What matters for private investment in renewable energy?

Azhgaliyeva, Dina; Beirne, John; Mishra, Ranjeeta

doi:10.1080/14693062.2022.2069664

Cited by 30 publications

(11 citation statements)

References 43 publications

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“…The conclusion aligns with previous research highlighting the significance of investment, particularly from both government and private sectors, in promoting the adoption and utilization of RE. Numerous studies have unequivocally shown that public investment plays a pivotal role in driving the progress of renewable energy and infrastructure development [ 75 , [83] , [84] , [85] , [86] , [87] ]. For example, Miao, Razzaq [ 85 ] demonstrated that increased public investment in renewable energy plants impacted India's Renewable Energy Certificates (RECs).…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

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Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL

Yin,

Qamruzzaman

2024

Heliyon

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Section: Discussion Of the Findingsmentioning

confidence: 99%

“…The researchers discovered a positive correlation between private investment and REC. The argument is that private investors contribute valuable experience, creativity, and market-driven initiatives, ultimately leading to a rise in RE production and consumption [ 87 , [91] , [92] , [93] ].…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL

Yin,

Qamruzzaman

2024

Heliyon

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“…To address the financial obstacles pertinent stakeholders face in adopting renewable energy inside their enterprises, the author proposes that the government might offer subsidies, reduced tax rates for businesses, and provide financial support for green energy initiatives [172]. Funding for renewable energy initiatives can be derived from governmental sources and alternative means, such as crowdsourcing and collaborations with private enterprises that share a vested interest in addressing renewable energy concerns [173].…”

Section: High Investment Costs For Renewable Energy Generation Techno...mentioning

confidence: 99%

Exploring the Synergy of Renewable Energy in the Circular Economy Framework: A Bibliometric Study

Kristia,

Rabbi

2023

Sustainability

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Over the past half-century, scientists from many different areas have been investigating how to switch to renewable energy, especially in the context of a circular economy. Numerous articles have discussed the scientific aspects of developing technology to support this process. This systematic literature review and bibliometric study aim to fill in research gaps by looking at trends, challenges, and possible future directions for the use of renewable energy in the context of a circular economy, especially in the fields of business, management, and economics. The study analyzed 294 peer-reviewed articles using the R Studio-Biblioshiny package version 4.1.2 software. The challenges of integrating renewable energy technologies within a circular economy include financial constraints, such as a high initial investment, the lack of an adequate regulatory framework and government support, the intermittent availability of renewable energy sources, the scarcity of resources and components for renewable energy generation technologies, relatively low energy conversion efficiency, the challenge of increasing consumer awareness, and the environmental impact of technological waste. The study suggests that future research should focus on financial models and policy incentives that can encourage businesses and investors to take advantage of renewable energy. The study also recommends exploring sustainable alternative fuel technologies, optimized waste-to-energy conversion, the increased efficiency of bioenergy conversion, more efficient solar panels, improved energy storage capacity, the life cycle management of solar panel devices, and the development of innovative business models to facilitate industrial symbiosis.

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“…The presence of climate mitigation policies are found to be one of the key drivers for attracting FDI in renewable energy projects. By offering a guaranteed, above the market price for RE-sourced electricity, FITs are positively linked to private investment in RES (Azhgaliyeva et al, 2023).…”

Section: Literature Review: Renewable Energy Support Policiesmentioning

confidence: 99%

Renewable Energy Targets and Policies in Traditional Oil-Producing Countries: A Comparison of Azerbaijan and Kazakhstan

Guliyev

2023

Journal of Eurasian Studies

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The clean energy transition has entered the policy discourse and government agenda of the Caspian oil-producing countries of Azerbaijan and Kazakhstan. Both countries have set a target to increase the share of renewable energy sources (RES) in total energy production by 2030. This article presents a comparative analysis of Azerbaijan and Kazakhstan in their paths to a low-carbon sources of energy covering the status of RES, renewable energy targets, and the role of government policy schemes in promoting renewable energy (RE) deployment. The study shows that despite some commonalities in the initial conditions (such as Soviet-era legacies of fossil-fuel-based infrastructure, a high degree of dependence on oil and gas rents, and dominance of state-owned enterprises), Kazakhstan adopted a more targeted regulatory framework and more elaborate policy schemes with regards to renewables than Azerbaijan did. In the latter case, the introduction of relevant renewable legislation has been significantly delayed or implemented only partially. As a result, Kazakhstan has performed relatively more successfully on advancing non-conventional renewable energy targets: non-hydro renewable sources accounted for 3% of total electricity generated in Kazakhstan and made up only 1% of electricity produced in Azerbaijan (as of 2020). This article highlights the following factors that stand out in explaining these variable outcomes: the degree of economic liberalization, quality of governance of the oil and gas sector, regulatory frameworks, and policy support schemes.

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What matters for private investment in renewable energy?

Cited by 30 publications

References 43 publications

Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL

Empowering renewable energy consumption through public-private investment, urbanization, and globalization: Evidence from CS-ARDL and NARDL

Exploring the Synergy of Renewable Energy in the Circular Economy Framework: A Bibliometric Study

Renewable Energy Targets and Policies in Traditional Oil-Producing Countries: A Comparison of Azerbaijan and Kazakhstan

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