scholarly journals The Effect of Renewable Energy Development, Market Regulation, and Technological Innovation on CO2 Emission in BRICS Countries

2021 ◽  
Author(s):  
Shah Abbas ◽  
Peng Gui ◽  
Chen Ai ◽  
Najabat Ali
Keyword(s):  
Renewable Energy ◽  
Environmental Regulation ◽  
Technological Innovation ◽  
Carbon Emissions ◽  
Environmental Sustainability ◽  
Energy Development ◽  
Market Regulation ◽  
Brics Countries ◽  
Renewable Energy Development ◽  
Linear And Nonlinear

Abstract The relationship between energy, environment, and economic growth has been received a lot of attention recently among scientific studies, but environmental sustainability remains a global issue. Renewable energy production, technological advancement, and regulatory policy mechanisms can all help to reduce greenhouse gas emissions and support environmental sustainability. The purpose of this study was to look at the influence of renewable energy development, market regulation, and technological innovation on carbon emissions in the BRICS countries. Renewable energy development is measured by the contribution of renewables to the total primary energy supply. The market regulation represents the measure of environmental regulation policies that the state administrative department uses to manage or limit pollution. Technological innovation is measured by environment-related technologies. To examine the symmetric and asymmetric relationship between study variables, we used a second-generation panel unit root test, linear and nonlinear co-integration tests, and linear and nonlinear ARDL. Using a symmetric approach, we found that renewable energy development, technological innovation, and market-based environmental regulation policies had a considerable positive impact on lowering carbon emissions (CE). Furthermore, the combined effect of market regulation and renewable energy development, as well as market regulation and technology innovation on CE is negative and significant. In the asymmetric specification, we found that positive and negative shocks are not uniform but vary according to ascending and descending movement in the primary variables. In nonlinear specification, the long run effects are higher than the short run. The study suggests renewable energy development, technical innovation, and market-based regulation environmental policies are the main mechanisms to reduce carbon emission in BRICS countries.

scholarly journals Do Public–Private Partnership Investment in Energy and Technological Innovation Matter for Environmental Sustainability in the East Asia and Pacific Region? An Application of a Frequency Domain Causality Test

2021 ◽  
Vol 13 (6) ◽  
pp. 3039
Author(s):  
Tomiwa Sunday Adebayo ◽  
Sema Yılmaz Genç ◽  
Rui Alexandre Castanho ◽  
Dervis Kirikkaleli
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Frequency Domain ◽  
Co2 Emissions ◽  
Technological Innovation ◽  
Environmental Sustainability ◽  
Public Private Partnership ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Private Partnership

Environmental sustainability is an important issue for current scholars and policymakers in the East Asian and Pacific region. The causal and long-run effects of technological innovation, public–private partnership investment in energy, and renewable energy consumption on environmental sustainability in the East Asian and Pacific regions have not been comprehensively explored while taking into account the role of economic growth using quarterly data for the period 1992–2015. Therefore, the present study aims to close this literature gap using econometric approaches, namely Bayer–Hanck cointegration, autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least square (FMOLS) tests. Furthermore, the study utilizes the frequency domain causality test to capture the causal impact of public–private partnership investment in energy, renewable energy consumption, technological innovation, and economic growth on CO2 emissions. The advantage of the frequency domain causality test is that it can capture the causality between short-term, medium-term, and long-term variables. The outcomes of the ARDL, FMOLS and DOLS show that renewable energy consumption and technological innovation mitigate CO2 emissions, while public–private partnership investment in energy and economic growth increase CO2 emissions. Moreover, the frequency causality test outcomes reveal that technological innovation, public–private partnership investment in energy, and renewable energy consumption cause CO2 emissions, particularly in the long-term. Thus, as a policy recommendation, the present study recommends promoting renewable energy consumption by focusing more on technological innovation in the East Asia and Pacific regions.

scholarly journals Assessing the Level of Renewable Energy Development in the European Union Member States. A 10-Year Perspective

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3765
Author(s):  
Jarosław Brodny ◽  
Magdalena Tutak ◽  
Peter Bindzár
Keyword(s):  
European Union ◽  
Economic Development ◽  
Renewable Energy ◽  
Energy Development ◽  
The State ◽  
The European Union ◽  
Member States ◽  
Current State ◽  
Renewable Energy Development ◽  
European Union Countries

The global economic development is, to a great extent, dependent on access to large amounts of cheap energy sources. The growing social awareness of ecology and the enormous damage to the Earth’s ecosystem due to the production of energy from conventional sources have forced fundamental changes in the energy sector. Renewable energy is considered to be an opportunity for such changes. The current state of the art allows such changes to be made without restricting economic development. Therefore, activities related to the energy transition are being taken all over the world. The European Union has definitely managed to achieve the most tangible effects in this regard. This article presents the findings of the research aimed at presenting the current state of renewable energy in the European Union and analyzing the changes reported in this sector in the last decade. The research was carried out using a selected set of 11 indicators characterizing renewable energy in individual countries. These indicators were selected on the basis of literature review and own studies of the state of renewable energy and its development prospects. Based on these indicators, changes in the energy structure of individual European Union countries between 2008–2018 were determined. The study is divided into two main stages. The principal components analysis (PCA) was used for the first analysis. In turn, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) was adopted to assess the level of renewable energy development in the European Union countries. Both these methods and the extended statistical analysis were applied to determine the state of renewable energy development in the European Union countries in the studied period and to divide the Member States into classes with different levels of development. The results of the study showed that the EU countries are characterized by significant differences in the development of RES during the period in question. The unquestionable leaders in this respect are Sweden, Austria, Finland, and Latvia. Based on the findings, it is possible to evaluate the effects of activities related to renewable energy development and to prepare assumptions for future activities. Additionally, both the research and its findings broaden the knowledge of the directions of renewable energy development in individual European Union countries. This is particularly important in the context of changes related to the need to reduce harmful substance emissions and the implementation of the European Green Deal idea.

scholarly journals Clean Energies for Ghana—An Empirical Study on the Level of Social Acceptance of Renewable Energy Development and Utilization

2021 ◽  
Vol 13 (6) ◽  
pp. 3114
Author(s):  
Ephraim Bonah Agyekum ◽  
Ernest Baba Ali ◽  
Nallapaneni Manoj Kumar
Keyword(s):  
Renewable Energy ◽  
Social Acceptance ◽  
Energy Development ◽  
Willingness To Accept ◽  
Public And Private ◽  
Renewable Energy Development ◽  
Development And Utilization ◽  
The Government ◽  
Strongly Agree ◽  
Public And Private Sector

Despite the enormous renewable energy (RE) resources available in Ghana, the country has not seen much development and investments in the sector. Therefore, the government has committed to increasing the share of RE in the country’s electricity generation mix to some 10% by 2030. However, this cannot be achieved without the Ghanaian people’s support since the RE sector is capital intensive and requires both public and private sector participation. This study was conducted to evaluate RE’s social acceptance among Ghanaian people using the ordered logit regression model. A total of 999 valid questionnaires out of 1020 distributed questionnaires were considered for the study. The five-point Likert scale was employed to rank their willingness to accept (WTA) RE. From the results, it was observed that there is a general sense of acceptance of renewable energy among Ghanaians. However, the level of acceptance varies from one respondent to another. The study observed that a majority of the respondents (i.e., approximately 45.65%) agree to their WTA renewable energy, while 36.04% strongly agree. The results also indicate that while 6.21% and 0.3% disagree and strongly disagree, 11.81% of the respondents were indifferent regarding their willingness to accept renewable energy development and utilization in Ghana.

Sign in / Sign up

Export Citation Format

Share Document