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PurposeDespite the increasing demand for renewable energy (RE) as a low-carbon energy source, the transition to RE is very slow in many regions, including Oman, the case country for this study. It is critical to offer strategic insights to energy supply chain participants towards the sustainable transition to renewable energy (STRE). The purpose of this study is to identify viable RE sources in Oman as a case study of a GCC member country, develop a comprehensive framework of STRE, and suggest future research opportunities.Design/methodology/approachThe paper addressed this problem through a country/regional study of Oman by conducting a systematic literature review (SLR) of RE-related peer-reviewed publications spanning over 21 years from January 2000 to February 2021. The qualifying articles are evaluated using template analysis qualitatively to identify viable renewable energy sources, build a holistic framework of STRE and recommend future research opportunities.FindingsFindings confirm the potential of solar, wind, biomass and geothermal energies driven by environmental, economic and social sustainability concerns. However, results suggest that to fast-track the STRE, more emphasis should be accorded to solar and wind energies owing to the geographical composition of Oman. Findings reveal that policies and regulations, advanced and cost-effective technologies, subsidy regimes, grid connectivity and capacity, storage capacity and land availability influence the STRE. Gaps in the literature are identified from the results to clarify and suggest future research opportunities.Originality/valueTo the best of the authors’ knowledge, this is the first study that conducted an SLR that was evaluated using the template analysis technique to build a novel and updated framework that facilitates a crystalline understanding of STRE to guide policymakers and professionals in strategic decision-making.
PurposeDespite the increasing demand for renewable energy (RE) as a low-carbon energy source, the transition to RE is very slow in many regions, including Oman, the case country for this study. It is critical to offer strategic insights to energy supply chain participants towards the sustainable transition to renewable energy (STRE). The purpose of this study is to identify viable RE sources in Oman as a case study of a GCC member country, develop a comprehensive framework of STRE, and suggest future research opportunities.Design/methodology/approachThe paper addressed this problem through a country/regional study of Oman by conducting a systematic literature review (SLR) of RE-related peer-reviewed publications spanning over 21 years from January 2000 to February 2021. The qualifying articles are evaluated using template analysis qualitatively to identify viable renewable energy sources, build a holistic framework of STRE and recommend future research opportunities.FindingsFindings confirm the potential of solar, wind, biomass and geothermal energies driven by environmental, economic and social sustainability concerns. However, results suggest that to fast-track the STRE, more emphasis should be accorded to solar and wind energies owing to the geographical composition of Oman. Findings reveal that policies and regulations, advanced and cost-effective technologies, subsidy regimes, grid connectivity and capacity, storage capacity and land availability influence the STRE. Gaps in the literature are identified from the results to clarify and suggest future research opportunities.Originality/valueTo the best of the authors’ knowledge, this is the first study that conducted an SLR that was evaluated using the template analysis technique to build a novel and updated framework that facilitates a crystalline understanding of STRE to guide policymakers and professionals in strategic decision-making.
Being geopolitically exposed, the Russian financial sector is vulnerable to various uncertainties. The aim of the article is to examine the quantile movements and dynamic connectedness of uncertainty indices with the financial stress index of Russia employing the cross-quantilogram (CQ), recursive cross-quantilogram (R-CQ) and TVP‑VAR dynamic connectedness using monthly data from July 2011 to August 2023. It is found that for Tweeter-based Economic Uncertainty (TEU) and Global Economic Policy Uncertainty (GEPU), there is strong positive dependence on the Russian Financial Stress Index (RFSI) in the bearish states of market in the initial memory, and the strength of this positive spillover effect gradually wilts towards longer memory structures. Unlike the GEPU, Russian Economic Policy Uncertainty (REPU) has long-lasting heterogeneous spillover effects on RFSI. Though there are significant positive, as well as negative, spillover effects of Global Geopolitical Risk (GGPR) on RFSI in the initial memory, across the longer memory structures these entire heterogeneous effects wash out. However, Russian Geopolitical Risk (RGPR) have long-lasting heterogeneous spillover effects on RFSI, unlike GGPR. GEPU, GGPR and RGPR were the net transmitters while RFSI, TEU and REPU were net receivers of volatility shocks. Since RFSI shows resilience over the long-term horizon to global geopolitics and economic uncertainty, investors are advised to keep patience and hold their capital/investment up to a minimum of 1 year in Russian financial system in order to be rewarded with positive returns.
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