RENEWABLE ENERGY CONSUMPTION, POLITICAL AND INSTITUTIONAL FACTORS: EVIDENCE FROM A GROUP OF EUROPEAN, ASIAN AND LATIN AMERICAN COUNTRIES

2015 ◽  
Vol 60 (01) ◽  
pp. 1550008 ◽  
Author(s):  
NICHOLAS APERGIS ◽  
SOFIA ELEFTHERIOU
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Clean Energy ◽  
Institutional Factors ◽  
Renewable Energy Consumption ◽  
Political Factors ◽  
Panel Causality ◽  
Short Run ◽  
Dynamic Relationships

This paper explores the dynamic relationships between renewable energy consumption and a number of institutional and political factors for a group of countries from Europe, Asia and Latin America spanning the period 1995–2011. The paper employs the methodology of long and short-run panel causality approach as well as the methodology of the panel Error Correction model. The empirical findings provide strong evidence that, after controlling the economic environment, both political and institutional factors exert a strong and statistically significant effect on renewable energy consumption. These findings are expected to have serious implications for policies related to clean energy.

scholarly journals Repercussions of Sustainable Agricultural Productivity, Foreign Direct Investment, Renewable Energy, and Environmental Decay: Recent Evidence from Latin America and the Caribbean

2021 ◽  
Vol 9 ◽  
Author(s):  
Sobia Naseem ◽  
Wang Hui ◽  
Muddassar Sarfraz ◽  
Muhammad Mohsin
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Environmental Sustainability ◽  
Renewable Energy Consumption ◽  
Speed Of Adjustment ◽  
Long Run ◽  
Short Run ◽  
The Relationship ◽  
Latin American And Caribbean

This research aimed to assess and implement the long- and short-run relationship of agriculture and environmental sustainability with control variables. Purposely, this research consolidated theoretical and conceptual principles to create a systematic structure in agriculture for the development of both sectors, i.e., agricultural and the environment. On this ground statement, this research was motivated to contemplate the relationship between carbon dioxide emission, agricultural production, gross domestic product, renewable energy consumption, and foreign direct investment using annual data series of Latin American and Caribbean countries from 1971 to 2018. Autoregressive distributed lag (ARDL) was used as an econometric methodology to examine the relationship among the variables. Agriculture is the most vulnerable sector in Latin American and Caribbean countries, and the economy is heavily dependent on it. The main results of this research indicated that agriculture and CO2 emissions were positively related to each other for the long and short run, which means that agricultural activities increased the CO2 emission levels. At the same time, the control variables showed mixed associations with environmental degradation as gross domestic product (GDP) was positively significant and renewable energy consumption was negatively significant. The error correction (ECt−1) term was negatively significant, confirming the long-run relationship and the speed of adjustment from short- to long-run equilibrium. Agricultural production and GDP led to increments in CO2 emissions, while renewable energy consumption negatively contributed to toxic emissions. The speed of adjustment in Latin American and Caribbean countries was nippy. It required 2.933 periods for the transformation from the short periodic phase to the long term. A comprehensive approach is the research debate rigorously and holistically based on divergent sectors of an economy and their relationship with environmental sustainability. The econometric method, symbolic system, and conceptual existence were designed originally.

Renewable Energy Consumption and its Main Drivers in Latin American and Caribbean Countries: A Robust Analysis Between Static and Dynamic Panel Data Models

2021 ◽  
Vol 9 (1) ◽  
pp. 37-61
Author(s):  
S. Menéndez-Carbo
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Energy Demand ◽  
Clean Energy ◽  
Dynamic Panel Data ◽  
Green Energy ◽  
Renewable Energy Consumption ◽  
Per Capita ◽  
Latin American And Caribbean

This study examines the potential drivers of renewable energy consumption for 22 Latin American and Caribbean countries during 2005–2014. I use the sys-GMM method to deal with the presence of endogeneity, countryspecific components and serial correlation within observations. Results confirm the dynamic behaviour of green energy consumption. Moreover, GDP per capita and CO2 emissions per capita are the determinants of this clean energy source. The positive effect of per capita GDP implies that a non-depleting alternative source has been used to satisfy an increasing energy demand, which was experienced due to the acceleration of economic growth in the region. On the other hand, the negative effect of per capita CO2 emissions reflects the weight that fossil fuels have in the energy mix. Because of some of the analysed countries’ oil-producer nature, oil prices rise is not enough for a switch response.

Agricultural land usage and tourism impact on renewable energy consumption among Coastline Mediterranean Countries

2018 ◽  
Vol 29 (8) ◽  
pp. 1438-1454 ◽  
Author(s):  
Andrew Adewale Alola ◽  
Uju Violet Alola
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emission ◽  
Agricultural Land ◽  
Tourism Development ◽  
Renewable Energy Consumption ◽  
Land Usage ◽  
Mediterranean Countries ◽  
Long Run ◽  
Short Run

Abstact This empirical study aims to investigate the dynamic response of renewable energy consumption to long-run disequilibrium and short-run impact of tourism development and agricultural land usage for the period of 1995 to 2014 in 16 Coastline Mediterranean Countries. For this reason, a dynamic Autoregressive Distributed Lag approach is employed in a multivariate and two-model framework such that carbon emission and gross domestic product are being controlled for in the models. Significantly, there is evidence of a joint impact of tourism development and agricultural land usage on renewable energy consumption. With a speed of adjustment of 21.6% from short-run disequilibrium to long run, their respective panel elasticities are 0.33 and negative 1.60 in the long run. Significant evidence shows that nine of the Coastline Mediterranean Countries have tourism development as a short-run factor while Slovenia and Cyprus exhibit a short-run common factor. Also, Granger causality evidences from carbon emission, gross domestic product and tourism development to renewable energy are all with feedbacks. However, Granger causality from agricultural land usage to renewable energy is without feedback. In the region, effective policy implementations through the collaborative effort of stakeholders will ensure a sustainable renewable energy development amidst agricultural and tourism activities.

scholarly journals Assessment of the Progress towards the Management of Renewable Energy Consumption in the Innovativeness Context—A Country Approach

Energies ◽  
2021 ◽  
Vol 14 (16) ◽  
pp. 5064
Author(s):  
Monika Sipa ◽  
Iwona Gorzeń-Mitka
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Clean Energy ◽  
Petroleum Products ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Renewable Sources ◽  
Significant Relationships ◽  
Decisive Action

The fact that European Union (EU) countries have adopted an ambitious plan to achieve zero greenhouse gas emissions by 2050 requires decisive action within the scope of innovation and of the level of energy consumption, especially of the energy from renewable sources. Being directed toward innovation within the scope of renewable energy technology, as well as the proper management of renewable energy consumption, are the main actions aimed at increasing the efficiency of using clean energy, and which also bring the EU closer to the implementation of the assumptions adopted in the European Green Deal. The aim of our study was to assess the progress toward the management of renewable energy consumption in the innovativeness context and the relationship between energy consumption and selected indicators of innovativeness in European Union countries. We present an original ranking assessment of the progress toward the management of renewable energy consumption and identify relationships between the energy consumption of selected energy sources (both renewable and non-renewable) and of selected innovation assessment indicators. The data used to develop the original rating were optimized using the procedures of the MULTIMOORA method, while the relationships between variables were identified through correlation analysis. Our findings provide evidence of significant relationships between the consumption of selected energy sources (in the group of non-renewable sources, e.g., peat and peat products and oil and petroleum products, and in the group of renewable sources, e.g., wind, biofuels, and renewable waste) and of selected indicators of innovation evaluation (e.g., human resources, finance, and support).

scholarly journals Exploring the Effects of Economic Complexity and the Transition to a Clean Energy Pattern on Ecological Footprint From the Indian Perspective

2022 ◽  
Vol 9 ◽  
Author(s):  
Xiaowen Wan ◽  
Atif Jahanger ◽  
Muhammad Usman ◽  
Magdalena Radulescu ◽  
Daniel Balsalobre-Lorente ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Ecological Footprint ◽  
Dominant Role ◽  
Clean Energy ◽  
Pollution Level ◽  
Renewable Energy Consumption ◽  
Economic Complexity ◽  
Long Run

The study explores the association between economic complexity, globalization, renewable and non-renewable energy consumption on the ecological footprint in the case of India from 1990–2018. The autoregressive distributed lag (ARDL) is applied to measure the long-run elasticity, while the vector error correction model (VECM) is applied to classify the causal path. The empirical findings demonstrate that economic complexity, globalization process, and renewable energy consumption play a dominant role in minimizing environmental degradation. In contrast, economic growth and non-renewable energy consumption are more responsible for increasing the pollution level in both the short and long run. Furthermore, the VECM outcomes disclose that there is long-run causality between ecological footprint and economic complexity. Moreover, the empirical outcomes are robust to various robustness checks performed for analysis to the consistency of our main results. The Indian government/policymakers should encourage a more environmentally friendly production process and eco-friendly technologies in exports to minimize environmental degradation.

scholarly journals The Effect of Renewable Energy Consumption on Sustainable Economic Development: Evidence from Emerging and Developing Economies

Energies ◽  
2019 ◽  
Vol 12 (15) ◽  
pp. 2954 ◽  
Author(s):  
Mun Ahmed ◽  
Koji Shimada
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Developing Economies ◽  
Least Square ◽  
Renewable Energy Consumption ◽  
The World ◽  
The Caribbean

The objective of the paper is to figure out the nexus between renewable energy consumption and sustainable economic development for emerging and developing countries. In this paper, a panel of 30 emerging and developing countries is selected using the World Development Indicators (WDI) of the World Bank, Renewable Energy Country Attractiveness Index (RECAI) by Ernst and Young, and a random selection method based on the current trend of renewable energy consumption for five different regions of the world i.e., Asia, South-Asia, Latin America, Africa and the Caribbean. To achieve the objective, robust panel econometric models such as the Pesaran cross-section dependence (CD) test, second generation panel unit root test, e.g., cross-sectional augmented IPS test (CIPS) proposed by Pesran (2007), panel co-integration test, fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) are applied to check the cross-sectional dependence, heterogeneity and long-term relationship among variables. The panel is strongly balanced and the findings suggest a significant long-run relationship between renewable energy consumption and economic growth for selected South Asian, Asian and most of the African countries (Ghana, Tunisia, South Africa, Zimbabwe and Cameroon). But for the Latin American and the Caribbean countries, economic growth depends on non-renewable energy consumption. Renewable energy consumption in the selected countries of these two regions are still at the initial stage. In case of the renewable energy consumption and CO 2 emissions nexus, for selected South Asian, Asian, Latin American and African countries both GDP and non-renewable energy consumption cause the increase of CO 2 emissions. For the Caribbean countries only non-renewable energy consumption causes the increase of CO 2 emissions. An important finding regarding renewable energy consumption-economic growth nexus indicates the existence of bi-directional causality. This supports the existence of a feedback hypothesis for the emerging and developing economies. In the case of renewable energy consumption- CO 2 emissions nexus, there exists unidirectional causality. This supports the existence of the conservation hypothesis, where CO 2 emissions necessitates the renewable energy consumptions. Based on the findings, the study proposes possible policy options. The countries, who have passed the take-off stage of renewable energy consumption, can take advanced policy initiatives e.g., feed-in tariff, renewable portfolio standard and green certificate for long-term economic development. Other countries can undertake subsidy, low interest loan and market development to facilitate the renewable energy investments.

The Influence of Air Pollution and Clean Energy on Tuberculosis: The Moderating Role of Urbanization

2020 ◽  
Author(s):  
Farzan YAHYA ◽  
Muhammad RAFIQ
Keyword(s):  
Carbon Dioxide ◽  
Air Pollution ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Clean Energy ◽  
Renewable Energy Consumption ◽  
System Gmm ◽  
Moderating Role

Background: Air pollution is one of the major threats to human health and well-being. This study aimed to explore the effect of renewable energy consumption and carbon dioxide emissions on tuberculosis (TB) incidences. It further investigates the moderating role of urbanization on the relationship between underlying factors and TB. Methods: The data of 183 countries over the period 2000 to 2014 were collected and a two-step system GMM technique was utilized to reduce the endogeneity issue. Additionally, we divided the sample into two sub-panels based on country risk for more robust estimates. Results: Carbon dioxide emissions increase the incidences of TB while renewable energy consumption could restrict these cases. On the other hand, urbanization is positively associated with TB in high-risk. System-GMM estimates also indicated that urbanization further strengthens the positive association between CO2 emissions and tuberculosis. Conclusion: Climate-friendly energy technologies, surveillance, and adequate city planning can act as effective mechanisms to improve public health.

scholarly journals Impact of Clean Energy on CO2 Emissions and Economic Growth within the Phases of Renewables Diffusion in Selected European Countries

Energies ◽  
2021 ◽  
Vol 14 (4) ◽  
pp. 812
Author(s):  
Mariola Piłatowska ◽  
Andrzej Geise
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Clean Energy ◽  
Annual Data ◽  
Low Carbon ◽  
Renewable Energy Consumption ◽  
Two Phases ◽  
The Impact

This study explores the impact of clean energy and non-renewable energy consumption on CO2 emissions and economic growth within two phases (formative and expansion) of renewable energy diffusion for three selected countries (France, Spain, and Sweden). The vector autoregression (VAR) model is estimated on the basis of annual data disaggregated into quarterly data. The Granger causality results reveal distinctive differences in the causality patterns across countries and two phases of renewables diffusion. Clean energy consumption contributes to a decline of emissions more clearly in the expansion phase in France and Spain. However, this effect seems to be counteracted by the increases in emissions due to economic growth and non-renewable energy consumption. Therefore, clean energy consumption has not yet led to a decoupling of economic growth from emissions in France and Spain; in contrast, the findings for Sweden evidence such a decoupling due to the neutrality between economic growth and emissions. Generally, the findings show that despite the enormous growth of renewables and active mitigation policies, CO2 emissions have not substantially decreased in selected countries or globally. Focused and coordinated policy action, not only at the EU level but also globally, is urgently needed to overhaul existing fossil-fuel economies into low-carbon economies and ultimately meet the relevant climate targets.

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