How do clean energy sources and financial development affect unemployment? Empirical evidence from Egypt

Purpose Achieving the goals of the sustainable development strategy and Egypt’s vision 2030 depends mainly on the existence of sources of funds. And since Egypt faces a great challenge in obtaining finance, then analyzing the drivers of financial development is a vital issue and there is a persistent need to shed light on the key obstacles for it. Thus, this paper aims to empirically assess the impact of natural resources, foreign direct investment (FDI) net inflows, education and clean energy sources on financial development in Egypt using the data of the 1971–2014 period. Design/methodology/approach The paper uses auto-regressive distributed lag and Toda-Yamomoto approaches to fulfill the purpose. Findings Empirical results signify that all variables except natural endowments stimulate financial development which can suggest the presence of the natural resources curse in Egypt. Moreover, the feedback effect between financial development and FDI is recognized. Clean energy sources cause financial development and natural endowments. Financial development causes natural endowments and FDI leads to the deployment of more clean energy resources. Practical implications Several crucial policy implications are suggested based upon these results as improving the quality and quantity of education and encouraging both domestic and foreign investors by providing several incentives. Moreover, the government has to enhance green finance through financing solar energy projects and other environmentally friendly projects. Originality/value It is the first research for Egypt that explores natural resource-financial development nexus using time series analysis according to our information, and two important variables are included in the model which is clean energy sources and FDI. Then, although several studies examined the impact of financial development on clean energy no empirical study before assessed the impact of clean energy on financial development.

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Determination of resource curse hypothesis in mediation of financial development and clean energy sources: Go-for-green resource policies

Resources Policy ◽

10.1016/j.resourpol.2020.101640 ◽

2020 ◽

Vol 66 ◽

pp. 101640 ◽

Cited By ~ 3

Author(s):

Muhammad Khalid Anser ◽

Zahid Yousaf ◽

Khalid Zaman ◽

Abdelmohsen A. Nassani ◽

Saad M. Alotaibi ◽

...

Keyword(s):

Financial Development ◽

Resource Curse ◽

Clean Energy ◽

Energy Sources

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Analyzing Renewable and Nonrenewable Energy Sources for Environmental Quality: Dynamic Investigation in Developing Countries

Mathematical Problems in Engineering ◽

10.1155/2021/3399049 ◽

2021 ◽

Vol 2021 ◽

pp. 1-12

Author(s):

Itbar Khan ◽

Lei Han ◽

Hayat Khan ◽

Le Thi Kim Oanh

Keyword(s):

Developing Countries ◽

Renewable Energy ◽

Financial Development ◽

Environmental Degradation ◽

Environmental Quality ◽

New Technologies ◽

Renewable Energy Sources ◽

Clean Energy ◽

Energy Sources ◽

Nonrenewable Energy

Most of developing countries are facing environmental degradation challenges as these countries use energy from fossil fuels to enhance economic activities and that leads to environmental degradation. The use of renewable energy is required to mitigate environmental degradation; however, developing countries may not yet have reached the desired level to acquire renewable energy. It is important for developing countries to make polices to shift from nonrenewable energy to renewable energy use to protect environmental quality. In this regard, the importance of different energy sources and financial development in enhancing environmental quality in 21 developing countries is examined from 1970 to 2018. The study employed dynamic estimator, and the results indicate that the sources of renewable energy enhance environmental quality as compared to nonrenewable energy and its sources. Financial development also lowers environmental quality in our results. The study recommends reducing carbon emissions by reducing the use of fossil fuel energy and acquiring new technologies, attracting foreign investors in clean energy that provide clean technologies for green production, and investing in renewable energy sources to evade nonrenewable energy. Policy makers should adopt environmentally-friendly strategies and equipment to protect environmental quality, while striving for achieving economic growth.

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Power Projects and Covid-19: A Practical Analysis of the Relevance of Force Majeure Clauses under the Standardised Power Purchase and Implementation Agreements of Uganda

Global Energy Law and Sustainability ◽

10.3366/gels.2020.0026 ◽

2020 ◽

Vol 1 (2) ◽

pp. 189-193

Author(s):

Aisha Naiga ◽

Loyola Rwabose Karobwa

Keyword(s):

Renewable Energy ◽

Renewable Energy Sources ◽

Clean Energy ◽

The State ◽

Energy Sources ◽

Policy Goals ◽

Force Majeure ◽

Practical Analysis ◽

Energy Justice

Over 90% of Uganda's power is generated from renewable sources. Standardised Implementation Agreements and Power Purchase Agreements create a long-term relationship between Generating Companies and the state-owned off-taker guaranteed by Government. The COVID-19 pandemic and measures to curb the spread of the virus have triggered the scrutiny and application of force majeure (FM) clauses in these agreements. This article reviews the FM clauses and considers their relevance. The authors submit that FM clauses are a useful commercial tool for achieving energy justice by ensuring the continuity of the project, despite the dire effects of the pandemic. Proposals are made for practical considerations for a post-COVID-19 future which provides the continued pursuit of policy goals of promoting renewable energy sources and increasing access to clean energy, thus accelerating just energy transitions.

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The Compatibility of Capital Controls and Financial Development: A Selective Survey and Empirical Evidence

SSRN Electronic Journal ◽

10.2139/ssrn.315863 ◽

2002 ◽

Cited By ~ 1

Author(s):

Menzie David Chinn

Keyword(s):

Empirical Evidence ◽

Financial Development ◽

Capital Controls

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Forecasting and Modelling the Uncertainty of Low Voltage Network Demand and the Effect of Renewable Energy Sources

Energies ◽

10.3390/en14082151 ◽

2021 ◽

Vol 14 (8) ◽

pp. 2151

Author(s):

Feras Alasali ◽

Husam Foudeh ◽

Esraa Mousa Ali ◽

Khaled Nusair ◽

William Holderbaum

Keyword(s):

Renewable Energy ◽

Low Voltage ◽

Renewable Energy Sources ◽

Golden Ratio ◽

Clean Energy ◽

Energy Sources ◽

Percentage Error ◽

Ann Model ◽

Demand Forecast ◽

Pv System

More and more households are using renewable energy sources, and this will continue as the world moves towards a clean energy future and new patterns in demands for electricity. This creates significant novel challenges for Distribution Network Operators (DNOs) such as volatile net demand behavior and predicting Low Voltage (LV) demand. There is a lack of understanding of modern LV networks’ demand and renewable energy sources behavior. This article starts with an investigation into the unique characteristics of householder demand behavior in Jordan, connected to Photovoltaics (PV) systems. Previous studies have focused mostly on forecasting LV level demand without considering renewable energy sources, disaggregation demand and the weather conditions at the LV level. In this study, we provide detailed LV demand analysis and a variety of forecasting methods in terms of a probabilistic, new optimization learning algorithm called the Golden Ratio Optimization Method (GROM) for an Artificial Neural Network (ANN) model for rolling and point forecasting. Short-term forecasting models have been designed and developed to generate future scenarios for different disaggregation demand levels from households, small cities, net demands and PV system output. The results show that the volatile behavior of LV networks connected to the PV system creates substantial forecasting challenges. The mean absolute percentage error (MAPE) for the ANN-GROM model improved by 41.2% for household demand forecast compared to the traditional ANN model.

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ANALISYS OF THERMAL EFFICIENCY OF A MODIFIED SOLAR COLLECTOR TYPE EVACUATED TUBE

Revista de Engenharia Térmica ◽

10.5380/reterm.v13i1.62056 ◽

2014 ◽

Vol 13 (1) ◽

pp. 03

Author(s):

E. Avallone ◽

A. I. Sato ◽

V. L. Scalon ◽

A. Padilha

Keyword(s):

Solar Collector ◽

Renewable Energy Sources ◽

Experimental Tests ◽

Clean Energy ◽

Hot Water ◽

Energy Sources ◽

Transient Heat Flow ◽

Important Approach ◽

Experimental Problem ◽

Evacuated Tube

The need of renewable energy sources due to climate change and thus the search for clean energy sources, justify the growing investment on new types of solar collectors. The research has contributed to this expansion in the scope of solar concentrator collectors, with the efficiency as the main goal. Many works have been developed in order to optimize the thermal stratification of the fluid inside the tubes and heat reservoirs, as well as mathematical modeling considering the problem as transient heat flow as boundary condition. In this work is studied experimentally, the heating of the water by solar collector modified from the conventional evacuated tube, focusing on efficiency. With the help of CFD software, a theoretical analysis is done to visualize the phenomenon, assuming the same boundary conditions and geometric experimental problem. An important approach concerns the physical separation of the flows of both cold and hot water inside the evacuated tube. The system performance was analyzed using experimental tests performed outdoors with sunlight.

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Research and Development of Clean-Energy Vehicles

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.345.17 ◽

2013 ◽

Vol 345 ◽

pp. 17-21

Author(s):

Ting Jie Yang

Keyword(s):

Research And Development ◽

Electric Vehicle ◽

Clean Energy ◽

Mobile Systems ◽

Energy Sources ◽

Electric Motors ◽

Mobile System ◽

Electric Wheelchair ◽

Electric Automobile ◽

Institute Of Technology

This article presents the research and development of all electric vehicle (EV) in Department of HumanRobotics Saitama Institute of Technology, Japan .Electric mobile systems developed in our laboratory include a converted electric automobile,electric wheelchair and personal mobile robot.These mobile system s contribute to realize clean transportation since energy sources an d devices from all vehicles,i.e.,batteries and electric motors,does not deteriorate the environment.To drive motors for vehicle traveling,robotic technologies were applied.

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A Fuzzy Logic Controlled Single Axis Solar Tracking System

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.787.893 ◽

2015 ◽

Vol 787 ◽

pp. 893-898

Author(s):

Suneetha Racharla ◽

K. Rajan ◽

K.R. Senthil Kumar

Keyword(s):

Fuzzy Controller ◽

Tracking System ◽

Renewable Energy Sources ◽

Energy Resource ◽

Clean Energy ◽

Energy Sources ◽

Pv Panel ◽

Solar Tracking ◽

Simulation Results ◽

Improved Performance

Recently renewable energy sources have gained much attention as a clean energy. But the main problem occurs with the varying nature with the day and season. Aim of this paper is to conserve the energy, of the natural resources. For solar energy resource, the output induced in the photovoltaic (PV) modules depends on solar radiation and temperature of the solar cells. To maximize the efficiency of the system it is necessary to track the path of sun in order to keep the panel perpendicular to the sun. This paper proposes the design and construction of a microcontroller-based solar panel tracking system. The fuzzy controller aims at maximizing the efficiency of PV panel by focusing the sunlight to incident perpendicularly to the panel. The system consists of a PV panel which can be operated with the help of DC motor, four LED sensors placed in different positions and a fuzzy controller which takes the input from sensors and gives output speed to motor. A prototype is fabricated to test the results and compared with the simulation results. The results show the improved performance by using a tracking system

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Water-Energy-Food Accessibility and Tracking Progress towards Achieving Sustainable Development Goals in the Savannah Region of Katsina State, Nigeria

Water ◽

10.3390/w13243595 ◽

2021 ◽

Vol 13 (24) ◽

pp. 3595

Author(s):

Yahaya Sani ◽

Miklas Scholz

Keyword(s):

Sustainable Development ◽

Sustainable Development Goals ◽

Pairwise Comparison ◽

Clean Energy ◽

Energy Sources ◽

Food Accessibility ◽

The Sustainable Development ◽

Ecological Regions ◽

Development Goals ◽

Sustainability Challenges

Although remarkable progress has been achieved in reducing hunger and poverty and improving people’s health in the past couple of decades, humanity still faces considerable socio-economic and sustainability challenges. Ensuring sustainable access to safe and sufficient water, improved sanitation facilities, clean energy sources and healthy food is a necessary requirement for ending hunger and poverty, advancing health and achieving all the goals of the sustainable development agenda. Socio-economic variables are determinant factors of water, energy and food accessibility. Ecological region, income and education are measures used in this study, which aims to examine a pairwise comparison of water and energy sources, sanitation facilities and food accessibilities in six sampling communities and tracking progress towards achieving the sustainable development goals (SDG) at a local scale using nine specific SDG indicators. A study involving questionnaire administration covering 1785 households across the three ecological regions of Katsina state was performed. Two communities representing urban and rural households from each of the ecological regions were selected. An analysis of variance was used to test the equality of resource accessibility across the investigated communities followed up by a post hoc analysis to identify significant mean groups. The results showed that the overall access level to safely manage water and sanitation facilities were 16.5% and 28.1%, respectively. Access indices of 1.83 and 1.24 for electricity and cooking fuel, respectively, were calculated in the study area. The study revealed that location, education and income are the key drivers of water, energy and food access and choice.

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