Modelling the treatment effect of renewable energy policies on economic growth: Evaluation from MENA countries

Kahia, Montassar; Kadria, Mohamed; Aïssa, Mohamed Safouane Ben; Charfeddine, Lanouar

doi:10.1016/j.jclepro.2017.02.030

Cited by 89 publications

(31 citation statements)

References 45 publications

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“…However, this development has not been attained without cost -a heavy toll paid by the region's ecosystem. Economic growth patterns driven by intensive energy use and foreign investment in dirty industries have led to degradation (Arouri et al, 2012;Omri, 2013;Sinha and Sen, 2016;Kahia et al, 2017;Paramati et al, 2017). MENA remains in an early stage of industrialization, which is characterized by an increase in manufacturing production.…”

Section: Introductionmentioning

confidence: 99%

“…It also has a high availability of mineral and non-mineral natural resources. Energy production and consumption from these sources generate 85% of all greenhouse gas (GHG) emissions in MENA (Charfeddine and Mrabet, 2017;Kahia et al, 2017). In 2013, MENA's emissions were estimated to be more than 2 million metrics tons of CO2 equivalent, which represented more than 6% of the worldwide emissions from fossil fuel combustion (Boden et al, 2011;Farhani, 2013).…”

Section: Introductionmentioning

confidence: 99%

“…In addition to offering substantial natural resources, MENA countries have also emerged as one of the most profitable settings for renewable energy generation projects (CEP, 2016). Despite the potential to expand renewable sources, they only make up 1% of the MENA's energy mix; in contrast, 20% of global energy use is derived from renewable sources (Jalilvand, 2012;Kahia et al, 2017). In the MENA region, the investment in renewable energy projects mainly comes from governments, which usually withstand the energy market by subsidizing energy prices for endusers.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Foreign direct Investment–CO2 emissions nexus in Middle East and North African countries: Importance of biomass energy consumption

Shahbaz

Balsalobre‐Lorente

Sinha³

2019

Journal of Cleaner Production

502

153

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This study examines the association between foreign direct investment (FDI) and carbon emissions for the Middle East and North African (MENA) region in 1990-2015, including biomass energy consumption as an additional determinant of carbon emissions. We apply the generalized method of moments (GMM) to validate the existence of the pollution haven hypothesis (PHH). The N-shaped association is also validated between FDI and carbon emissions. The link between economic growth and carbon emissions is inverted-U and N-shaped; that is, it satisfies the environmental Kuznets curve (EKC) hypotheses. Biomass energy use lowers carbon emissions, and the causality analysis reveals that FDI causes CO2 emissions. Clearly, the results confirm the existence of a feedback effect between economic growth and carbon emissions. The connection between biomass energy use and CO2 emissions is also bidirectional. The empirical findings suggest policy makers to design comprehensive trade and energy policies by targeting the cleaner production practices, for not only to ensure environmental sustainability, but also to fulfil the objectives of sustainable development goals.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Foreign direct Investment–CO2 emissions nexus in Middle East and North African countries: Importance of biomass energy consumption

Shahbaz

Balsalobre‐Lorente

Sinha³

2019

Journal of Cleaner Production

502

153

View full text Add to dashboard Cite

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“…In open economies, government policy promotes the export performance of bioenergy technologies (e.g., [8,9]); wind; solar; and several aggregated RETs (e.g., [25,26,28,31,32]), which leads to growth of the RET industry [5,34] and, generally, the economy [35]. This growth provides the rationale for government policy to promote the technological development of firms directly, as it boosts their R&D activities, further increases their market shares, and ultimately reduces the prices of their products [36].…”

Section: Conceptual Framework: Dynamic Efficiency Of Public Policy Anmentioning

confidence: 99%

Does Dynamic Efficiency of Public Policy Promote Export Prformance? Evidence from Bioenergy Technology Sector

Sung

Song

2017

Energies

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This study examines how the dynamic efficiency of public policy influences the export performance of bioenergy technologies in the short and long run using panel data over the 1995-2012 period for 16 countries that are members of the OECD. Various dynamic panel framework tests to check data characteristics are performed. The study found evidence of co-movement among the series, and set up the panel vector error correction mechanism to evaluate the short-and long-run Granger-causality between the following variables: dynamic efficiency of public policy, export, and environmental policy stringency. This study highlighted positive effects of the dynamic efficiency of public policy and environmental policy efforts on exports in both the short and long run. This study proposes policy considerations based on its results.

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“…[1] Under section 3(1) of the Electricity Act, 2003 the National Electricity Policy (NEP) was formulated with the consultation from Central Electricity Authority (CEA). The objective of the NEP is to "is the supply of reliable and quality power of specified standards efficiently and at reasonable rates" [3]. This policy introduces the term of Renewable Purchase Obligation where the purchase of power through non-conventional sources is required to increase.…”

Section: Introductionmentioning

confidence: 99%

A Review on the Impact of Renewable Energy Policies on Solar and Hybrid Sector

Paul¹

2019

IJRASET

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Electricity consumption is one of the most important indices that decide the development of the nation. India has emerged as the country which has a huge scope of renewable energy. Hence it is important to have a favorable regulatory framework to promote renewables. Electricity is majorly powered by fossil fuel, and it does contribute to the problem of global warming which is why India is committed to decreasing the share of fossil fuel-based power generation by 40% by 2030. Indian policymakers initiated several reforms in the power sector to meet these objectives. A major turning point in electricity reforms was the Electricity Act 2003 which mandated the SERC to promote RE specific targets. These targets set by SERC known as Renewable Purchase obligations (RPO), mandate DISCOMS and other obligated entities like open access and captive consumers to procure electricity consumption through RE. The next push for renewables, especially for solar, came from the National Action Plan on climate change (NAPCC). As part of NAPCC, the Jawaharlal Nehru National Solar Mission (JNNSM) was launched in 2010 with the target of 20 GW installed solar capacity till 2022. In 2014, a revised solar mission was introduced with a target of 100 GW of solar installation by 2022. The latest revision in the target involves installing 50 GW of floating solar in addition to the 100 GW target. With these ambitious targets laid down by the government of India, it will require a strong regulatory framework. In initial stages to attract more investors in the solar industry, GoI had taken initiatives such as custom duty exemptions, tax benefits, Tax Holiday, Accelerated Depreciation. Benefiting from these policies the cumulative solar installations in India has reached 26 GW at the end of September 2018. However, policies for renewable have evolved over time. The ongoing issues such as ambiguities in applicable GST rates, safeguard duties applicable to the import of solar panels from China, volatility in lending rates are affecting the financial viability of solar projects. Another challenge the solar industry is hovering with is constantly dipping solar tariffs due to competitive bidding framework. It is necessary to have certainty in policies to bring stability in this sector, and the amendment in the electricity act is the first step towards it.

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Modelling the treatment effect of renewable energy policies on economic growth: Evaluation from MENA countries

Cited by 89 publications

References 45 publications

Foreign direct Investment–CO2 emissions nexus in Middle East and North African countries: Importance of biomass energy consumption

Foreign direct Investment–CO2 emissions nexus in Middle East and North African countries: Importance of biomass energy consumption

Does Dynamic Efficiency of Public Policy Promote Export Prformance? Evidence from Bioenergy Technology Sector

A Review on the Impact of Renewable Energy Policies on Solar and Hybrid Sector

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