The impacts of R&D investment and stock markets on clean‐energy consumption and CO 2 emissions in OECD economies

2020 ◽  
Vol 26 (4) ◽  
pp. 4979-4992
Author(s):  
Md Samsul Alam ◽  
Nicholas Apergis ◽  
Sudharshan Reddy Paramati ◽  
Jianchun Fang
Keyword(s):  
Energy Consumption ◽  
Stock Markets ◽  
Clean Energy ◽  
D Investment

scholarly journals Practice of generation-grid-load-storage interactive transaction considering clean energy consumption

2021 ◽  
Vol 657 (1) ◽  
pp. 012067
Author(s):  
Jie Fan ◽  
Xuesong Li ◽  
Hao Chen ◽  
Yu Jiang ◽  
Shizhen Wang ◽  
...  
Keyword(s):  
Energy Consumption ◽  
Clean Energy ◽  
Grid Load

scholarly journals Threshold Effect of Economic Growth on Energy Intensity—Evidence from 21 Developed Countries

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4199
Author(s):  
Jinjin Zhou ◽  
Zenglin Ma ◽  
Taoyuan Wei ◽  
Chang Li
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Urban Population ◽  
Energy Intensity ◽  
Developed Countries ◽  
Renewable Energy Consumption ◽  
Tertiary Industry ◽  
D Investment ◽  
Threshold Point

Based on threshold regression models, this paper analyzes the effect of economic growth on energy intensity by using panel data from 21 developed countries from 1996 to 2015. Results show that a 1% increase in GDP per capita can lead to a 0.62–0.78% reduction in energy intensity, implying economic growth can significantly reduce energy intensity. The extent of the reduction in energy intensity varies depending on the economic development stages represented by key influencing factors including energy mix in consumption, urbanization, industrial structure, and technological progress. Specifically, the reduction in energy intensity due to economic growth can be enhanced with relatively more renewable energy consumption and more urban population until a threshold point, where the enhancement disappears. On the other hand, the extent of the energy intensity reduction due to economic growth can be weakened with relatively more tertiary industry activities and more research and development (R&D) investment in an economy until a threshold point, where the weakening cannot continue. However, compared to the early stages represented by the low ends of renewable energy consumption, urban population, tertiary industry activities, and R&D investment, the later stages represented by the high ends of these key factors after a threshold show the weakened effect of economic growth on the decline of energy intensity. Hence, when an economy is well-developed, policy makers are advised to put fewer expectations on the role of economic growth to reduce energy intensity, while pursuing relatively cleaner energy, greater urbanization, more tertiary industry activities, and advanced technologies.

scholarly journals Motivating factors affecting the individual energy consumption behavior

2021 ◽  
Vol 124 ◽  
pp. 08003
Author(s):  
Jalal ud Din Akbar ◽  
Muhammad Ridhuan Tony Lim Abdullah
Keyword(s):  
Climate Change ◽  
Energy Consumption ◽  
Human Behavior ◽  
Clean Energy ◽  
Daily Routine ◽  
Factors Affecting ◽  
Number Of Factors ◽  
Development Goals ◽  
The Government ◽  
The Individual

Global challenges of climate change and environmental deterioration helped in formulating seventeen sustainable development goals through United Nation. Achieving these sustainable goals, Malaysia initiated and track progress towards affordable and clean energy. The natural environment and climate are mostly influenced by human behavior. Due to the role of human behavior in climate change, a strong tendency towards the pursuit of energy sustainability exists. Attention is paid to strengthen the human behavior from general acts of doing things to carrying specific actions by adopting a responsible behavior into daily routine. A number of factors were identified through literature such as social structure, institution, and education for understanding the individual behavior for sustainability with regard to energy consumption. Many experts related to the field of energy were engaged to sort and prioritize these factors with respect to their importance by using multi-criteria decision making tool of analytical hierarchy process (AHP). The experts were selected from different sectors such as academia, NGOs and industry. With the help of experts, a framework of individual energy consumption behaviour is developed to allow the government and other stakeholders to make policies accordingly to achieve energy sustainable.

scholarly journals Testing the Environmental Kuznets Curve Hypothesis for Turkey: The Role of Clean Energy Consumption and Ecological Footprint

2020 ◽  
Author(s):  
Suleyman Yurtkuran
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Capita Income ◽  
Environmental Kuznets Curve ◽  
Ecological Footprint ◽  
Clean Energy ◽  
Kuznets Curve ◽  
Per Capita ◽  
Environmental Kuznets Curve Hypothesis

Abstract This study aims to investigate the dynamic relationship between income, clean energy consumption, exports, imports, urbanization and ecological footprint for Turkey from 1973 to 2015 using the environmental Kuznets curve hypothesis. The long-term coefficients derived from the ARDL approach demonstrate that import increase the ecological footprint, whereas urbanization and clean energy consumption do not have an impact on environmental pollution in the long-term. In addition, the 2001 dummy variable is negative and statistically significant. The crisis in 2001 slowed down the economic growth rate. This situation also caused reduction of environmental pollution. Moreover, the long run estimates indicate that the EKC hypothesis is valid in Turkey. However, the turning point of per capita income was calculated as $16,045 that outside of the analyzed period. As economic activities increase, human pressure on nature continues to increase. Consequently, the only factor that reduces the ecological footprint has been determined as exports. In contrast, economic growth and clean energy consumption cannot be used as a tool to reduce the ecological footprint. Turkey needs a higher level of per capita income than the threshold level to improve environmental quality.

scholarly journals Low-carbon development via greening global value chains: a case study of Belarus

2020 ◽  
Vol 476 (2239) ◽  
pp. 20200024
Author(s):  
Huiqing Wang ◽  
Yixin Hu ◽  
Heran Zheng ◽  
Yuli Shan ◽  
Song Qing ◽  
...  
Keyword(s):  
International Trade ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Clean Energy ◽  
Global Value Chains ◽  
Value Chains ◽  
Energy Structure ◽  
Low Carbon ◽  
Low Carbon Development ◽  
Plastic Products

The rise of global value chains (GCVs) has seen the transfer of carbon emissions embodied in every step of international trade. Building a coordinated, inclusive and green GCV can be an effective and efficient way to achieve carbon emissions mitigation targets for countries that participate highly in GCVs. In this paper, we first describe the energy consumption as well as the territorial and consumption-based carbon emissions of Belarus and its regions from 2010 to 2017. The results show that Belarus has a relatively clean energy structure with 75% of Belarus' energy consumption coming from imported natural gas. The ‘chemical, rubber and plastic products' sector has expanded significantly over the past few years; its territorial-based emissions increased 10-fold from 2011 to 2014, with the ‘food processing' sector displaying the largest increase in consumption-based emissions. An analysis of regional emissions accounts shows that there is significant regional heterogeneity in Belarus with Mogilev, Gomel and Vitebsk having more energy-intensive manufacturing industries. We then analysed the changes in Belarus' international trade as well as its emission impacts. The results show that Belarus has changed from a net carbon exporter in 2011 to a net carbon importer in 2014. Countries along the Belt and Road Initiative, such as Russia, China, Ukraine, Poland and Kazakhstan, are the main trading partners and carbon emission importers/exporters for Belarus. ‘Construction’ and ‘chemical, rubber and plastic products' are two major emission-importing sectors in Belarus, while ‘electricity' and ‘ferrous metals' are the primary emission-exporting sectors. Possible low-carbon development pathways are discussed for Belarus through the perspectives of global supply and the value chain.

scholarly journals The Impact of Energy Consumption and Economic Growth on Carbon Dioxide Emissions

2020 ◽  
Vol 12 (19) ◽  
pp. 7965
Author(s):  
Oluyomi A. Osobajo ◽  
Afolabi Otitoju ◽  
Martha Ajibola Otitoju ◽  
Adekunle Oke
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Fixed Effects ◽  
Positive Impact ◽  
Clean Energy ◽  
Cointegration Tests ◽  
The Impact

This study explored the effect of energy consumption and economic growth on CO2 emissions. The relationship between energy consumption, economic growth and CO2 emissions was assessed using regression analysis (the pooled OLS regression and fixed effects methods), Granger causality and panel cointegration tests. Data from 70 countries between 1994–2013 were analysed. The result of the Granger causality tests revealed that the study variables (population, capital stock and economic growth) have a bi-directional causal relationship with CO2 emissions, while energy consumption has a uni-directional relationship. Likewise, the outcome of the cointegration tests established that a long-run relationship exists among the study variables (energy consumption and economic growth) with CO2 emissions. However, the pooled OLS and fixed methods both showed that energy consumption and economic growth have a significant positive impact on CO2 emissions. Hence, this study supports the need for a global transition to a low carbon economy primarily through climate finance, which refers to local, national, or transnational financing, that may be drawn from public, private and alternative sources of financing. This will help foster large-scale investments in clean energy, that are required to significantly reduce CO2 emissions.

Hydrogen: A Very Promising Energy Carrier for the Future

2002 ◽  
Author(s):  
Xenophon K. Kakatsios
Keyword(s):  
Energy Consumption ◽  
Nuclear Power ◽  
Fossil Fuels ◽  
Global Climate ◽  
Clean Energy ◽  
Energy System ◽  
Primary Energy ◽  
Energy Carrier ◽  
Current Status ◽  
The Future

As we enter the new century, new fuels may be required for both stationary power and transportation to ameliorate the triple threats of local air pollution, global climate change and dependence on unstable nations for imported oil. Shifting away from fossil fuels may be essential within decades if citizens in the developing world achieve even a significant fraction of the per capita energy consumption enjoyed by the industrial nations. Business-as-usual or evolutionary shifts in energy consumption patterns may not be adequate. New paradigms and new energy initiatives may be required to protect the environment while providing the energy services we have come to expect. Hydrogen could play a significant role as a clean energy carrier in the future for both stationary and transportation markets. Produced from renewable energy or nuclear power, hydrogen could become the backbone of a truly sustainable energy future – an energy system that consumes no non-renewable resources and creates no pollution or greenhouse gases of any type during operation. However, to achieve this potential, hydrogen must overcome serious economic, technological and safety perception barriers before it can displace fossil fuels as the primary energy carrier throughout the world. In this paper we explore the current status of hydrogen and fuel cell systems compared to other fuel options for reducing pollution, greenhouse gas emissions and suggest the introduction of hydrogen into the energy economy.

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