Energy Resources and Their Consumption

Primary Source ◽

Energy Sources ◽

Total Capital ◽

Growth Economic

Power is a significant cause of economic growth and crucial to the sustainability of the economy. Energy consumption is an indicator of a nation's economic growth. Economic growth is focused, among other aspects, on the long-term acquisition of affordable, existing resources, and their use does not pollute the environment. Industrialization serves economic growth and consumes energy. In 2018, 68% of total capital power was consumed by largest energy-intensive areas. When fossil fuel is the primary source of energy, energy consumption is positively correlated with ecosystem cleanliness. Fossil fuels account for more than 70% of the decent energy expectations of India and other economies. In this chapter, problems related to non-renewable energy sources are discussed, and emphasis is given to use more renewable sources.

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

Energies ◽

10.3390/en14020332 ◽

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 ◽

Energy Sources ◽

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.

Advances in Business Information Systems and Analytics - Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry ◽

The Effect of Population, Public Investments, and Economic Growth on Regional Renewable Energy Consumption in Turkey

10.4018/978-1-7998-6985-6.ch023 ◽

2021 ◽

pp. 491-504

Author(s):

Özlem Karadağ Albayrak

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Panel Data ◽

Regional Scale ◽

Dynamic Panel Data ◽

Energy Sources ◽

Public Investments

Making the use of renewable energy sources widespread is of paramount importance for Turkey as for all countries. In this regard, the determiners of renewable energy consumption have been investigated. The effect of determining or factors affecting the use of renewable energy sources on a regional scale to Turkey were examined with different qualitative and quantitative research techniques. In this study, the factors of economic growth, public investments, and population are analyzed by considering regional differences on the consumption of renewable energy resources. The effect of regional economic growth, regional public investments, and regional population on the amount of regional renewable energy consumption were investigated by using panel data of 26 statistical regions of Level-2 classification in the period between 2010-2018 in Turkey. The results obtained by the dynamic panel data analysis concluded that economic growth and public investments at the regional level increased renewable energy consumption while the population growth decreased.

Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph17145154 ◽

2020 ◽

Vol 17 (14) ◽

pp. 5154 ◽

Cited By ~ 2

Author(s):

Nabila Abid ◽

Jianzu Wu ◽

Fayyaz Ahmad ◽

Muhammad Umar Draz ◽

Abbas Ali Chandio ◽

...

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Human Development ◽

Environmental Sustainability ◽

Human Development Index ◽

Energy Sources ◽

Long Run

Energy acts as a catalyst to boost the human development index (HDI) in a country. However, the overuse of energy leads to environmental deterioration, which is a byproduct of economic development. Due to the utilization of non-renewable energy sources for a long time, worldwide environmental conditions have become alarming. This study investigates the relationship between renewable and non-renewable energy consumption, economic growth, environmental sustainability, and the human development index (HDI) in Pakistan. The investigation incorporates population growth and technology variables to form a multivariate framework. We use a fully modified ordinary least squares (FMOLS) approach to time-series data from 1990–2017. To check the robustness of estimations, we apply the Gregory–Hansen test with a causality test under the VECM to confirm this association’s directions. Our findings confirm that non-renewable energy sources have a positive association with economic growth and CO2 emissions. However, human development, technology, and renewable energy boost economic development and reduce environmental pollution in Pakistan. The co-integration results confirmed the long run connectivity among all variables. The causality outcomes support the bidirectional causality between renewable and non-renewable energy consumption, economic growth, and CO2 emissions, both in the short and long run. These outcomes suggest that Pakistan should focus on energy shifts and gradually increase the share of renewables in its energy mix under the China Pakistan Economic Corridor (CPEC). Additionally, the government should increase human and technological development to enhance economic and environmental sustainability.

Conversion of Electrical Power from Renewable Energy Sources

Technologies for Electrical Power Conversion, Efficiency, and Distribution ◽

10.4018/978-1-61520-647-6.ch009 ◽

2010 ◽

pp. 231-247

Keyword(s):

Renewable Energy ◽

Industrial Development ◽

Fossil Fuels ◽

Electrical Power ◽

Electrical Energy ◽

Energy Sources ◽

Direct Generation ◽

Oil Gas

Towards the end of the previous century, the humanity understood very clearly two facts – first, the World supplies of fossil fuels (coal, oil, gas, uranium) are limited, and, second, industrial development and classical generation of electrical energy seriously endanger the environment. Renewable energy sources (sun energy, wind energy, bio fuels, etc.) are based on the use of natural fluxes of energy (Masters,2004). That is why they are considered to be inexhaustible. In specific cases of implementations, for example in lighting, a direct generation of electrical energy using photovoltaics is outlined as a long-term one.

Renewable Energy and Economic Growth: Evidence from European Countries

Sustainability ◽

10.3390/su10082626 ◽

2018 ◽

Vol 10 (8) ◽

pp. 2626 ◽

Cited By ~ 52

Author(s):

Stamatios Ntanos ◽

Michalis Skordoulis ◽

Grigorios Kyriakopoulos ◽

Garyfallos Arabatzis ◽

Miltiadis Chalikias ◽

...

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

European Countries ◽

Energy Sources ◽

Distributed Lag ◽

Autoregressive Distributed Lag ◽

Long Run ◽

Fixed Capital Formation

This paper aims at examining the relationship between energy consumption deriving from renewable energy sources, and countries’ economic growth expressed as GDP per capita concerning 25 European countries. The used dataset involves European countries’ data for the period from 2007 to 2016. The statistical analysis is based on descriptive statistics, cluster analysis, and autoregressive distributed lag (ARDL), and reveals that all variables are related; this suggests a correlation between the dependent variable of GDP and the independents of renewable energy sources (RES) and Non-RES energy consumption, gross fixed capital formation, and labor force in the long-run. Furthermore, the results show that there is a higher correlation between RES’ consumption and the economic growth of countries of higher GDP than with those of lower GDP. The obtained results are consistent with other papers reviewed in this study.

The relationship between energy consumption, economic growth and carbon dioxide emissions in Pakistan

Financial Innovation ◽

10.1186/s40854-019-0162-0 ◽

2020 ◽

Vol 6 (1) ◽

Cited By ~ 36

Author(s):

Muhammad Kamran Khan ◽

Muhammad Imran Khan ◽

Muhammad Rehan

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Co2 Emissions ◽

Environmental Degradation ◽

Carbon Dioxide Emissions ◽

Time Series Data ◽

Series Data ◽

Energy Sources

AbstractDeveloping countries are facing the problem of environmental degradation. Environmental degradation is caused by the use of non-renewable energy consumptions for economic growth but the consequences of environmental degradation cannot be ignored. This primary purpose of this study is to investigate the nexus between energy consumption, economic growth and CO2 emission in Pakistan by using annual time series data from 1965 to 2015. The estimated results of ARDL indicate that energy consumption and economic growth increase the CO2 emissions in Pakistan both in short run and long run. Based on the estimated results it is recommended that policy maker in Pakistan should adopt and promote such renewable energy sources that will help to meet the increased demand for energy by replacing old traditional energy sources such as coal, gas, and oil. Renewable energy sources are reusable that can reduce the CO2 emissions and also ensure sustainable economic development of Pakistan.

Analysis of Energy Consumption of the Visegrad Countries

Visegrad Journal on Bioeconomy and Sustainable Development ◽

10.2478/vjbsd-2018-0007 ◽

2018 ◽

Vol 7 (2) ◽

pp. 36-41

Author(s):

Norbert Bozsik ◽

Robert Magda

Keyword(s):

Renewable Energy ◽

Energy Consumption ◽

Energy Production ◽

Industrial Development ◽

Fossil Fuels ◽

Energy Sources ◽

Comprehensive Overview ◽

The Relationship ◽

Visegrád Countries

Abstract The utilization of renewable energy sources has an increasing role in the EU’s climate and energy policy. There are several reasons for increasing the use of renewable energy. The motives are the reduction of imported dependence on fossil fuels, mitigation of the adverse environmental impact of the energy sector and boosting of industrial development. The study provides a comprehensive overview on the structure and utilization of energy production of the Visegrad countries, focusing on the dependence on energy imports. The purpose of the article is to analyze the gross inland energy consumption of the Visegrad countries and to examine the relationship between renewables and non-renewable energy sources. In the course of the analysis, we tried to find out which non-renewable energy carrier is replaced by the renewables.

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

Economics and Business Letters ◽

10.17811/ebl.10.4.2021.349-358 ◽

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 ◽

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.

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

Revista de Estudos Sociais ◽

10.19093/res10861 ◽

2021 ◽

Vol 22 (45) ◽

Author(s):

Matheus Koengkan ◽

José Alberto Fuinhas ◽

Isabel Vieira

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Fossil Fuels ◽

Positive Impact ◽

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.

How economic growth in Australia reacts to CO2 emissions, fossil fuels and renewable energy consumption

International Journal of Energy Sector Management ◽

10.1108/ijesm-01-2018-0020 ◽

2018 ◽

Vol 12 (4) ◽

pp. 696-713 ◽

Cited By ~ 6

Author(s):

Patrícia H. Leal ◽

Antonio Cardoso Marques ◽

Jose Alberto Fuinhas

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Fossil Fuels ◽

Annual Data ◽

Content Type ◽

Distributed Lag ◽

The Impact

Purpose Australia is one of the ten largest emitters of greenhouse gases but stands out from the others due to its economic growth without recession for 26 consecutive years. This paper aims to focus on the energy-growth nexus and the effects of energy consumption on the environment in Australia. Design/methodology/approach This analysis is performed using annual data from 1965 to 2015 and the autoregressive distributed lag model. Findings The paper finds empirical evidence of a trade-off between economic growth and carbon dioxide (CO2) intensity. The results show that increased gross domestic product (GDP) in Australia increased investment in renewable energy sources (RESs), although the renewable technology is limited and has no impact on reducing CO2 intensity in the long run. In contrast to investment in RES, fossil fuels, coal and oil, are decreased by GDP. However, oil consumption increased renewable energy consumption, and this reflects the pervading effect of the growing economy. Originality/value Overall, this paper contributes to the literature by analysing the behaviour of both energy consumption and the environment on the growing Australian economy. In addition, this paper goes further by studying the impact of economic growth on renewable and non-renewable energy consumption, as well as on CO2 emissions. The study is conducted on a single country for which literature is scarce, using a recent approach and a long time period.