scholarly journals Socioeconomic Determinants of Renewable Energy Production in Emerging and Developed Countries

2021 ◽  
Author(s):  
Suzanna Elmassah
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Renewable Energy Sources ◽  
Developed Countries ◽  
Emerging Countries ◽  
Oil Price ◽  
Annual Data ◽  
Long Run ◽  
Renewable Energy Production ◽  
Short Run

Abstract Energy is essential for development and economic growth, but traditional non-renewable energy sources are finite and have significant adverse environmental impacts. Therefore, there is an increasing interest in energy generation from renewable sources. However, research to date in this field does not sufficiently identify the common factors determining the uptake of renewable energy in emerging and developed countries. This paper addresses that gap by identifying the complex interrelationships between factors that determine the extent to which countries convert to renewable energy. The article's primary focus is a detailed statistical analysis of 10 developed and 16 emerging countries using annual data from 1976–2018. The objective is to examine the interrelationships and elasticities between increased production of renewable energy and three key socioeconomic variables; GDP, CO2 emissions, and oil price. This research uses panel data and time-series analyses to identify panel and country-specific elasticity of renewable energy production and dynamic causal relationships between these variables. It also applies fully modified and dynamic ordinary least square approaches. The study details the different interactions between the variables in each country. It uses an autoregressive distributed lag model to determine the long and short-run dynamics between renewable energy production and the three variables in each country. The paper shows there was a long-run elasticity between renewable energy and GDP in the developed countries and short-run dynamics between renewable energy and the other two variables. Whereas in the emerging countries category, there were long-run relationships between renewable energy and GDP, CO2 emissions, and oil price.

Energy Policy Issues in Turkey

2017 ◽  
Vol 6 (3) ◽  
pp. 50-65
Author(s):  
Dilek Temiz Dinç ◽  
Aytaç Gökmen ◽  
Zehra Burçin Kanık
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Production ◽  
Fossil Fuels ◽  
Renewable Energy Resources ◽  
Causality Test ◽  
Long Run ◽  
Renewable Energy Production ◽  
Short Run ◽  
The Republic

Energy is the source of development of the mankind and an indispensable input for economic growth. Currently, most of the energy consumed in the world is composed of fossil fuels which are not environmentally friendly and reliable since their prices are volatile and their supply compels importing countries dependent on energy exporting countries. Thus, a good remedy to reduce fossil fuel dependency is to utilize more renewable energy resources. Renewable resources can be replenished quickly, are almost infinite and would lead a country to sustainable development. The Republic of Turkey is a net importer of energy. The diversification of energy sources and supply security is of great importance for it. Thus, the objective of this study is to analyze the relationship between renewable energy production and economic growth in Turkey by using Johansen Cointegration Test, Vector Error Correction Model (VECM), Granger Causality Test and the Augmented Dickey-Fuller Test (ADF). Consequently, both long run and short run a casualty running from GDP growth to renewable energy production is determined in the study.

scholarly journals The Impact of Environmental Policy Stringency on Renewable Energy Production in the Visegrad Group Countries

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6225
Author(s):  
Justyna Godawska ◽  
Joanna Wyrobek
Keyword(s):  
Renewable Energy ◽  
Environmental Policy ◽  
Energy Production ◽  
Positive Impact ◽  
Policy Instruments ◽  
Long Run ◽  
Renewable Energy Production ◽  
Short Run ◽  
Per Capita ◽  
The Impact

Various environmental policy instruments supporting the development of renewable energy are used on an increasing scale as part of the policy of mitigating climate change and more. In our paper, we examine the influence of environmental policy stringency on renewable energy production in the Czech Republic, Hungary, Poland and Slovakia for the period 1993–2012 after controlling for gross domestic product per capita growth, CO2 emissions per capita and income inequality. We use the Panel Pooled Mean Group Autoregressive Distributive Lag model to analyze the long-run and the short-run relationship between restrictiveness of environmental policy and renewable energy generation. The results reveal that, in the long run, a more stringent environmental policy has a positive impact both on the increase in the absolute volume of renewable energy production, as well as on the replacement of energy from fossil sources. Our main findings indicate that renewable energy production is positively influenced not only by the stringency of instruments aimed directly at the development of this energy sector, but also by the stringency of instruments with other environmental goals and by the overall level of restrictiveness of the environmental policy.

scholarly journals Special Issue on Cutting-Edge Technologies for Renewable Energy Production and Storage

2020 ◽  
Vol 10 (3) ◽  
pp. 837
Author(s):  
Matteo Prussi
Keyword(s):  
Renewable Energy ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Energy Production ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Special Issue ◽  
Gas Emissions ◽  
Renewable Energy Production ◽  
And Storage

Anthropogenic greenhouse gas emissions are dramatically influencing the environment, and research is strongly committed in proposing alternatives, mainly based on renewable energy sources [...]

scholarly journals Determinants of fiscal policy behavior in Nigeria

2019 ◽  
Vol 16 (2) ◽  
pp. 1-13 ◽  
Author(s):  
Patrick Ologbenla
Keyword(s):  
Fiscal Policy ◽  
Government Expenditure ◽  
Commodity Price ◽  
Oil Price ◽  
Annual Data ◽  
Government Revenue ◽  
Long Run ◽  
Short Run ◽  
Fiscal Behavior ◽  
Policy Behavior

The study investigated the factors that determine fiscal behavior in Nigeria. The vulnerability of fiscal policy framework in Nigeria to different shocks and the attendant effects on the behavior of fiscal policy are parts of the reasons that prompted this research work. Annual data between 1980 and 2015 on core fiscal variables such as government revenue, government expenditure, fiscal balance, public debt, as well as other variables such as oil price, exchange rate, and inflation rate commodity price among others, are used. The Auto-Regressive Distributed Lag ARDL estimating technique is used to analyze both the long-run and short-run effects of these variables on fiscal behavior in Nigeria. Findings from the study show that fiscal policy in Nigeria is highly vulnerable to shocks from these variables mostly in the short run. Notwithstanding, variables like government revenue, government expenditure, regime of administration, oil price and commodity price volatilities all have sustained effects till the long-run periods. It was discovered that oil price movements is not the only external factor that has pronounced effects on fiscal behavior, but commodity prices volatility generally constitutes an important influential factor in determination of fiscal policy behavior in Nigeria.

Energy Policy Issues in Turkey

2020 ◽  
pp. 1152-1168
Author(s):  
Dilek Temiz Dinç ◽  
Aytaç Gökmen ◽  
Zehra Burçin Kanık
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Production ◽  
Renewable Energy Resources ◽  
Causality Test ◽  
Long Run ◽  
Renewable Energy Production ◽  
Augmented Dickey Fuller ◽  
The Republic ◽  
Johansen Cointegration Test

Energy is the source of development of the mankind and an indispensable input for economic growth. Currently, most of the energy consumed in the world is composed of fossil fuels which are not environmentally friendly and reliable since their prices are volatile and their supply compels importing countries dependent on energy exporting countries. Thus, a good remedy to reduce fossil fuel dependency is to utilize more renewable energy resources. Renewable resources can be replenished quickly, are almost infinite and would lead a country to sustainable development. The Republic of Turkey is a net importer of energy. The diversification of energy sources and supply security is of great importance for it. Thus, the objective of this study is to analyze the relationship between renewable energy production and economic growth in Turkey by using Johansen Cointegration Test, Vector Error Correction Model (VECM), Granger Causality Test and the Augmented Dickey-Fuller Test (ADF). Consequently, both long run and short run a casualty running from GDP growth to renewable energy production is determined in the study.

Limiti e prospettive delle fonti rinnovabili in Italia

2009 ◽  
pp. 163-179
Author(s):  
Domenico Coiante
Keyword(s):  
Renewable Energy ◽  
Energy Balance ◽  
Energy Production ◽  
Renewable Energy Sources ◽  
Power Level ◽  
Energy Potential ◽  
Renewable Sources ◽  
Practical Result ◽  
Grid Connection ◽  
Renewable Energy Production

- The Italian energy balance for year 2005 is discussed with particular attention on renewable energy production. The potentials of renewable sources are evaluated in terms of energy density that can be obtained from occupied plant area. About 20000 km2 of sunny barren lands are present in South of Italy, particularly suitable for photovoltaic plants and that corresponds to a potential production of 144 Mtep of primary energy. Therefore, in theory, the photovoltaic energy potential is comparable with energy balance. The grid connection limit due to intermittent power generation of photovoltaic and wind energy systems is considered in relation with the stability of grid power level. Assuming a 25% maximum grid penetration of intermittent power with respect to capacity of active thermoelectric generators, the renewable energy contribution amounts to about 2% of annual energy balance. In front of expectations for a larger contribution, the practical result is the renewable energy production of present systems is marginal, unsuitable for counteracting the global climate crisis. The conclusion is that, for exploiting the large renewable energy potential, is necessary to implement the plants with an energy storage system able to overcome the source intermittency. Without this improvement, the expectations on renewable energy sources could be disappointed.Key words: intermittent renewable sources, energy production limit, grid connection

scholarly journals Investigating the Asymmetry Effects of Crude Oil Price on Renewable Energy Consumption in the United States

2021 ◽  
Author(s):  
Pritish Sahu ◽  
Sakiru Adebola Solarin ◽  
Usama Al-mulali ◽  
Ilhan Ozturk
Keyword(s):  
Renewable Energy ◽  
Crude Oil ◽  
Energy Use ◽  
Oil Prices ◽  
The United States ◽  
Oil Price ◽  
Crude Oil Price ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Short Run

Abstract The reduction in oil prices might make crude oil a cheaper alternative to renewable energy. Given this, the present paper examines the effect of fluctuation of oil prices on the use of renewable energy in the United States during the period 1970–2019. We constructed two nonlinear Autoregressive Distributed Lag (NARDL) models to examine the effect of the positive and negative oil prices shocks on the use of renewable energy in the US. The renewable energy consumption is taken as the dependent variable and GDP, Brent crude prices, population density, trade openness and price index as independent variables. The result revealed that the rise in crude oil price, GDP and population density will increase renewable energy use in the short run and in the long run as well. Moreover, the study finds that any decrease in oil prices will decrease renewable energy use in the short run and its effect will eventually diminish in the long run.

scholarly journals On the Influence of Renewable Energy Sources in Electricity Price Forecasting in the Iberian Market

Energies ◽  
2019 ◽  
Vol 12 (11) ◽  
pp. 2082 ◽  
Author(s):  
Diego Aineto ◽  
Javier Iranzo-Sánchez ◽  
Lenin G. Lemus-Zúñiga ◽  
Eva Onaindia ◽  
Javier F. Urchueguía
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Renewable Energy Sources ◽  
Electricity Price ◽  
Price Forecasting ◽  
Explanatory Variables ◽  
Electricity Price Forecasting ◽  
Renewable Energy Production ◽  
Eu Policies

The mainstream of EU policies is heading towards the conversion of the nowadays electricity consumer into the future electricity prosumer (producer and consumer) in markets in which the production of electricity will be more local, renewable and economically efficient. One key component of a local short-term and medium-term planning tool to enable actors to efficiently interact in the electric pool markets is the ability to predict and decide on forecast prices. Given the progressively more important role of renewable production in local markets, we analyze the influence of renewable energy production on the electricity price in the Iberian market through historical records. The dependencies discovered in this analysis will serve to identify the forecasts to use as explanatory variables for an electricity price forecasting model based on recurrent neural networks. The results will show the wide impact of using forecasted renewable energy production in the price forecasting.

scholarly journals The Result of Residential Segment of Renewable Energy Production in Hungary

2018 ◽  
Vol 9 (1) ◽  
pp. 139-142
Author(s):  
Balázs Kulcsár
Keyword(s):  
Renewable Energy ◽  
Energy Dependence ◽  
Energy Security ◽  
Energy Cost ◽  
Energy Production ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Electricity Supply ◽  
Renewable Energy Production

Abstract The proportion of renewable energy sources must be increased to reduce the energy dependence and energy cost of municipalities, to increase energy security and to consider aspects of the environment. The purpose of this research is to determine how and to what extent small-size household power plants (SSHPP) – which belong to the category of smallest-scale power plants –can contribute to providing the electricity supply with regard to all the Hungarian settlements.

scholarly journals THE IMPACT OF ALTERNATIVE AND RENEWABLE ENERGY ON GLOBAL CLIMATE CHANGE

2020 ◽  
Vol 5 (2(71)) ◽  
pp. 18-25
Author(s):  
Joshgun Mammadov
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Carbon Tax ◽  
Negative Impact ◽  
Global Climate ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Production ◽  
The Impact

The article focuses on the negative impact of traditional energy sources and the analysis of its complications on the environment. It has been suggested to use widespread of non-traditional, alternative and renewable energy sources in order to eliminate dependencies on these sources. The article also examines the role of tax policy in the international area towards increasing alternative and renewable energy production and explores implemented measures. As a result, the importance of employment of Carbon tax which is of particular importance in the development of alternative and renewable energy production has been emphasized.

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