Financial investment for the development of renewable energy capacity

Lee, Taedong

doi:10.1177/0958305x19882403

Cited by 15 publications

(5 citation statements)

References 38 publications

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“…Based on Group 20's renewable energy industry analysis, Fang et al [87] developed the revised Diamond Model under Porter's theory to estimate the main driving forces and industry competitive advantages for developing renewable energy worldwide. Remarkably, Lee [88] concluded that public and private investments are crucial in developing the renewable energy sector in countries with leading economies.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Factors Influencing the Renewable Energy Consumption in Selected European Countries

et al. 2021

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The overcoming of the issues on energy crisis and inequality have become the priorities as far developing as developed countries are concerned. Moreover, energy inequality has increased due to the shortage of natural gas and rising energy prices in retaliation to the economic recovery affected by the COVID-19 pandemic. This study aims to verify the linkage between the growth of renewable energy consumption and the country’s economic advancement. In this context, this paper determines the main driving forces of renewable energy consumption in European countries during 2000–2018. The annual data for panel regression analysis are retrieved from the OECD. Stat and World Bank Open Data. This empirical analysis employed a set of estimation procedures such as the panel unit root test (Levin, Lin & Chu; Im, Pesaran, Shin W-Stat; ADF-Fisher Chi-square; and PP-Fisher Chi-square methods), the Pearson correlation, fixed- and random-effects models, generalized method of moments (GMM), Hausman and the robustness tests. The results from the Hausman test ratified that the fixed-effects regression model is more suitable for involved panel balanced data. The results of fixed-effects regression and GMM identified the statistically significant and positive relationship between the share of renewable energy consumption of total final energy consumption, GDP per capita, and CO2 emissions per capita for the overall sample. In turn, the total labor force, the gross capital formation, and production-based CO2 intensity are inversely related to renewable energy consumption. The identified effects could provide some insights for policymakers to improve the renewable energy sector towards gaining sustainable economic development.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Factors Influencing the Renewable Energy Consumption in Selected European Countries

et al. 2021

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“…This study draws inspiration from previous studies such as [34,35], who narrated the connection between ethical behavior and green growth. Having established the stationarity of the dataset, we follow Poveda [36]; Abbate et al [37,38]; Costa and Matias, [39]; Lee [40]; Shakeel and Ahmed [41]; Fujii and Managi [42]; Zhang and Jiang [43] and Li et al [33], and employ panel corrected standard errors model to examine the role of ethics (i.e., ethical behavior) on green growth. We estimate the panel corrected standard errors model of the form:…”

Section: Panel Analysismentioning

confidence: 99%

Does Ethical Behaviour Affect Sustainable Development? Evidence from Developed and Developing Countries

2023

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This paper examines the relationship between ethical behavior and green growth for a large sample of 109 countries, comprised of developed and developing countries. We applied panel corrected the standard error (PCSE) and system generalized moment of method (S-GMM) to achieve the set-aside objectives. We use the recent data from Organisation for Economic Co-operation and Development (OCED). Our results show that high ethical behavior is associated with an increase in green growth, suggesting that the ethical standard plays a significant role in achieving sustainable development. We also find that the relationship between ethical behavior and green growth is more pronounced in developed countries than in developing countries. This is attributed to the ethical standard laid down in most of the developed countries. The results are unaffected by alternative variable measurements and econometric estimations. Our findings highlight the need for policymakers to consider non-economic and technological factors such as ethics to achieve growth that is both environmentally and economically sustainable.

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“…Despite their findings indicating that economic indicators and political stability positively affect renewable energy, a considerable 71 per cent of their data contains zero values, casting a shadow over the reliability of their results. On a regional scale, studies are often conducted either by considering membership affiliations, often centered on developed nations including on G-20 countries (Lee, 2019) and OPEC countries (Romano & Scandurra, 2014), or through geographical classification. This study follows the latter, taking a geographical approach.…”

Section: Conducted Studiesmentioning

confidence: 99%

Unlocking Africa’s solar and wind energy potential: A panel data analysis on the determinants of the production of electricity through solar and wind energy

De Vries

2023

Int. J. Renew. Energy Dev.

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With growing global concerns about and attention drawn to climate change, there is a pressing need to transition towards sustainable practices to live more harmoniously with the environment. To mitigate future climate changes, many support and pursue the uptake of renewable energy to slowly shift to a more electricity powered world. Africa, richly endowed with the potential of solar and wind, stands at a pivotal point with the opportunity to develop through electricity generated by renewable. Therefore, this research delves into the complexity of 25 factors influencing the production of solar and wind-powered electricity within the continent. Through a panel data analysis conducted for the years of 2010 till 2019, the study identifies several determinants to have positive and negative effects. Results highlight the intertwined nature of regional challenges and opportunities, emphasizing that political stability, socio-economic dynamics, sound national strategies, and environmental and international commitments play pivotal roles in determining the trajectory of solar and wind energy integration in Africa’s electricity mix. Notably the study underscores that a uniform approach across Africa is insufficient, instead tailored national and foreign strategies based on regional specifics found within this study are imperative for maximizing renewable energy adoption.

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Financial investment for the development of renewable energy capacity

Cited by 15 publications

References 38 publications

Factors Influencing the Renewable Energy Consumption in Selected European Countries

Factors Influencing the Renewable Energy Consumption in Selected European Countries

Does Ethical Behaviour Affect Sustainable Development? Evidence from Developed and Developing Countries

Unlocking Africa’s solar and wind energy potential: A panel data analysis on the determinants of the production of electricity through solar and wind energy

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