Solar impacts on the sustainability of economic growth

Farhidi, Faraz

doi:10.1016/j.rser.2017.04.033

Cited by 14 publications

(4 citation statements)

References 55 publications

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“…From specific perspectives, sustainable development in Africa has been largely addressed in many kinds of research as seen from the environmental spectacle in Farhidi (2017), Mohsin et al (2019), Omri (2018), and Riti et al (2015). In Africa, the need for openness in public sector practices represents a paradigm shift towards making the most informed decision about national integration of sustainability (Kornov et al, 2020).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Public sector transparency and sustainable development: A focus on Sub‐Saharan Africa

Erin

Adegboye

Uwuigbe

2023

Journal of Public Affairs

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This study empirically addresses the relevance of public transparency in promoting sustainable development in Sub‐Saharan Africa. Using the generalized method of moments techniques in order to account for concerns of endogeneity and simultaneity, the study utilizes a panel of forty‐eight (48) countries in Sub‐Saharan African countries for the period 2000‐2019. We then establish the subsequent findings. Public transparency maintains overall positive net effects on both the human development index (i.e., social sustainability); adjusted net national income growth (i.e., economic sustainability), and renewal energy consumption (i.e., environmental sustainability). Overall, we establish that public transparency enhances sustainable development. This study recommends that policymakers should ensure that public transparency processes are enhanced in order to achieve the post‐2015 agenda.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Public sector transparency and sustainable development: A focus on Sub‐Saharan Africa

Erin

Adegboye

Uwuigbe

2023

Journal of Public Affairs

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“…A study conducted on top-10 producers and consumers of solar energy argued that solar energy consumption is perfectly promoting emissions reduction in most of the considered countries, but no explicit link between solar energy-growth has been investigated (Sahu 2015;Yu et al 2022). Another study conducted in the top-ten countries in solar energy producers on solar energy and growth nexus analysis argued that this energy type has no impact on economic growth from 1999-2015 (Bulut and Menegaki 2020), while other studies did not clearly show the impact of solar energy use on growth (Farhidi 2017;Madsen and Hansen 2019). Furthermore, total renewable energies positively support economic determinants, especially production function indicators over the globe and the country's economic growth (Omri et al 2015;Bhattacharya et al 2016;Le et al 2020;Rahman and Velayutham 2020).…”

Section: Introductionmentioning

confidence: 99%

The interaction effect of renewables, economic and industrial development on CO2 emissions in top solar energy producers

Namahoro

2023

Preprint

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This study examined the interaction effect of renewable energy use, industrial and economic growth on CO2 emissions, and the individual effect of these variables on CO2 across 44 countries that highly produce and consume solar energy from 1996 to 2018. Cross-sectionally augmented distributed lags (CS-DL), cross-sectionally augmented autoregressive distributed lags (CS-ARDL) and other methods were employed. Findings reveal that solar energy use reduces CO2, while economic and industrial development positively affects CO2. The interaction effect from both renewable energy and economic growth, renewable energy and industrial development, and industrial and economic development negatively affects CO2 in the long term. Total renewable energy use, solar energy use, and industrial development positively affect economic growth. The impact of renewable energy and solar energy is significant in the long term. In the ten-year forecast, solar energy use and industrial development will have the least contribution to CO2, while total renewable energy consumption and solar energy use will have the least share of economic growth. Causality results strengthen the impact of renewable energy, solar energy, and economic growth on CO2, by showing the direct effect on CO2, while industrial development has a neutral effect on CO2. Solar energy and industrial development have a direct effect on economic growth while economic growth causes renewable energy consumption. The interacting feedback causal effect was noted between the interaction of renewable energy and economic growth and CO2. Based on the results, we suggested the policy implication to strengthen the effect of renewables, industrial and economic growth, and their interaction to reduce CO2 emissions.

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“…Economic models have been developed to examine the effects of solar energy on economic growth data. A structural economic model has been developed from those economic models [1]. In the literature, different studies on the economic analysis of solar power plants can be found.…”

Section: Introductionmentioning

confidence: 99%

Investigation of The Effect of Pv Panel Efficiency Parameter on Investment Payback Period

Benli

Gürtürk

2021

International Journal of Innovative Engineering Applications

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Original scientific paperThe importance of solar energy is increasing due to climate change and similar reasons. However, the biggest barriers to solar energy investments are the high initial investment cost and the long investment payback period. In this study, the effects of technological developments in the investment payback period are examined. It has been investigated how the increase in PV panel efficiency affects the investment payback period of solar energy systems. The annual average profit, the daily gain to be obtained according to the different PV panel efficiency values are calculated, and the effect of different PV panel efficiency values on the investment payback period of 1 MW PV power plant has been investigated. Levelized cost analysis has been used in this study. In the future, it has been found that the payback period of 1 MW PV power plants may be less than 3 years if high-efficiency PV panels take their place in the market.

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Solar impacts on the sustainability of economic growth

Cited by 14 publications

References 55 publications

Public sector transparency and sustainable development: A focus on Sub‐Saharan Africa

Public sector transparency and sustainable development: A focus on Sub‐Saharan Africa

The interaction effect of renewables, economic and industrial development on CO2 emissions in top solar energy producers

Investigation of The Effect of Pv Panel Efficiency Parameter on Investment Payback Period

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