Diversification of nonhydro renewable energy sources in developing countries

2018 ◽  
Vol 3 (6) ◽  
pp. 317-329
Author(s):  
Moises Neil V. Seriño
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources

scholarly journals Natural and economic effects of renewable energy sources in the developing countries: a case of Azerbaijan

2021 ◽  
Vol 250 ◽  
pp. 03007
Author(s):  
Zhala Rzayeva ◽  
Aysel Guliyeva ◽  
Arzu Miriyeva
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Economic Effects ◽  
Energy Sources ◽  
Gas Oil ◽  
Renewable Electricity ◽  
Clear Cut ◽  
Toxic Gases ◽  
Near Future

This paper focuses in the natural and economic effects of renewable energy sources in the developing countries using a case of Azerbaijan. Traditional fuel supplies dependent on gas, oil, and coal are highly useful for the development of a country’s economy. However, certain detrimental effects of these commodities on the environment have limited us to use these resources under clear cut-off points. As a result, we were able to turn our intuition into renewable energy sources. By using renewable energy sources, social, natural, and financial challenges can be ignored because these sources are considered harmless to the atmosphere, as there are little or virtually no fumes discharged, and toxic gases such as carbon dioxide, carbon monoxide, and sulfur dioxide. Renewable electricity would be a major advantage for power generation in the near future so we will reuse these assets to generate useful electricity. The paper discusses these and other issues with the implementation of renewable energy and assess the potentials of Azerbaijan in adapting this type of energy in the future.

Energy security through diversification of non-hydro renewable energy sources in developing countries

2021 ◽  
pp. 0958305X2110134
Author(s):  
Moises Neil V Seriño
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Energy Security ◽  
Energy Demand ◽  
Energy Use ◽  
Environmental Concern ◽  
Renewable Energy Sources ◽  
Market Price ◽  
Strong Relationship ◽  
Energy Sources

The increasing diversity of renewable energy sources in developing countries is receiving attention in discussions about the future of energy security and climate change. Given the strong relationship between energy demand and economic growth, this paper explores the factors that influence the diversification of non-hydro renewable energy sources across 117 developing countries covering more than 30 years. We contribute to the literature by using a new measure capturing diversification of non-hydro renewable energy sources and explore several estimation techniques in investigating determinants of diversification. Controlling for regional variations, results show that higher per capita income, implementation of policies promoting renewable energy, technological innovations and human capital improvement encourage diversification. In addition, the squared term of income was included to capture nonlinear effects. The results depict a U-shaped kind of relationship suggesting non-monotonic changes in renewable energy diversification in relation to increasing affluence. This implies that greater environmental concern in terms of energy use can be expected as countries developed. Other determinants suggest that high dependence on imported fuels and increasing world market price for crude oil will motivate developing countries to diversify non-hydro renewable energy sources. In contrast, the local abundance of hydropower and the availability of natural resources like oil impede diversification. Finally, we conclude that the progressive integration of renewable energy in developing countries energy mix can be hastened with environmental awareness, relevant policy, and favorable economic conditions.

scholarly journals The Impact of the Financial Sector on the Development of the Industry of Renewable Energy

2018 ◽  
Vol 10 (2) ◽  
pp. 88-98
Author(s):  
Anna Baturevich ◽  
Vsevolod Spirenkov ◽  
Kseniya Stakhanova
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Financial Development ◽  
Renewable Energy Sources ◽  
Financial Sector ◽  
Tidal Energy ◽  
Environmental Benefits ◽  
Energy Sources ◽  
Total Production ◽  
The Impact

Despite the long-term economic and environmental benefits of introducing renewable energy sources (RES), they are associated with many obstacles, one of which is hindered access to finance. This article examines the impact of the level of financial development on the renewable energy industry. An econometric analysis of data for 270 countries for 1987–2016 revealed a significant positive effect of various indicators of the development of the financial sector on the total production of renewable energy sources. In particular, the important role of the size of the banking industry and the size of the private lending sector has been revealed. It also revealed a significant impact of the level of financial development on wind, solar and tidal energy, and this effect is different in developed and developing countries. This work is a logical continuation of other works on this topic. There has never been an assessment of the use of renewable energy for such a large number of countries. Significant results were obtained for various indicators of the development of the financial sector. We were able to assess the difference in the use of renewable energy sources for developed and developing countries.

scholarly journals Renewable Energy Sources in Perspective of Sustainable Development

2017 ◽  
Author(s):  
Bedriye Tunçsiper ◽  
Emine Fırat ◽  
İnci Mine Özkan
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Renewable Energy ◽  
Technological Development ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Energy Needs ◽  
Raising Awareness ◽  
Ample Supply ◽  
Advantageous Position

It is one of the most important issues of our time that meeting the energy needs for developing countries. Especially in recent years, the developed and developing countries emphasize the importance of resorting to current and renewable energy sources in order to be able both to feed them and to show sensitivity to the environment. It is an important tool in reducing external dependency that increased use of those resources in countries which is a country in an advantageous position in terms of renewable energy sources. From past to present with increased production and consumption and the point where the environmental problems reach, renewable energy sources is shown as a solution to this problem. Sustainable development makes an important contribution not only in quantity but also in quality to the economy. It is provided that enhancing human capital by performing technological development and sustainability of the environment by raising awareness of the environmental community and reducing of energy imports by applying renewable energy in energy production. It can be reduced its dependence on foreign energy with sustainable energy policies and R&D activities for the use of renewable energy sources where countries have the potential to be an ample supply. In light of this, it has been demonstrated that introduction of renewable energy sources should not be delayed in achieving sustainable development in economic, social and environmental dimensions. In this study, the strengths and weaknesses are evaluated in terms of sustainable development of renewable energy sources.

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