ORIGINAL PAPER
The modern status and prospects for further development in the Australian energy sector: transformation, external economic relations, investment climate
1
Azerbaijan State University of Economics, Azerbaijan
2
The Academy of Public Administration under the President of the Republic of Azerbaijan, Azerbaijan
Submission date: 2023-04-06
Final revision date: 2023-04-28
Acceptance date: 2023-05-23
Publication date: 2023-09-19
Polityka Energetyczna – Energy Policy Journal 2023;26(3):47-64
KEYWORDS
TOPICS
ABSTRACT
The latest global trends have led to significant changes in the nature of the world’s economic development. This impact has been particularly strong within the energy sector, forcing many countries to change their approaches to energy management. It is consequently relevant to consider this industry’s current state worldwide. In this research, we have examined the current situation of Australia’s energy sector as well as its prospects for development. In this way, the research focuses on assessing the country’s investment climate in the sector and the potential for further changes within it. The methods used in the study include analysis, modeling, forecasting, induction and deduction. Within the research, the impact that global trends, which are currently representative of the global energy market, have had on the development of this industry in Australia are assessed. Additionally, the inner specifics of the changes within the sector are described and investigated. In particular, the Australian energy sector development strategy is briefly described and trends in renewable and conventional energy production are assessed. The authors also describe the country’s prospects with regard to the current international energy market situation and the possible risks. This publication creates a new understanding in the energy sector, particularly in Australia, and its renewable and conventional components. Additionally, new data is being generated as part of the country’s economic research.
METADATA IN OTHER LANGUAGES:
Polish
Stan obecny i perspektywy dalszego rozwoju australijskiego sektora energetycznego: transformacja, zewnętrzne relacje gospodarcze, klimat inwestycyjny
energia odnawialna, polityka rządu, makroekonomia, stosunki międzynarodowe, zrównoważony rozwój
Ostatnie globalne trendy doprowadziły do znaczących zmian w charakterze rozwoju gospodarczego świata. Wpływ ten był szczególnie silny w sektorze energetycznym, zmuszając wiele krajów do zmiany podejścia do zarządzania energią. W związku z tym istotne jest rozważenie obecnego stanu tej branży na całym świecie. W niniejszym artykule przeanalizowano obecną sytuację sektora energetycznego Australii, a także jego perspektywy rozwoju. W ten sposób badania koncentrują się na ocenie klimatu inwestycyjnego w tym sektorze i potencjale dalszych zmian. Metody wykorzystane w badaniu to analiza, modelowanie, prognozowanie, indukcja, dedukcja i inne. W ramach badania oceniono wpływ globalnych trendów, które są obecnie reprezentatywne dla światowego rynku energii, na rozwój tej branży w Australii. Dodatkowo opisano i zbadano wewnętrzną specyfikę zmian w sektorze. W szczególności krótko opisano strategię rozwoju australijskiego sektora energetycznego oraz oceniono trendy w produkcji energii odnawialnej i konwencjonalnej. Autorzy przedstawili również perspektywy kraju w odniesieniu do obecnej sytuacji na międzynarodowym rynku energii i możliwych zagrożeń. Publikacja ta tworzy nową wiedzę na temat sektora energetycznego, w szczególności w Australii, oraz jego odnawialnych i konwencjonalnych komponentów. Ponadto tworzone są nowe dane w ramach badań ekonomicznych kraju.
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