The trilemma among CO2 emissions, energy use, and economic growth in Russia

Magazzino, Cosimo; Mele, Marco; Drago, Carlo; Kuşkaya, Sevda; Pozzi, Cesare; Monarca, Umberto

doi:10.1038/s41598-023-37251-5

Cited by 38 publications

(5 citation statements)

References 156 publications

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“…As a consequence, the EU introduced economic sanctions targeting the Russian energy industry, most notably the coal and oil sectors. Therefore, a strong link between oil prices and stock market returns persists (Magazzino et al 2023 ; Magazzino and Mele 2022 ).…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

On the relationship between oil market and European stock returns

Magazzino,

Shahbaz,

Adamo

2023

Environ Sci Pollut Res

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This paper investigates the dynamic relationship between the oil market and European stock market returns using monthly data from May 2007 to April 2022 for 27 European Union member countries. A novel approach is adopted by using the time-varying Granger causality test and the structural vector auto-regression model to examine the causal links. Empirical results reveal strong evidence of time-varying causation between the variables, considering the oil market from both the supply-side and demand-side perspectives. In light of these findings, numerous policy considerations emerge, including refining risk management strategies for investors, reformulating economic and energy policies, the potential impact on monetary policy decisions, the need for ad hoc market regulations, facilitating investor education initiatives, promoting international cooperation, and advancing the transition to sustainable energy sources.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

On the relationship between oil market and European stock returns

Magazzino,

Shahbaz,

Adamo

2023

Environ Sci Pollut Res

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“…Cost Initial investment in developing a renewable energy project is often expensive. The new technology and infrastructure required to produce renewable energy still require high costs, thereby discouraging investors from participating in this sector (Magazzino et al, 2023) (Fang et al, 2023). 4.…”

Section: Identification Of Challenges and Opportunities For The Devel...mentioning

confidence: 99%

Investment decision analysis on sustainable renewable energy policy: Literature review

Maria,

Fachruddin

2023

MBR

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This paper discusses sustainable renewable energy policies. The method used in this paper is a descriptive method that collects data from various sources literature studies and previous research. The results of the literature review show that the development of renewable energy in the European Union has three clusters dividing the share of renewable energy and the degree of dependency on energy imports based on the country. In Pakistan, the government has been designing a renewable energy policy since 2006 to supply sustainable energy to all consumers. In Nigeria, the electricity crisis and the need to reduce greenhouse gases spurred the development of renewable energy. Denmark has moved to wind power sources by increasing the share of renewable energy in the domestic electricity supply. The government encourages local ownership in the renewable energy sector, and many neighborhoods are connected to district heating systems that use renewable energy such as biomass. Increased investment in renewable energy technology will aid in addressing global energy concerns and hastening the transition to a low-carbon economy.

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“…Moreover, the current political climate in Russia does not prioritize environmental policies, and the government's response to environmental issues has been relatively weak compared to other countries. Furthermore, the implementation of the recommendations would require significant investment in renewable energy technology, which may not be feasible given the current economic situation in Russia [89]. The country has significant reserves of oil and gas, which are essential to its economy.…”

Section: Limitations Of the Study And Future Directionsmentioning

confidence: 99%

Towards Achieving Sustainability in the BRICS Economies: The Role of Renewable Energy Consumption and Economic Risk

2023

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In this study, the focus is on examining the influence of renewable energy consumption, economic risk, and financial risk on the load capacity factor (LF) within the BRICS countries. The analysis covers the time span from 1990 to 2019. The empirical strategy uses the Method of Moments Quantile Regression (MMQR) and long-run estimators (Fixed Effects Ordinary Least Squares, FE-OLS; Dynamic Ordinary Least Squares, DOLS; and Fully Modified Ordinary Least Squares, FMOLS). The findings highlight the presence of a cointegrating relationship. Moreover, fossil fuels and economic growth cause LF to decrease, while economic risk and the use of renewable energy sources increase the deepening of the LF. Furthermore, the results of the MMQR method are confirmed by DOLS, FMOLS, and FE-OLS estimates. Causality results also demonstrate that these factors may forecast ecological quality, indicating that policies for renewable energy consumption, financial risk, renewable energy, and economic growth can all have an impact on the degree of LF. In light of this research, policymakers should strongly encourage expenditures on environmentally friendly technologies and economic and financial stability to increase energy efficiency as well as sustain the widespread adoption and use of energy-saving products.

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The trilemma among CO2 emissions, energy use, and economic growth in Russia

Cited by 38 publications

References 156 publications

On the relationship between oil market and European stock returns

On the relationship between oil market and European stock returns

Investment decision analysis on sustainable renewable energy policy: Literature review

Towards Achieving Sustainability in the BRICS Economies: The Role of Renewable Energy Consumption and Economic Risk

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