scholarly journals The Impact of Oil Price on Transition Toward Renewable Energy Consumption? Evidence from Russia

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2947
Author(s):  
Rıdvan Karacan ◽  
Shahriyar Mukhtarov ◽  
İsmail Barış ◽  
Aykut İşleyen ◽  
Mehmet Emin Yardımcı
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Oil Price ◽  
Future Research ◽  
Renewable Energy Consumption ◽  
The Impact

This research investigates the impact of oil price, income and carbon dioxide emissions on renewable energy consumption in Russia for the data period from 1990 to 2015, using the Vector Error Correction Models and the Canonical Cointegrating Regression method. This article is the only study conducting individual time-series analysis that emphasizes the effect of oil price on renewable energy consumption in the case of Russia. The results of empirical analysis conclude that oil price affects renewable energy consumption negatively. The negative oil price effects on renewable energy use can be interpreted as a sign of issue that stems from higher oil prices and slows the transition from conventional to renewable energy sources. Additionally, we found that there is a positive and statistically significant influence of real GDP per capita as a proxy of income on renewable energy consumption, whereas the carbon dioxide emissions have a negative and statistically insignificant influence on renewable energy consumption. Considering these empirical results, Russia, which has a significant share in energy production in the world, should focus on the use of renewable energy in order to maintain this superiority and its sustainability. The findings of this paper may be useful to policymakers and may help to contribute to existing literature for future research in the case of oil-exporting countries.

scholarly journals The Negative Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: An empirical evidence from South American Countries

2017 ◽  
Vol 6 (5) ◽  
Author(s):  
Matheus Koengkan ◽  
José Alberto Fuinhas
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Negative Impact ◽  
South American ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Short Run ◽  
The Impact

The impact of renewable energy consumption on the carbon dioxide emissions was analyzed for a panel of ten South American countries in a period from 1980 to 2012. The Autoregressive r to decompose the total effect of renewable energy consumption on the carbon dioxide emissions in its short- and long-run components. The results indicate that the consumption of renewable energy reduce the carbon dioxide emissions in -0.0420 % when the consumption of alternative sources increases in 1% in short-run. Keywords: Renewable energy, environmental, energy economics, econometric. 

scholarly journals THE IMPACT OF RENEWABLE ENERGY CONSUMPTION ON CARBON DIOXIDE EMISSIONS - THE CASE OF SOUTH AMERICAN COUNTRIES

2018 ◽  
Vol 7 (2) ◽  
Author(s):  
Matheus Da Costa Koengkan ◽  
José Alberto Fuinhas
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Fossil Fuels ◽  
South American ◽  
Renewable Energy Consumption ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

The impact of renewable energy consumption on the carbon dioxide emissions was analyzed for a panel of ten South American countries in a period from 1980 to 2012. The Autoregressive Distributed Lag Methodology was used in order to decompose the total effect of renewable energy consumption on the carbon dioxide emissions in its short- and long-run components. The results indicate that the consumption of renewable energy reduce the carbon dioxide emissions in -0.0420 % when the consumption of alternative sources increases in 1% in short-run. The empirical evidence shows that the renewable consumption plays an important role in reducing CO2 emissions and that the economic growth and energy consumption in the South American countries are still based on fossil fuels.  Keywords: Environmental, Energy economics, Econometric.

scholarly journals Do High Oil Prices Obstruct the Transition to Renewable Energy Consumption?

2020 ◽  
Vol 12 (11) ◽  
pp. 4689 ◽  
Author(s):  
Shahriyar Mukhtarov ◽  
Jeyhun I. Mikayilov ◽  
Sugra Humbatova ◽  
Vugar Muradov
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Negative Impact ◽  
Oil Prices ◽  
Oil Price ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Carbon Dioxide Co2 ◽  
The Impact

The study analyzes the impact of economic growth, carbon dioxide (CO2) emissions, and oil price on renewable energy consumption in Azerbaijan for the data spanning from 1992 to 2015, utilizing structural time series modeling approach. Estimation results reveal that there is a long-run positive and statistically significant effect of economic growth on renewable energy consumption and a negative impact of oil price in the case of Azerbaijan, for the studied period. The negative impact of oil price on renewable energy consumption can be seen as an indication of comfort brought by the environment of higher oil prices, which delays the transition from conventional energy sources to renewable energy consumption for the studied country case. Also, we find that the effect of CO2 on renewable energy consumption is negative but statistically insignificant. The results of this article might be beneficial for policymakers and support the current literature for further research for oil-rich developing countries.

scholarly journals IMPACT OF MODAL CHOICE IN ENERGY CONSUMPTION AND CARBON DIOXIDE EMISSIONS: ANALYSIS OF BRAZILIAN BIOETHANOL SUPPLY CHAIN

2016 ◽  
Vol 13 (2) ◽  
pp. 138 ◽  
Author(s):  
Juliana Monteiro Lopes ◽  
Ilton Curty Leal Junior ◽  
Vanessa De Almeida Guimarães
Keyword(s):  
Supply Chain ◽  
Renewable Energy ◽  
Life Cycle ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Total Energy Consumption ◽  
South Central

Currently, concerns with sustainable development lead organizations to improve their production processes in order to reduce greenhouse gases emission and energy consumption. Since the bioethanol supply chain is a CO2 emitter and depends on several energy sources, it becomes important to analyze how to improve this chain regarding environmental issues. Thus, this paper presents a comparative study of scenarios with bioethanol supply chain configurations which use different modal alternatives and renewable energy in all its mid-stages. The analysis was based on LCA (life cycle analysis) concepts and in a partial application of LCI (life cycle inventory), so that we can identify which of these scenarios is most appropriate in terms of lower total energy consumption, greater share of renewable energy use and lower CO2 emissions. Based on concepts found in the bibliographic research, the methodology used and the data collected from documental research, this paper analyzes the supply chain that begins with sugarcane plantation and bioethanol production in the south central region of Brazil with destination to export. Based on the results, we concluded that it is possible to improve the performance of the supply chain in environmental terms with a combination of renewable energy sources and modes of transport that are more suitable to the product studied.

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