Evaluating environmental commitments to COP21 and the role of economic complexity, renewable energy, financial development, urbanization, and energy innovation: Empirical evidence from the RCEP countries

2022 ◽  
Vol 184 ◽  
pp. 541-550
Author(s):  
Muhammad Farhan Bashir ◽  
Benjiang MA ◽  
Hafezali Iqbal Hussain ◽  
Muhammad Shahbaz ◽  
Kemal Koca ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Empirical Evidence ◽  
Financial Development ◽  
Economic Complexity ◽  
Energy Innovation

scholarly journals The Impact of Financial Development On The Clean Energy Transition In MENA Region: The Role of Institutional And Political Factors.

2021 ◽  
Author(s):  
Haifa Saadaoui
Keyword(s):  
Renewable Energy ◽  
Financial Development ◽  
Energy Transition ◽  
Transition Process ◽  
Clean Energy ◽  
Mena Region ◽  
Political Factors ◽  
Long Run ◽  
The Impact

Abstract This study focuses on the role of institutional factors as well as financial development in renewable energy transition in Middle East and North Africa (MENA) region over the period 1990-2018 using the ARDL PMG method. The investigation of long-run and short-run analysis confirms that institutional and political factors play a key role in promoting the transition to renewable energy, and shows that improving these factors can lead to decarbonization of the energy sector in the long run. Another important finding is that global financial development does not have a significant effect on the transition process in the long run, implying that the whole financial system needs a fundamental structural change to accelerate the substitution between polluting and clean energies. However, in the short term, the impact appears to be negative and significant, highlighting the inadequacy of financial institutions and financial markets in promoting the region’s sustainable path. Moreover, income drives the transition to renewable energy in both short and long term. The causality results show that both financial development and institutional quality lead to renewable energy transition, while there is a bidirectional link between income and renewable energy.This study can provide a very useful recommendation to promote a clean transition in the MENA region.

scholarly journals Statistical Evidence on the Role of Energy Cooperatives for the Energy Transition in European Countries

2018 ◽  
Vol 10 (9) ◽  
pp. 3339 ◽  
Author(s):  
August Wierling ◽  
Valeria Schwanitz ◽  
Jan Zeiß ◽  
Celine Bout ◽  
Chiara Candelise ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Empirical Evidence ◽  
Current Literature ◽  
Energy Transition ◽  
Statistical Evidence ◽  
European Countries ◽  
Accounting System

The share of renewable energy is increasing throughout Europe. Yet, little is known about how much can be attributed to different actors, other than those commercially active. This paper provides empirical evidence of activities by energy cooperatives in the field of renewable energy in four different European countries. It draws from a database consisting of 2671 entries, contrasting results from current literature. We find that energy cooperatives are important enablers of the energy transition. However, their role is shrinking in recent years due to a tightening or removal of supportive schemes. We conclude that it is necessary to develop a systematic accounting system to properly track and make visible the contributions by different actors. In turn, this will help to better model the likely speed of Europe’s energy transition.

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