What drives investment in renewable energy resources? Evaluating the role of natural resources volatility and economic performance for China

Shinwari, Riazullah; Wang, Yangjie; Payab, Ahmad Haseeb; Kubiczek, Jakub; Dördüncü, Hazar

doi:10.1016/j.resourpol.2022.102712

Cited by 57 publications

(4 citation statements)

References 28 publications

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“…Since the G7 economies are resource-abundant, they should attract more investment in renewable energy projects because they have gained confi dence of investors. The outputs of the research are analogous with those of Shinwari et al (2022). Furthermore, TI supports REOT in G7 economies across quantiles, but inconclusively and insignifi cantly.…”

Section: Econometric Toolsmentioning

confidence: 72%

Understanding the Dynamics of Political Economy in Relation to Energy Transition for G7 Economies

Qiu,

Yan,

Badeeb

et al. 2024

Politicka ekonomie

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This research covers the literature gap by investigating the factors of economic expansion (GDP), total natural resources (TNRNT), political risk index (PRI) and technological innovation (TI) and their impact on the renewable electricity output (REOT) in the G7 economies, covering the period 1990-2022. The research utilizes novel MMQREG as the primary method, while BSQR is a non-parametric robustness check method. A pairwise Dumitrescu-Hurlin causality test is employed to find out the causal connection between variables. The diagnostic outcomes show that the modelled variables are static after the first difference while long-run equilibrium is also present. Moreover, the outcomes suggest that GDP negatively influences REOT across quantiles while TNRNT and PRI stimulate the use of REOT in G7 economies across quantiles. Moreover, TI positively influences REOT but is inconclusive across quantiles. The robustness check analysis provides similar and valid outcomes. Lowering political risk is also considered important for energy transition in terms of cleaner energy.

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Section: Econometric Toolsmentioning

confidence: 72%

Understanding the Dynamics of Political Economy in Relation to Energy Transition for G7 Economies

Qiu,

Yan,

Badeeb

et al. 2024

Politicka ekonomie

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“…The COVID-19 pandemic in the European Union caused the renewable energy use of the USA and China to fall by 0.1 % and 0.8 % [26]. Analysis from 1990 to 2020 indicates that economic performance, energy efficiency, and technology positively impact renewable energy investment [27]. Other analyses of China from 1980 to 2018 demonstrate that the renewable energy demand increased with fiscal decentralization [28,29].…”

Section: Global Energy Consumption and Share Of Renewablesmentioning

confidence: 99%

A Critical Analysis on Transformation of Renewable Energy to Green Chemicals: Opportunities and Challenges

Rashid,

Benhelal,

Abbas

2024

ChemBioEng Reviews

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The abundant natural resources and rapidly falling prices to generate and store renewable energy create a remarkable opportunity for a new group of manufacturing industries to emerge. These technology pathways use abundant or waste resources to produce green chemicals and fuels like green hydrogen (H2), green ammonia (NH3), and green synthetic hydrocarbons (HCs). Integrating chemical processes and renewable energy can complete the carbon loop and bring substantial decarbonization along with economic opportunities around the globe. An evidence‐based and industry‐focused critical review of technologies to produce green chemicals and fuels from renewable energy is presented. It also discusses the market size and applications for these emerging industries and presents their development status, benefits, and challenges to commercialization. Green hydrogen production from renewable energy turns out to be the initial and key stage for all these technological advancements and is indispensable for their techno‐economic viability. Other environmentally friendly feedstocks, such as nitrogen (from the air) and wastes such as CO2 (from industrial flue gas), can produce green chemicals. Besides environmental benefits, several other benefits of producing green chemicals from renewable energy are identified. These include but are not limited to (i) accelerating the economy for renewable energy and hydrogen generation, (ii) savings in energy, costs, and natural resources, and (iii) creating millions of jobs. A perspective on opportunities to develop the green chemical industry and assist academia, industry, and policymakers is provided.

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“…The most popular research investigations include a wide range of global assessments of renewable energy opportunities and analyses of modern energy technologies which reveal significant opportunities and challenges in the field of energy (Bordin et al 2021;Asim et al 2022;Zhang et al 2023). These form the foundation for the development of sound strategies and decision-making processes at various levels, including policy (Peidong et al 2009;Norberto 2023;Agrawal et al 2023;Tiruye et al 2023) and energy planning (Сhu and Majumdar 2012;Tsangas et al 2023;Laveneziana et al 2023), and investments (Shinwari et. al.…”

Section: Literature Reviewmentioning

confidence: 99%

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

Koval,

Sribna,

Brednyova

et al. 2024

Polityka Energetyczna – Energy Policy Journal

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The development of solar generation is an integral part of evaluating renewable "green" energy in accordance with the concept of sustainable development. This study focuses on the specifics of the implementation of solar energy in the context of the USA, the EU and China, taken as an object in connection with the specifics of the geographical-territorial and climatic-natural situation. The originality of the research lies in the approach of modelling the implementation of solar power generation with consideration to the main economic, technological, and resource factors. This study 158 aims to assess trends in the development and implementation of regional solar power generation. Solar energy development is performed exclusively at the expense of private investment and state support is minimal. Therefore, the power of installed solar power plants relative to the amount of invested investments shows a high correlation. From the perspective of economic activity, solar energy in the analyzed regions is used by households in small amounts. The highest use of solar energy by households is in the USA, where this indicator is 8.3%, and the lowest is in China (0.13%). The analysis indicates that currently, solar energy is not a priority for developing the energy sector but is only a supplement. Further solar energy development is possible owing to technological innovations that will increase the efficiency of solar radiation use. The analysis also revealed the conclusion that the most powerful use of solar energy appears in China, with a figure of 19.6%, while the US has only 4.04% and the EU has almost 9%. According to the criterion of economic and technological influence on solar energy development, China occupies a leading position (9.89%), whereas the EU has only 0.03%. Thus, solar energy is currently not an attractive area for business and needs to prioritize the development of the EU economy, which is confirmed by insignificant investment flows compared to China and the USA.

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What drives investment in renewable energy resources? Evaluating the role of natural resources volatility and economic performance for China

Cited by 57 publications

References 28 publications

Understanding the Dynamics of Political Economy in Relation to Energy Transition for G7 Economies

Understanding the Dynamics of Political Economy in Relation to Energy Transition for G7 Economies

A Critical Analysis on Transformation of Renewable Energy to Green Chemicals: Opportunities and Challenges

An analysis of the economic and technological potential of solar-driven generation in renewable energy development

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