Renewable Energy and its Finance as a Solution to the Environmental Degradation

2019 ◽  
pp. 55-63 ◽  
Author(s):  
Nicholas Apergis
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation

scholarly journals Do Economic Policy Uncertainty and Geopolitical Risk Lead to Environmental Degradation? Evidence from Emerging Economies

2021 ◽  
Vol 13 (11) ◽  
pp. 5866
Author(s):  
Muhammad Khalid Anser ◽  
Qasim Raza Syed ◽  
Hooi Hooi Lean ◽  
Andrew Adewale Alola ◽  
Munir Ahmad
Keyword(s):  
Economic Policy ◽  
Renewable Energy ◽  
Environmental Degradation ◽  
Emerging Economies ◽  
Ecological Footprint ◽  
Policy Implications ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Integration Test ◽  
The Impact

Since the turn of twenty first century, economic policy uncertainty (EPU) and geopolitical risk (GPR) have escalated across the globe. These two factors have both economic and environmental impacts. However, there exists dearth of literature that expounds the impact of EPU and GPR on environmental degradation. This study, therefore, probes the impact of EPU and GPR on ecological footprint (proxy for environmental degradation) in selected emerging economies. Cross-sectional dependence test, slope heterogeneity test, Westerlund co-integration test, fully modified least ordinary least square estimator, dynamic OLS estimator, and augmented mean group estimator are employed to conduct the robust analyses. The findings reveal that EPU and non-renewable energy consumption escalate ecological footprint, whereas GPR and renewable energy plunge ecological footprint. In addition, findings from the causality test reveal both uni-directional and bi-directional causality between a few variables. Based on the findings, we deduce several policy implications to accomplish the sustainable development goals in emerging economies.

Heterogeneous effect of oil production on environmental degradation: panel evidence from OPEC member countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ismail Aliyu Danmaraya ◽  
Aminu Hassan Jakada ◽  
Suraya Mahmood ◽  
Bello Alhaji Ibrahim ◽  
Ahmad Umar Ali
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Oil Production ◽  
The Body ◽  
Energy Sources ◽  
Asymmetric Effect ◽  
Content Type ◽  
Long Run ◽  
Opec Member

Purpose The purpose of this paper is to look at the asymmetric effect of oil production on environmental degradation in OPEC member countries from 1970–2019. Design/methodology/approach The authors build a nonlinear panel ARDL–PMG model using the Shin et al. (2014) nonlinear autoregressive distributed lag (ARDL) approach in panel form to assess both the short- and long-run impact of positive and negative oil production movements on CO2 emissions. Findings The result demonstrates that the variables are cointegrated. According to the linear long run coefficients, oil production, FDI inflows and economic growth both have a positive and significant relationship with CO2 emissions, implying that they deteriorate environmental quality in OPEC countries, while renewable energy has a negative relationship with CO2, implying that increasing renewable energy improves environmental quality. The asymmetric findings prove that positive and negative shocks of oil production exert a positive effect on carbon emissions in short run and long run. Research limitations/implications To begin with, the empirical assessments do not include all OPEC member nations; researchers are advised to resolve this constraint by looking at the economies of other OPEC members. Albeit the lack of data for other energy sources may serve as another constraint of this research, future research is expected to broaden the current framework via other energy sources such as nuclear, electricity, biomass, solar as well as wind. Originality/value The research adds to the body of knowledge as many of the prevailing studies in the literature failed to look at the asymmetric effect of oil production on the quality of environment. This is another gap in the literature that the current study is set out to fill. This study adds oil production as an explanatory variable and helps to extend the existing literature for OPEC countries, which could propose a solution to deal with ensuing environmental issues.

scholarly journals Biodiesel, a ochrona środowiska

2006 ◽  
Vol 4 (1) ◽  
pp. 351-356
Author(s):  
Marlena Owczuk
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Crude Oil ◽  
Environmental Degradation ◽  
Automotive Industry ◽  
Alternative Fuels ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Engine Emissions ◽  
The World

The development of the automotive industry in the world causes high environmental degradation, the main source of this degradation is engine emissions. It is necessary to introduce biofuels prepared from renewable energy sources to the market due to the limited reserve of crude oil and environmental protection. Appropriate new modifications in law regulations have been prepared in European Union. Introducing alternative fuels can reduce the emissions of harmful gases and also decrease the level of pollutions in the environment.

Risk Requirement for Multi-Hybrid Renewable Energy for Marine System

2013 ◽  
pp. 83-95
Author(s):  
Oladokun Sulaiman Olanrewaju
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Alternative Energy ◽  
Maritime Industry ◽  
Renewable Sources ◽  
Solar Hydrogen ◽  
Marine System ◽  
Selection For ◽  
Hybrid Renewable Energy ◽  
Assessment Requirements

The chapter communicates environmental challenges facing the maritime industry. Efforts to integrate sources of alternative energy with existing systems through holistic proactive risk-based analysis and assessment requirements of associated environmental degradation and mitigation of greenhouse pollution are explored. The chapter also discusses alternative selection for hybridization of conventional power with compactable renewable sources like solar/hydrogen for reliable port powering.

Risk Requirement for Multi-Hybrid Renewable Energy for Marine System

2015 ◽  
pp. 160-173
Author(s):  
Oladokun Sulaiman Olanrewaju
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Alternative Energy ◽  
Maritime Industry ◽  
Renewable Sources ◽  
Solar Hydrogen ◽  
Marine System ◽  
Selection For ◽  
Hybrid Renewable Energy ◽  
Assessment Requirements

The chapter communicates environmental challenges facing the maritime industry. Efforts to integrate sources of alternative energy with existing systems through holistic proactive risk-based analysis and assessment requirements of associated environmental degradation and mitigation of greenhouse pollution are explored. The chapter also discusses alternative selection for hybridization of conventional power with compactable renewable sources like solar/hydrogen for reliable port powering.

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