The impact of financial development and technological innovations on renewable energy consumption: Do the roles of economic openness and financial stability matter in BRICS economies? DOI Open Access
Seyed Alireza Athari

Geological Journal, Journal Year: 2023, Volume and Issue: 59(1), P. 288 - 300

Published: Aug. 22, 2023

There is a significant gap in comprehensively probing the determinants of renewable energy consumption (REN) developing markets. Extant literature suggests beneficial role using diminishing carbon emissions and increasing environmental quality. This work addresses this contributes by investigating factors which significantly affect REN emerging economies. More specifically, present study attempts to contribute effects economic openness financial stability on while considering roles development, technological innovations, growth. To achieve purpose, focuses BRICS countries, are five massive outstanding economies globe, uses both fixed quantile panel data approaches for yearly between 2000 2021. Remarkably, results reveal that positively impact REN, implying rising them helps sustainability. Moreover, findings indicate positive development innovations whereas growth impacts adversely. The have essential recommendations governments, policymakers, regulatory bodies especially focusing drivers attempting maintain banking sector increase promote

Language: Английский

Renewable energy in prism of technological innovation and economic uncertainty DOI
Chi‐Wei Su, Khalid Khan, Muhammad Umar

et al.

Renewable Energy, Journal Year: 2022, Volume and Issue: 189, P. 467 - 478

Published: March 9, 2022

Language: Английский

Citations

52

Influence of economic policy uncertainty and financial development on renewable energy consumption in the BRICST region DOI

Ren Jie Zhang,

Asif Razzaq

Renewable Energy, Journal Year: 2022, Volume and Issue: 201, P. 526 - 533

Published: Oct. 27, 2022

Language: Английский

Citations

40

Charting a Sustainable Future: The Impact of Economic Policy, Environmental Taxation, Innovation, and Natural Resources on Clean Energy Consumption DOI Open Access

Shiyue Su,

Md. Qamruzzaman,

Salma Karim

et al.

Sustainability, Journal Year: 2023, Volume and Issue: 15(18), P. 13585 - 13585

Published: Sept. 11, 2023

Energy availability especially that derived from renewable sources has sustainable effects on economic progress and environmental rectifications. However, using clean energy in the mix been influenced by several macro fundamentals. The motivation of this study is to gauge impact uncertainties, restrictions innovation consumption for period 1997–2021 employing new econometric estimation techniques commonly known as CUP-FM CUP-BC. Referring preliminary assessment with slope homogeneity, cross-sectional dependency panel cointegration test, it unveiled research variables have exposed heterogeneity prosperities, dependence, long-run association empirical equation. According model output CUP-BC, EPU a native statistically significant connection consumption. At same time, taxation technological had beneficial development. Additionally, nonlinear disclosed asymmetric linkage between explanatory explained long short run. Directional causality revealed feedback hypothesis explaining relationship EPU, TI offered policy suggestions based findings future

Language: Английский

Citations

39

The energy transition: The behavior of renewable energy stock during the times of energy security uncertainty DOI Creative Commons

Philip Igeland,

Leon Schroeder,

Muhammad Yahya

et al.

Renewable Energy, Journal Year: 2023, Volume and Issue: 221, P. 119746 - 119746

Published: Dec. 2, 2023

The global energy sector is experiencing a transition towards renewable primarily driven by issues related to climate change and security. In this paper, we investigate the impact of uncertainties potential drivers connected security on volatilities returns stocks. Further, examine how uncertainty affect By applying MS-GARCH (1,1) MS-GJR-GARCH approach calculate Value at Risk (VaR) Conditional Value-at (CVaR). addition, estimate fixed effects model determine variables estimated conditional volatility returns. Our findings indicate that economic policy (EPU) positively impacts stocks, attributing an increased engagement transition. However, prices crucial green metals were found have negative stocks suggesting might impose implications regarding if not managed correctly. study important for policymakers, market participants, governmental agencies in devising roadmap promote process sources.

Language: Английский

Citations

37

The impact of financial development and technological innovations on renewable energy consumption: Do the roles of economic openness and financial stability matter in BRICS economies? DOI Open Access
Seyed Alireza Athari

Geological Journal, Journal Year: 2023, Volume and Issue: 59(1), P. 288 - 300

Published: Aug. 22, 2023

There is a significant gap in comprehensively probing the determinants of renewable energy consumption (REN) developing markets. Extant literature suggests beneficial role using diminishing carbon emissions and increasing environmental quality. This work addresses this contributes by investigating factors which significantly affect REN emerging economies. More specifically, present study attempts to contribute effects economic openness financial stability on while considering roles development, technological innovations, growth. To achieve purpose, focuses BRICS countries, are five massive outstanding economies globe, uses both fixed quantile panel data approaches for yearly between 2000 2021. Remarkably, results reveal that positively impact REN, implying rising them helps sustainability. Moreover, findings indicate positive development innovations whereas growth impacts adversely. The have essential recommendations governments, policymakers, regulatory bodies especially focusing drivers attempting maintain banking sector increase promote

Language: Английский

Citations

30