scholarly journals Factors of Renewable Energy Consumption in the European Countries—The Bayesian Averaging Classical Estimates Approach

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7526
Author(s):  
Atif Maqbool Khan ◽  
Jacek Kwiatkowski ◽  
Magdalena Osińska ◽  
Marcin Błażejowski
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Structural Changes ◽  
Trade Openness ◽  
European Countries ◽  
Renewable Energy Consumption ◽  
Factors Affecting ◽  
Before And After ◽  
Bayesian Averaging ◽  
Comparison Of The Results

The paper aims to identify the most likely factors that determine the demand for energy consumption from renewable sources (renewable energy consumption—REC) in European countries. Although in Europe, a high environmental awareness is omnipresent, countries differ in scope and share of REC due to historical energetic policies and dependencies, investments into renewable and traditional energetic sectors, R&D development, structural changes required by energetic policy change, and many other factors. The study refers to a set of macroeconomic, institutional, and social factors affecting energetic renewable policy and REC in selected European countries in two points of time: i.e., before and after the Paris Agreement. The Bayesian Average Classical Estimates (BACE) is applied to indicate the most likely factors affecting REC in 2015 and 2018. The comparison of the results reveals that the Gross Domestic Product (GDP) level, nuclear and hydro energy consumption were the determinants significant in both analyzed years. Furthermore, it became clear that in 2015, the REC depended strongly on the energy consumption structure, while in 2018, the foreign direct investment and trade openness played their role in increasing renewable energy consumption. The direction of changes is gradual and positive. It complies with the Sustainable Development Goals (SDGs).

scholarly journals Factors of Renewable Energy Consumption in the European Countries – the Bayesian Averaging Classical Estimates Approach

2021 ◽  
Author(s):  
Atif Maqbool Khan ◽  
Jacek Kwiatkowski ◽  
Magdalena Osińska ◽  
Marcin Błażejowski
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Structural Changes ◽  
Trade Openness ◽  
European Countries ◽  
Renewable Energy Consumption ◽  
Factors Affecting ◽  
Before And After ◽  
Bayesian Averaging ◽  
Comparison Of The Results

The aim of the paper is to identify the most likely factors that determine the demand for Renewa-ble Energy Consumption (R.E.C.) in European countries. Although in Europe a high environmen-tal awareness is omnipresent, countries differ in scope and share of R.E.C. due to historical ener-getic policies and dependencies, investments into renewable and traditional energetic sectors, R&D development, structural changes required by energetic policy change, and many other fac-tors. The study refers to a set of macroeconomic, institutional, and social factors affecting energetic renewable policy and R.E.C. in selected European countries in two points of time: i.e., before and after the Paris Agreement. The Bayesian Average Classical Estimates (BACE) is applied to indicate the most likely factors affecting R.E.C. in 2015 and 2018. The comparison of the results reveals that the G.D.P. level, nuclear and hydro energy consumption were the determinants significant in both analyzed years. Furthermore, it became clear that in 2015 the R.E.C. depended strongly on the energy consumption structure, while in 2018, the foreign direct investment and trade openness played their role in increasing renewable energy consumption. The direction of changes is positive and complies with sustainable development goals (S.D.G.s).

scholarly journals Identification of factors affecting renewable energy consumption by country groups

2020 ◽  
Vol 157 ◽  
pp. 04033
Author(s):  
Irina Filimonova ◽  
Irina Provornaya ◽  
Vladislav Kozhevin
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
Rapid Development ◽  
Oil Prices ◽  
Energy Resources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Factors Affecting

The rapid development of renewable energy sources observed in recent years however has a number of limitations for different regions limited by non-price factors such as corruption and opacity of supporting institutions, lack the necessary technology to integrate renewable into the grid, lobbying and support of the interests of the owners of traditional energy sources and others. The article attempts to analyse the factors that affect the consumption of renewable energy sources in three groups of countries, pointing to the greater importance of such indicators as the share of R & d in GDP, the availability of traditional energy resources, oil prices, transparency of institutions for some countries and their lesser importance for others.

scholarly journals Trade Openness and Urbanization impact on Renewable and Non-Renewable Energy Consumption in China

2021 ◽  
Author(s):  
Jiabin han ◽  
Muhammad Zeeshan ◽  
Irfan Ullah ◽  
Alam Rehman ◽  
Fakhr E Alam Afridi
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Trade Openness ◽  
Renewable Energy Consumption ◽  
Urbanization Effect ◽  
Energy Inputs ◽  
Negative Effect ◽  
Development Goals ◽  
The Government ◽  
Almost All

Abstract This study investigates the trade openness and urbanization effect on renewable and non-renewable energy consumption in China for the period 1990-2018. We apply the Quantile Regression technique for the analysis, our results show that trade significantly increases the non-renewable energy consumption in all quintiles while partially increases renewable energy consumption. This shows that trade activities in production and export commodities heavily rely on non-renewable energy inputs instead of renewable energy inputs. Urbanization affects non-renewable energy consumption only in three quintiles, while its effect is insignificant in most of the quintiles. Similarly, Urbanization does not affect renewable energy consumption as in almost all quantiles the coefficients are statistically insignificant. This implies that urbanization is one of the determinant of energy consumption in China. The empirical findings of this study suggest some policy recommendations; first, the government needs to implement certain regulations while expanding trade to minimize the negative effect of non-renewable energy consumption; besides government should provide incentives to industrial units and traders for using renewable energy which may help to attain long term sustainable development goals.

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