scholarly journals The Impact of Renewable Energy Sources on the Economic Growth of Poland and Sweden Considering COVID-19 Times

Energies ◽  
2022 ◽  
Vol 15 (1) ◽  
pp. 332
Author(s):  
Bogusław Ślusarczyk ◽  
Patrycja Żegleń ◽  
Aldona Kluczek ◽  
Anna Nizioł ◽  
Małgorzata Górka
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Statistical Significance ◽  
National Income ◽  
Energy Sources ◽  
Government Officials ◽  
Analysis Of Results ◽  
The Impact

A demonstration of the relationship between the share of renewables in gross marginal energy and selected countries’ economic growth is the basis of this research. The paper seeks to investigate mutual correlations between renewable energy sources and economic growth for two EU economies and how it influences their fluctuations (increase and decrease). The comparative analysis of results was carried out for less-income Polish and high-income Swedish economies. This research used a regression model to answer the research questions examining the presence of correlations between renewable energy sources in gross marginal energy consumption and economic growth. This study analyzes data starting from 1991 to 2022. The results indicated a positive correlation (statistical significance) between Gross Domestic Product and Gross National Income variables for Sweden (84.6% and 83.7%, respectively) and Poland (79.9% and 79.2%, respectively), which influence the use of renewable energy sources. The findings also reveal that the higher economic growth caused by the use of renewables is observed for the leading countries but at the same time the risk of a greater recession is much more likely than in other countries. These findings would help government officials and policymakers to better understand the role of renewable energy in the economic growth of these countries. This study has contributed to the literature on renewable energy sources and statistical reports under the EU energy sector framework.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals Analyzing the Impact of the Renewable Energy Sources on Economic Growth at the EU Level Using an ARDL Model

Mathematics ◽  
2020 ◽  
Vol 8 (8) ◽  
pp. 1367 ◽  
Author(s):  
Mihail Busu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Regression Model ◽  
Negative Impact ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Causality Analysis ◽  
The Impact ◽  
The Eu

Energy is one of the most important drivers of economic growth, but as the population is increasing, in normal circumstances, in all countries of the world, there is a demand for energy produced from conventional resources. Increasing prices of conventional energy and the negative impact on the environment are two of the main reasons for switching to renewable energy sources (RESs). The aim of the paper is to quantify the impact of the RESs, by type, on the sustainable economic growth at the European Union (EU) level. The research was performed for all 28 EU member states, for a time frame from 2004 to 2017, through a panel autoregressive distributed lag (ARDL) approach and causality analysis. Furthermore, Hausman test was performed on the regression model. By estimating the panel data regression model with random effects, we reveal through our results that RESs, namely wind, solar, biomass, geothermal, and hydropower energy, have a positive influence on economic growth at EU level. Moreover, biomass has the highest impact on economic growth among all RES. In fact, a 1% increase in biomass primary production would impact the economic growth by 0.15%. Based on econometric analysis, our findings suggest that public policies at the EU level should be focused on investment in RESs.

scholarly journals Predictable and Unpredictable Climate Variability Impacts on Optimal Renewable Energy Mixes: The Example of Spain

Energies ◽  
2020 ◽  
Vol 13 (19) ◽  
pp. 5132
Author(s):  
Aina Maimó-Far ◽  
Alexis Tantet ◽  
Víctor Homar ◽  
Philippe Drobinski
Keyword(s):  
Renewable Energy ◽  
Climate Variability ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Electricity System ◽  
Variable Nature ◽  
Markowitz Portfolio ◽  
The Impact ◽  
Mean Variance

We analyzed the role of predictable and unpredictable variability in the identification of optimal renewable energy mixes in an electricity system. Renewable energy sources are the fastest growing energy generation technology, but the variable nature of production linked to climate variability raises structural, technological and economical issues. This work proposes the differentiation of the treatment applied to predictable and unpredictable variability in the context of Markowitz portfolio theory for optimal renewable deployment. The e4clim model was used as a tool to analyze the impact of predictable sources of generation variability on the optimal renewable energy mixes. Significant differences appeared, depending on the consideration of risk, all of them showing room for improvement with respect to the current situation. The application of the methods developed in this study is encouraged in mean-variance analyses, since its contribution favors scenarios where unpredictable variability in the climate-powered renewable energy sources are considered for their risk introduction.

Measuring the effect of trade liberalisation on the consumption of non-renewable energy sources in Latin America & the Caribbean Countries

2021 ◽  
Vol 10 (4) ◽  
pp. 349-358
Author(s):  
Matheus Koengkan ◽  
José Alberto Fuinhas ◽  
Isabel Vieira
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Renewable Energy ◽  
Error Correction ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Trade Openness ◽  
Energy Sources ◽  
The Caribbean ◽  
The Impact

This article investigates the impact of trade openness on the consumption of fossil fuels for a panel of fourteen LAC countries over the period from 1990 to 2014. To this end, a PARDL model in unrestricted error-correction form is estimated. The results of the model regression point indicate that the impact of economic growth and elasticity of trade openness are statistically significant at the 1% level and contribute to increased consumption of fossil fuels in the LAC countries. However, the impact and elasticity of consumption of renewable energy are statistically significant at 1% and 5% levels and thus contribute to decreasing consumption of fossil fuels.

scholarly journals The Role of Renewable Energy Sources in Dynamics of Energy-Related GHG Emissions in the Baltic States

2021 ◽  
Vol 13 (18) ◽  
pp. 10215
Author(s):  
Vaclovas Miškinis ◽  
Arvydas Galinis ◽  
Inga Konstantinavičiūtė ◽  
Vidas Lekavičius ◽  
Eimantas Neniškis
Keyword(s):  
Renewable Energy ◽  
Population Change ◽  
Renewable Energy Sources ◽  
Ghg Emissions ◽  
Transport Sector ◽  
Energy Sources ◽  
Baltic Countries ◽  
The Baltic ◽  
The Impact

The deployment of renewable energy sources (RES) is an essential strategic objective of sustainable energy development in Estonia, Latvia and Lithuania. Their growing contribution to the total primary energy supply can significantly facilitate the transition to a low-carbon economy. The paper provides findings from an in-depth comparative analysis of RES deployment trends during 2010–2019 in the Baltic countries in the context of energy policy documents of the European Union (EU). The dynamics of targeted RES indicators according to the Renewables Directive 2009/28/EC and National Programmes and the role of renewable energies in mitigating climate change are analysed. A key role of the heating and cooling sector in deploying RES is highlighted and a necessity to implement radical changes in the transport sector of the Baltic countries is revealed. The paper examines changes in energy-related greenhouse gas (GHG) emissions and the impact of driving factors in Estonia, Latvia, Lithuania and other countries of the Baltic Sea Region (BSR). The Kaya identity and the logarithmic mean Divisia index (LMDI) method are used for the decomposition analysis. Based on the analysis conducted, the impact of population change, economic growth, decline of energy intensity, RES deployment and reduction of emission intensity on change of GHG emissions in countries of the BSR and, on average, in the EU-27 during 2010–2019 is revealed.

scholarly journals The Reaction of the Consumption of Fossil Fuels to Trade Openness in Latin America & the Caribbean Countries

2021 ◽  
Vol 22 (45) ◽  
Author(s):  
Matheus Koengkan ◽  
José Alberto Fuinhas ◽  
Isabel Vieira
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Fossil Fuels ◽  
Positive Impact ◽  
Renewable Energy Sources ◽  
Trade Openness ◽  
Energy Sources ◽  
The Caribbean ◽  
The Impact ◽  
Model Point

This article investigates the impact of trade openness and renewable energy on the consumption of fossil fuels for a panel of fourteen LAC countries over the period from 1990 to 2014. To this end, a PARDL model in unrestricted error-correction form is estimated, and robustness checks are performed by estimating a PNARDL model. The results of the PARDL model point indicate that the impact of economic growth and elasticity of trade openness are statistically significant at the 1% level and contribute to increased consumption of fossil fuels in the LAC countries. However, the impact and elasticity of consumption of renewable energy are statistically significant at 1% and 5% levels and thus contribute to decreasing consumption of fossil fuels. Nevertheless, the asymmetry of the impact of consumption of renewable energy and its elasticity decrease the consumption of fossil fuels. Therefore, the positive impact of trade openness on the consumption of fossil fuels suggests that the process of globalisation by trade liberalisation in the LAC countries is not sufficient to bring more investment that encourages R&D in energy efficiency technologies, and equipment that reduces the consumption of energy from non-renewable energy sources by households and firms.

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.

scholarly journals Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 332
Author(s):  
Janusz Grabara ◽  
Arsen Tleppayev ◽  
Malika Dabylova ◽  
Leonardus W. W. Mihardjo ◽  
Zdzisława Dacko-Pikiewicz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Direct Investment ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Integration Test ◽  
The Relationship

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

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