The dynamic relationship between climate policy uncertainty and renewable energy in the US: Applying the novel Fourier augmented autoregressive distributed lags approach

Energy, Год журнала: 2023, Номер 275, С. 127383 - 127383

Опубликована: Апрель 11, 2023

Язык: Английский

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The relationship between climate risk, climate policy uncertainty, and CO2 emissions: Empirical evidence from the US

Journal of Economic Behavior & Organization, Год журнала: 2023, Номер 212, С. 610 - 628

Опубликована: Июнь 23, 2023

This paper examines the relationship between climate risk and policy uncertainty, CO2 emissions in US over 2000–2022 period using a structural Factor- Augmented Vector AutoRegression (FAVAR) model with two-step principal component analysis based on monthly observations. We employ very recent measure to proxy for uncertainty regarding Climate Policy Uncertainty Index (CPU) of Gavriilidis (2021), while Risk is proxied by financial cost natural disasters number deaths. use different variables emissions, total sectoral emission (commercial, electric power, residential sector, transportation, industrial sector). The results indicate that significant percentage variance US, explained Natural Disasters Cost, which also seem account Total Renewable Energy Consumption variance. Shocks disaster costs decrease all type significantly increase renewable energy significantly. political disagreement among U.S. politicians, as well as, highlighting need efficient policymaking regulations. In further results, we find an Partisan Conflict decreases explains amount

Язык: Английский

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Impacts of renewable energy on climate risk: A global perspective for energy transition in a climate adaptation framework

Applied Energy, Год журнала: 2024, Номер 362, С. 122994 - 122994

Опубликована: Март 16, 2024

Язык: Английский

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Navigating energy policy uncertainty: Effects on fossil fuel and renewable energy consumption in G7 economies

International Journal of Green Energy, Год журнала: 2024, Номер unknown, С. 1 - 14

Опубликована: Окт. 14, 2024

In an era where energy transitions are critical for addressing climate change and ensuring economic stability, policy uncertainty (EGU) emerges as a crucial factor influencing consumption patterns. This study investigates the complex relationship between EGU various forms of consumption, including fossil fuels, renewables, total use across G7 countries from 1996 to 2022. Utilizing FMOLS (fully modified OLS) DOLS (dynamic ordinary models, long-term relationships among variables were established robustness was checked by employing ARDL (autoregressive distributed lag) model. Our findings reveal that significantly hampers fuel impedes renewable uptake, affects adversely. These effects underscore broader implications on strategies. Specifically, checks confirm these hold different model specifications periods. addition, analysis reveals dynamic impact control FDI inflow, institutional quality, banking development, inflation rates specific consumptions. Policy profound: governments must prioritize stabilization policies enhance investor confidence facilitate transition sustainable sources. Additionally, targeted interventions mitigate can promote development infrastructure support more predictable markets. provides new insights into impacts offers foundation strategic formulation aimed at achieving balanced future.

Язык: Английский

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Impacts of carbon market and climate policy uncertainties on financial and economic stability: Evidence from connectedness network analysis

Journal of International Financial Markets Institutions and Money, Год журнала: 2024, Номер 92, С. 101977 - 101977

Опубликована: Март 16, 2024

Язык: Английский

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Nexus between Green Investment, Fiscal Policy, Environmental Tax, Energy Price, Natural Resources, and Clean Energy—A Step towards Sustainable Development by Fostering Clean Energy Inclusion

Sustainability, Год журнала: 2023, Номер 15(18), С. 13591 - 13591

Опубликована: Сен. 12, 2023

This study aims to examine the relationship between green investment (GI), fiscal policy (FP), environmental tax (ET), energy price (EP), natural resource rent (NRR), and consumption of clean (CE) promote sustainable development in Cambodia for period 1990–2021. The implemented linear nonlinear frameworks document explanatory variables’ potential effects on long short run. research findings demonstrate a robust favorable connection GI, FP, ET CE, both term term. An augmentation GI results establishment growth utilization renewable energy, thereby underscoring significance initiatives advancing technologies. Fiscal policies, encompassing incentives subsidies, exert substantial enduring influence expanding sources. Implementing taxes catalyzes demand significantly preserving environment promoting practices. Furthermore, illuminates inverse correlation oil prices REC. Adopting sources may face obstacles form elevated prices, as conventional maintain cost advantage. On contrary, decreased incentivize transitioning towards using energy. Countries that heavily depend export resources display reduced inclination invest commonly called “resource curse” phenomenon. provides valuable insights into intricate interplay multiple factors contribute development. Policymakers, businesses, researchers can employ these develop productive strategies advance inclusion tackle challenges, cultivate more environmentally friendly future.

Язык: Английский

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How do energy markets react to climate policy uncertainty? Fossil vs. renewable and low-carbon energy assets

Energy Economics, Год журнала: 2023, Номер 128, С. 107195 - 107195

Опубликована: Ноя. 17, 2023

Язык: Английский

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Does environmental policy matter for renewable energy production and economic activity? Evidence from Granger causality in quantiles

Economic Analysis and Policy, Год журнала: 2023, Номер 81, С. 225 - 237

Опубликована: Ноя. 21, 2023

Язык: Английский

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The impact of oil prices, financial development and economic growth on renewable energy use

International Journal of Energy Sector Management, Год журнала: 2023, Номер 18(2), С. 351 - 368

Опубликована: Март 31, 2023

Purpose The purpose of this study is to verify all factors that promote renewable energy (RE) consumption. Past studies have shown financial development (FD) and economic growth (EG) are the major drivers toward RE development, while oil prices had mixed outcomes in different regions by studies. Design/methodology/approach Global warming effects been reason transition nations from fossil fuel use sources considered as friendly environment. This research uses fixed random techniques, ascertain which impact development. generalized linear model also used check robustness Fixed Effects Random models’ results, Kao, Pedroni Westerlund tests cointegration specified model. Findings findings show importance EG FD promoting Oil prices, inflation rate public sector credit present a negative effect on foreign direct investment does not significantly Practical implications recommends sources, well stabilization consumer prices. Originality/value important because it specifies three proxies FD, together with rate, modeling RE. By investigating emerging seven economies, becomes one few done region, per authors’ knowhow.

Язык: Английский

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The transition to renewable energies in Tunisia: The asymmetric impacts of technological innovation, government stability, and democracy

Energy, Год журнала: 2024, Номер 293, С. 130686 - 130686

Опубликована: Фев. 15, 2024

Язык: Английский

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