scholarly journals Does Renewable Energy Development Decouple Economic Growth from CO2 Emissions?

2017 ◽  
Vol 3 ◽  
pp. 237802311668909 ◽  
Author(s):  
Richard York ◽  
Julius Alexander McGee
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Suppressive Effect ◽  
Electricity Production ◽  
Gdp Per Capita ◽  
Renewable Electricity ◽  
Renewable Energy Development ◽  
Per Capita

We assess how renewable electricity production interacts with GDP per capita to influence CO2 emissions per capita, analyzing cross-national data from 1960 to 2012. We find an interaction effect between the quantity of renewables and GDP per capita, where, counterintuitively, economic growth is more closely tied to emissions in nations with a large share of their electricity from renewable sources and growth of renewable electricity has a smaller suppressive effect on emissions in more affluent nations. Additional analyses suggest that this relationship emerges because renewable energy sources tend to suppress nuclear energy in affluent nations, thereby unintentionally perpetuating reliance on fossil fuels.

scholarly journals Expansion of Renewable Energy in Federal Settings: Austria, Belgium, and Germany in Comparison

2019 ◽  
Vol 29 (1) ◽  
pp. 147-168 ◽  
Author(s):  
Stefan Wurster ◽  
Christian Hagemann
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Qualitative Comparative Analysis ◽  
Policy Instruments ◽  
Energy System ◽  
Influential Factors ◽  
Electricity Production ◽  
Renewable Electricity ◽  
Federal States

In the face of accelerating climate change, the transition towards a nonnuclear renewable energy system represents a key political challenge, which can be aggravated by the increasing energy supply uncertainty created by the shift away from fossil fuels. In this article, we conduct a comparison of the expansion of renewable energy sources in Austria, Belgium, and Germany at the level of their subnational units (federal states), thereby covering three economically very important central European federal European Union members. We consider potentially influential factors in a fuzzy-set qualitative comparative analysis: In addition to state-specific socioeconomic and geographical characteristics, political factors, such as parties in government, and specific energy-related policy instruments are included in the analysis. We find that a high potential for renewable electricity expansion in combination with low financial prosperity is most likely to lead to a successful expansion of renewable electricity production from wind and photovoltaics.

scholarly journals Assessing the Potential of Renewable Energy Production as a Driver of Economic Growth

2021 ◽  
Vol 7 (522) ◽  
pp. 146-152
Author(s):  
V. I. Vostriakova ◽  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Production ◽  
Alternative Energy ◽  
Positive Impact ◽  
Renewable Energy Sources ◽  
Gdp Per Capita ◽  
Energy Sources ◽  
Correlation Relationship ◽  
Per Capita

The presented article aims to study the relationship between consumption and production of renewable energy and economic growth expressed in GDP per capita of the countries that invest the most in the development of renewable energy (USA, EU, China), and in the global dimension – for comparison with Ukraine and Russia. The World Bank’s secondary data for 1990-2015 and methodology of linear regression modeling were used for the research. An analytical review of the growing global investment potential of renewable energy in terms of general dynamics, sectors and leading countries in the context of investments in renewable energy sources was carried out. The results of correlation-regression analysis demonstrate a high correlation relationship between alternative energy consumption and economic growth of more developed countries with high GDP per capita than countries with lower GDP. The findings are consistent with other publications reviewed in the research. In addition, the increase in both China’s and the world’s GDP in the share of alternative energy production has a positive impact, and the increase in the share of consumption is negative. Whereas at the level of such countries as the USA, the European Union and Ukraine – on the contrary, consumption itself has a positive impact. The development of alternative energy has a negative impact on the economic growth of the Russian Federation in both indicators. According to the results of the carried out study, it can be summarized that countries with both high and low GDP should take all necessary measures to increase consumption and production of renewable energy sources, which provides for the formation of a favorable investment climate for large-scale investments in renewable energy, which, in turn, will lead to an increase in the pace of economic growth in the long term.

scholarly journals Renewable energy development in Hungary

2012 ◽  
pp. 73-77
Author(s):  
Orsolya Nagy
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Electricity Production ◽  
Energy Sources ◽  
The European Union ◽  
Fuel Prices ◽  
The Earth ◽  
Renewable Energy Development

Due to the exhaustion of the fossile fuel reserves of the Earth, the increase of fossile fuel prices and the difficulties concerning stable fuel supply, the increase of electricity production from renewable energy sources has a special strategic importance. In this study, I am going to evaluate the circumstances of the production and use of renewable energy sources in Hungary and in the European Union. I present the Hungarian economic, energy policy-related and social circumstances which make it necessary to support renewable energy production. I am going to give an overview on the related EU strategies concerning the sector and the Hungarian development plan in this field. I pay particular attention to the examination of development opportunities and the R&D activities going on in this area in Hungary, as well as the efficiency of the means used to improve renewable energy use.

Social, Environmental and Economic Impacts of Adopting Clean Energy Use

2019 ◽  
Vol 11 (4) ◽  
pp. 29-49 ◽  
Author(s):  
Muhammad Razi ◽  
Yousaf Ali
Keyword(s):  
Renewable Energy ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Crucial Issue ◽  
Per Capita ◽  
Social Environmental ◽  
Alternative Solutions

These days, the excessive industrialization, elevated levels of pollution, and the increased energy crisis has led nations towards the use of renewable energy sources. Through the use of renewable energy sources, global warming can also be decreased, which is currently the biggest environmental issue worldwide. Pakistan, being a developing country, relies on the use of fossil fuels for the generation of electricity. The alarming increase in population, energy consumption per capita and energy wastages lead to a shortfall. To resolve this crucial issue, the alternative solutions considered include the use of renewable sources of energy such as hydro, solar and wind. The use of these renewable energy sources is governed by various environmental, economic and social parameters. The influence of these parameters on the use of renewable energy sources is studied through the use of DEMATEL and revised DEMATEL techniques.

scholarly journals Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0253464
Author(s):  
M. S. Karimi ◽  
S. Ahmad ◽  
H. Karamelikli ◽  
D. T. Dinç ◽  
Y. A. Khan ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Gdp Per Capita ◽  
Bounds Testing ◽  
Renewable Energy Consumption ◽  
Economic Implications ◽  
Long Run ◽  
Per Capita

This study examines the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran between 1975–2017, and the bounds testing approach to cointegration and the asymmetric method was used in this study. The results reveal that in the long run increase in renewable energy consumption and CO2 emissions causes an increase in real GDP per capita. Meanwhile, the decrease in renewable energy has the same effect, but GDP per capita reacts more strongly to the rise in renewable energy than the decline. Besides, in the long run, a reduction of CO2 emissions has an insignificant impact on GDP per capita. Furthermore, the results from asymmetric tests suggest that reducing CO2 emissions and renewable energy consumption do not have an essential role in decreasing growth in the short run. In contrast, an increase in renewable energy consumption and CO2 emissions do contribute to boosting the growth. These results may be attributable to the less renewable energy in the energy portfolio of Iran. Additionally, the coefficients on capital and labor are statistically significant, and we discuss the economic implications of the results and propose specific policy recommendations.

scholarly journals Energy transition and willingness to pay for renewable energy: The case of environmental students

2021 ◽  
Vol 899 (1) ◽  
pp. 012048
Author(s):  
Evangelia Karasmanaki
Keyword(s):  
Social Media ◽  
Renewable Energy ◽  
Willingness To Pay ◽  
Energy Production ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy System ◽  
Electricity Production ◽  
Energy Sources

Abstract Examining willingness-to-pay (WTP) for renewable energy sources (RES) as well as views on energy topics can enable policymakers to design effective measures for facilitating the transition from fossil fuels to a renewable-based energy system. The aim of this study was to investigate environmental students’ willingness-to-pay for renewables and their views on various energy topics. Results showed that respondents preferred renewable-based electricity production to conventional energy production while solar energy emerged as the most preferred renewable type. In addition, most respondents were willing to pay for renewable energy but would pay relatively low sums of money per month. Moreover, respondents were divided over whether new lignite plants should be constructed in Greece. Finally, social media and special websites were the most favored media of daily information.

scholarly journals IMPACT OF RENEWABLE ENERGY SOURCES IN POWER SUPPLY OF INDIA– A SYSTEM DYNAMICS APPROACH

2013 ◽  
pp. 261-265
Author(s):  
DEEPANKAR PANDA
Keyword(s):  
Renewable Energy ◽  
System Dynamics ◽  
Power Supply ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Systematic Analysis ◽  
Total Potential ◽  
The Future ◽  
Per Capita

In this paper, an attempt is made to answer the question: Can renewable energy sources eventually supply India’s electricity needs in the future? In particular, we examine the total potential of renewable energy sources in India and extent to which they can supply these needs. The estimates made here indicate that even with a frugal per capita electricity need of 2000 kWh/annum and a stabilized population of 1500 million by 2025, India would need to generate approximately 3000 TWh/yr. As opposed to this, a systematic analysis of the information available on all the renewable energy sources indicates that the total potential is only around 1000 TWh/yr. It is concluded that in the future as fossil fuels are exhausted, renewable sources alone will not suffice for meeting India’s needs.

Development Issues of Alternative Energy in Algeria

2017 ◽  
Vol 379 ◽  
pp. 24-30
Author(s):  
Lamia Azouaou ◽  
Nassima Slimani ◽  
Amel Chadlia
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Development Program ◽  
Energy Development ◽  
Renewable Energies ◽  
Department Of Energy ◽  
Electricity Production ◽  
Pilot Projects ◽  
Renewable Energy Development

Nowadays, global warming is central to all discussions, as governments are trying to make decisions in order to slow the greenhouse effect. This lead to the creation of “sustainable development”, which relies on renewable energies in order to preserve the environment. The development issues of renewable energy in Algeria drove the Algerian State to integrate it in the national energy mix. It is a major challenge regarding the preservation of fossil fuels, diversification of electricity production chains and contribution to sustainable development. Algeria launched a renewable energy development program going from 2011 to 2030 in order to revive economic growth in this country. The program recently concluded its first phase dedicated to pilot projects and testing various technologies available. The Renewable Energies and Energy Efficiency Development Program (REEEDP), in the revised version by the services of the Department of Energy, has just been adopted with the conclusions highlighted by its first phase.the preservation of fossil fuels, diversification of electricity production chains and contribution to sustainable development. Algeria launched a renewable energy development program going from 2011 to 2030 in order to revive economic growth in this country. The program recently concluded its first phase dedicated to pilot projects and testing various technologies available. The Renewable Energies and Energy Efficiency Development Program (REEEDP), in the revised version by the services of the Department of Energy, has just been adopted with the conclusions highlighted by its first phase.

Energy Resources and Their Consumption

2022 ◽  
pp. 267-276
Author(s):  
Harpreet Kaur Channi
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Primary Source ◽  
Energy Sources ◽  
Total Capital ◽  
Growth Economic

Power is a significant cause of economic growth and crucial to the sustainability of the economy. Energy consumption is an indicator of a nation's economic growth. Economic growth is focused, among other aspects, on the long-term acquisition of affordable, existing resources, and their use does not pollute the environment. Industrialization serves economic growth and consumes energy. In 2018, 68% of total capital power was consumed by largest energy-intensive areas. When fossil fuel is the primary source of energy, energy consumption is positively correlated with ecosystem cleanliness. Fossil fuels account for more than 70% of the decent energy expectations of India and other economies. In this chapter, problems related to non-renewable energy sources are discussed, and emphasis is given to use more renewable sources.

scholarly journals Renewable Energy in the Electricity Sector and GDP per Capita in the European Union

Energies ◽  
2019 ◽  
Vol 12 (13) ◽  
pp. 2520 ◽  
Author(s):  
Mihaela Simionescu ◽  
Yuriy Bilan ◽  
Emília Krajňáková ◽  
Dalia Streimikiene ◽  
Stanisław Gędek
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
European Union Member State ◽  
Electricity Sector ◽  
Gdp Per Capita ◽  
Future Research ◽  
The European Union ◽  
Real Gdp Per Capita ◽  
Per Capita

Considering that the European Directive has imposed that at least 20% of the total energy should come from renewable energy sources (RES) by 2020 already and the specific targets for each European Union Member State, this paper attempts to assess the importance of GDP per capita in realizing these targets and also the effects of the RES share in electricity. Contrary to previous research, this paper does not consider the connection between economic growth and RES, but rather the potential connection between the share of RES in electricity and the real GDP per capita. The panel data models indicated to a positive, but very low impact of GDP per capita on the share of RES in electricity in the period of 2007–2017 in the case of the EU countries, except Luxembourg that has outlier values of GDP per capita. However, causality between the two variables was not identified. Some groups of countries were described according to these variables using cluster analysis. Future research should focus on the extension of this model by including other important variables such as RES potential available in the countries with specific geographical conditions.

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