An Econometric Analysis of the Impact of Fossil Energy Production on Carbon Dioxide (CO2) Emissions in Azerbaijan

This research uses econometric modelling to analyse the impact of fossil fuel production and consumption on carbon dioxide (CO₂) emissions in Azerbaijan. The nation's substantial dependence on fossil fuels for energy complicates environmental protection and the mitigation of climate change. The data illustrate the correlation between increased fossil fuel energy production, particularly during industrialisation, and CO₂ emissions. The research evaluates the environmental consequences of Azerbaijan's energy strategy and proposes alternatives for a sustainable energy transition. The results indicate an urgent necessity to discontinue fossil fuel usage and transition to renewable energy without delay. Politicians must be aware of this. The results underscore the necessity for Azerbaijan's energy sector to implement modifications to meet environmental objectives and highlight the significance of investing in renewable energy for enduring, sustainable development.