Introduction to Renewable Energy

Nelson, Vaughn; Starcher, Kenneth

doi:10.1201/b19621

Cited by 31 publications

(22 citation statements)

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“…Unlike these sources, 'clean energy' comes from natural renewable sources and has a smaller negative impact on the environment. It includes energy of sun, wind, moving water (hydropower, wave and tidal energy), heat below the earth surface (geothermal energy), biomass (such as wood, waste, and crops) (Nelson and Starcher, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Moreover, they are associated with a greenhouse effect leading to global warming. Meanwhile, green energy is naturally replenished and fosters sustainable development (Nelson and Starcher, 2015). However, the empirical evidence of the impact of green energy on economic growth is controversial (Adewuyi and Awodumi, 2017; Chen et al, 2020; Destek and Aslan, 2017; Zafar et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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How does renewable energy consumption affect economic growth? Evidence from the European Union countries

2021

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Research background: Fossil fuels are used at such a high rate that they are currently being depleted. Moreover, they are associated with a greenhouse effect leading to global warming. Meanwhile, green energy is naturally replenished and fosters sustainable development (Nelson and Starcher, 2015). However, the empirical evidence of the impact of green energy on economic growth is controversial (Adewuyi and Awodumi, 2017; Chen et al., 2020; Destek and Aslan, 2017; Zafar et al., 2018). Purpose of the article: This paper analyses the impact of renewable energy consumption on economic growth in the European Union (EU) countries. This is important in line with the goals of EU to shift towards green energy during the coming years (Directive (EU) 2018/2001). Methods: We use data of the World Bank and Our World in Data over 1990 to 2015 for 28 EU countries. We estimate the impact of renewable energy consumption on the countries’ gross domestic product. The control variables are labor force, research and development, and foreign direct investment. We apply the pooled mean group, mean group, the dynamic fixed effect estimators (Pesaran, 1997; Pesaran et al., 1999), and generalized method of moments (Arellano & Bond, 1991). Findings & Value added: Results show that the renewable energy consumption positively affects economic growth of the EU countries. We contribute by shedding light on the possibility to develop renewable energy, while achieving economic growth. The results have important implications for economic policy.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

How does renewable energy consumption affect economic growth? Evidence from the European Union countries

2021

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“…To this aim, various routine inspections are carried out to improve the operating conditions of wind turbines as well as reducing cost of energy produced by wind farms. The cost of energy (COE) produced from wind farms is given by [254]:…”

Section: Long-run Average Costmentioning

confidence: 99%

Maintenance optimization and inspection planning of wind energy assets: Models, methods and strategies

Shafiee

Sørensen

2019

Reliability Engineering & System Safety

146

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Highlights A classification framework for the study of maintenance policy optimization and inspection planning in wind energy industry;  To identify models, methods and strategies used to optimize maintenance decisions and inspection procedures for various wind energy assets (turbines, foundations, cables, electrical substations, etc.);  A systematic review of the literature over the past two decades (1997)(1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016);  Identify critical observations on each category of classification;  Suggest directions of potential interest to operational researchers.

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“…According to the International Atomic Energy Agency, nuclear power generates around 10% of the world's electricity [9]. In 2015, the largest hydropower plant accounted for 16.3%, or around 16 billion kilowatt-hours (kWh), of the world's total electricity, which at 4.2 billion kWh represents the second largest share of global electricity generation [10]. Decarbonization of the energy sector is feasible, which explains why fossil fuels are being replaced by renewable energy [11].…”

Section: Introductionmentioning

confidence: 99%

Renewable Energy in the Sustainable Development of Electrical Power Sector: A Review

et al. 2021

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The electrical power sector plays an important role in the economic growth and development of every country around the world. Total global demand for electric energy is growing both in developed and developing economies. The commitment to the decarbonization of economies, which would mean replacing fossil fuels with renewable energy sources (RES) as well as the electrification of transport and heating as a means to tackle global warming and dangerous climate change, would lead to a surge in electricity consumption worldwide. Hence, it appears reasonable that the electric power sector should embed the principles of sustainable development into its functioning and operation. In addition, events such as the recent European gas crisis that have emerged as a result of the massive deployment of renewables need to be studied and prevented. This review aims at assessing the role of the renewable energy in the sustainable development of the electrical power sector, focusing on the energy providers and consumers represented both by businesses and households that are gradually becoming prosumers on the market of electric energy. Furthermore, it also focuses on the impact of renewables on the utility side and their benefits for the grid. In addition, it identifies the major factors of the sustainable development of the electrical power sector.

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Introduction to Renewable Energy

Cited by 31 publications

References 0 publications

How does renewable energy consumption affect economic growth? Evidence from the European Union countries

How does renewable energy consumption affect economic growth? Evidence from the European Union countries

Maintenance optimization and inspection planning of wind energy assets: Models, methods and strategies

Renewable Energy in the Sustainable Development of Electrical Power Sector: A Review

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