https://doi.org/10.36719/2663-4619/111/104-109
Aytan Ibazade
Baku State University
Master student
https://orcid.org/0009-0002-2188-8590
aytenibazade655560@gmail.com
Dynamics of Renewable Energy Contracts: Addressing Energy
Needs and Environmental Concerns in Legal Transactions
Abstract
Renewable energy agreements, which are an important part of modern legal transactions, ensure that energy needs are met in a sustainable and environmentally responsible manner. This article examines the role of renewable energy agreements in legal transactions and solutions for meeting energy needs in a sustainable and environmentally responsible manner. The limited nature of energy resources and the environmental impacts of fossil fuels have increased the importance of renewable energy resources. In this context, the place and effects of international agreements and national legislation in the field of renewable energy are examined. The aim of the article is to analyze the positive effects of the use of renewable energy resources on environmental sustainability and economic development, to evaluate the effectiveness of legal regulations in this field and to investigate ways to improve current practices. The European Union's directives on renewable energy and the success of energy performance contracts in other countries are examined with examples. A special emphasis is placed on the development of renewable energy policies in energy exporting countries such as Azerbaijan, and legal and institutional regulations are evaluated in this direction. In addition to the role and economic benefits of renewable energy resources in combating climate change, contract models that increase energy efficiency are also included in the scope of the research. The article aims to provide practical solutions to achieve sustainability goals in the field of energy.
Keywords: energy, energy resources, energy contracts, natural gas, coal