The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States

Shang, Yunfeng; Han, Dawei; Gözgör, Giray; Mahalik, Mantu Kumar; Sahoo, Bimal Kishore

doi:10.1016/j.renene.2022.07.159

Cited by 183 publications

(36 citation statements)

References 54 publications

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“…Second, our study extends the literature on the construction of policy uncertainty indices. Several recent studies have investigated the impact of CPU in the United States [ 64 , 65 , 66 ]. However, these studies ignore the fact that there are significant differences in economic, social, and climate policies across countries, and the use of the U.S. CPU index as a proxy variable for national uncertainty may lead to problems with biased findings.…”

Section: Discussionmentioning

confidence: 99%

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

Mao

Huang

2022

IJERPH

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In response to climate change, governments have adopted various climate policies. However, climate policy uncertainty (CPU) may have important implications for the business sector. Is enterprise green innovation (GI) affected by CPU? This study investigates the impact of CPU on enterprise GI. The China CPU index is created first in this study. It uses panel data from Chinese A-share listed companies in China from 2010 to 2021 to explore the impact of CPU on GI through the fixed effects model, the mediating effects model, and the moderating effects model. The results show that: (1) CPU significantly suppresses GI, according to the findings. (2) CPU inhibits enterprise GI by exacerbating enterprise financing constraints. (3) Government subsidies can mitigate the inhibiting effect of CPU on GI. (4) There is heterogeneity in the negative impact of CPU on enterprise GI, mainly on non-state-owned enterprises. This study suggests several recommendations for coping with CPU in China.

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Section: Discussionmentioning

confidence: 99%

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

Mao

Huang

2022

IJERPH

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“…The EPU adversely affects the energy sector due to the uncertainty in production taxes, credit policies, and shortage of investment in the green energy sector. In contrast, Shang et al (2022) evaluated the role of EPU in demand for GEC in the USA from 2000 to 2021. The study found that EPU reduces renewable energy consumption while accelerating the long-run green energy demand due to high crude oil price fluctuations.…”

Section: Nexus Between Economic Policy Uncertainty and Green Energy T...mentioning

confidence: 99%

Influencing factors of green energy transition: The role of economic policy uncertainty, technology innovation, and ecological governance in China

Guo

2023

Front. Environ. Sci.

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For environmental sustainability and resource security, the global energy system requires a revolutionary transition from traditional energy to green energy resources. Therefore, this study investigates the influence of economic policy uncertainty, technological innovation, ecological governance, and economic growth on the green energy transition in China. We employed a bootstrap auto-regressive distributive lag (BARDL) model to evaluate the long-run association between the study variables from Q1-2000 to Q4-2020. The preliminary finding confirms the long-run cointegration relationship among model variables. The results show that economic policy uncertainty and economic growth negatively derive green energy transition in the long-run. In contrast, technology innovation and environmental governance positively influence the green energy transition. These findings propose strengthening of the environmental governance mechanism and technology innovation to accelerate the green energy transition in China.

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“…Additionally, the policy and economic uncertainty mitigated the demand for non-essential goods ( 17 ). However, in the context of the epidemic, medical products, especially personal protective products, have become immediate-need products for residents; the increasing effect of demand was significantly greater than the inhibiting effect ( 10 ), resulting in a sharp increase in public health expenditure ( 18 ). The decline in the domestic supply capacity of medical products and rise in consumer demand have caused a large imbalance between the supply and demand of importing countries, thus making countries rely on imports to meet domestic demand.…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Impact of the COVID-19 epidemic on medical product imports from china from outbreak to stabilization: Monthly panel data regression and instrumental variable test

Pu¹,

Xu²,

Wang

et al. 2023

Front. Public Health

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This study conduct regressions of panal data with OLS and test with IV, empirically examines the COVID-19 epidemic's impact on the import of medical products from China from the perspective of the importing countries, exporting country, and other trading partners, and analyzes the inter-temporal impact across different product categories. The empirical results reveal that, in importing countries, the COVID-19 epidemic increased the import of medical products from China. In China, as an exporting country, the epidemic inhibited the export of medical products; by contrast, for other trading partners, it promoted the import of medical products from China. Among them, key medical products were most affected by the epidemic, followed by general medical products and medical equipment. However, the effect was generally found to wane after the outbreak period. Additionally, we focus on how political relations shape China's medical product export pattern and how the Chinese government is using trade means to improve external relations. In the post-COVID-19 era, countries should prioritize the stability of supply chains for key medical products and actively engage in international cooperation on health governance to further combat the epidemic.

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The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States

Cited by 183 publications

References 54 publications

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

How Does Climate Policy Uncertainty Affect Green Innovation? Evidence from China

Influencing factors of green energy transition: The role of economic policy uncertainty, technology innovation, and ecological governance in China

Impact of the COVID-19 epidemic on medical product imports from china from outbreak to stabilization: Monthly panel data regression and instrumental variable test

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