG) emissions by 35% in 2030. Meanwhile, natural gas has been vital component in the total energy mix of Azerbaijan economy and accounted for almost 65% of the total energy consumption. In the overall electricity mix, natural gas-fired power plants generate 93% of the country’s electricity. Since global energy consumption is responsible for 73% of human-caused greenhouse-gas emissions, and CO<sub>2</sub> makes up more than 74% of the total, this study investigates possible mitigation effects of the natural gas consumption on CO<sub>2</sub> emissions for Azerbaijan. Author employed several cointegration methodologies, namely Bound testing Autoregressive Distributed Lag (ARDL) approach, Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Structural Time Series model (STSM). Author of this paper found that when the share of natural gas increases 1 percent in the total energy mix, CO<sub>2</sub> emission per capita decreases approximately 0.14 percent as a result of the ARDL, FMOLS, and DOLS models. All three models provide cointegration between the share of natural gas in the total energy mix and reduction in CO<sub>2</sub> emissions.
format	article
author	Sarvar Gurbanov
author_facet	Sarvar Gurbanov
author_sort	Sarvar Gurbanov
title	Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
title_short	Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
title_full	Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
title_fullStr	Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
title_full_unstemmed	Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan
title_sort	role of natural gas consumption in the reduction of co<sub>2</sub> emissions: case of azerbaijan
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/47f3d0f59d2a45be839690c4e2e8e76c
work_keys_str_mv	AT sarvargurbanov roleofnaturalgasconsumptioninthereductionofcosub2subemissionscaseofazerbaijan
_version_	1718412346593902592

Role of Natural Gas Consumption in the Reduction of CO<sub>2</sub> Emissions: Case of Azerbaijan

Ejemplares similares