scholarly journals ANALYSIS OF CO2 EMISSION AND ECONOMIC GROWTH AS POTENTIAL DETERMINANTS OF RENEWABLE ENERGY DEMAND IN NIGERIA: A NONLINEAR AUTOREGRESSIVE DISTRIBUTED LAGS APPROACH

2021 ◽  
Vol 11 (3) ◽  
pp. 510-516
Author(s):  
Bernard Olagboyega Muse
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Co2 Emission ◽  
Energy Demand ◽  
Distributed Lags ◽  
Nonlinear Autoregressive

scholarly journals Optimal Design on Fossil-to-Renewable Energy Transition of Regional Integrated Energy Systems under CO2 Emission Abatement Control: A Case Study in Dalian, China

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2879
Author(s):  
Xinxin Liu ◽  
Nan Li ◽  
Feng Liu ◽  
Hailin Mu ◽  
Longxi Li ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Optimal Design ◽  
Co2 Emission ◽  
Energy Demand ◽  
Energy Systems ◽  
Energy System ◽  
Mixed Integer ◽  
Total Annual Cost ◽  
Emission Abatement ◽  
Integrated Energy Systems

Optimal design of regional integrated energy systems (RIES) offers great potential for better managing energy sources, lower costs and reducing environmental impact. To capture the transition process from fossil fuel to renewable energy, a flexible RIES, including the traditional energy system (TES) based on the coal and biomass based distributed energy system (BDES), was designed to meet a regional multiple energy demand. In this paper, we analyze multiple scenarios based on a new rural community in Dalian (China) to capture the relationship among the energy supply cost, increased share of biomass, system configuration transformation, and renewable subsidy according to regional CO2 emission abatement control targets. A mixed integer linear programming (MILP) model was developed to find the optimal solutions. The results indicated that a 40.58% increase in the share of biomass in the RIES was the most cost-effective way as compared to the separate TES and BDES. Based on the RIES with minimal cost, by setting a CO2 emission reduction control within 40%, the RIES could ensure a competitive total annual cost as compared to the TES. In addition, when the reduction control exceeds 40%, a subsidy of 53.83 to 261.26 RMB/t of biomass would be needed to cover the extra cost to further increase the share of biomass resource and decrease the CO2 emission.

Does Technological Innovation Advance Environmental Sustainability in ASEAN Countries?

2021 ◽  
Vol 9 (3) ◽  
Author(s):  
Tabish Nawab ◽  
Muhammad Azhar Bhatti ◽  
Muhammad Atif Nawaz
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Environmental Sustainability ◽  
Energy Demand ◽  
Carbon Emission ◽  
Technology Innovation ◽  
Renewable Energy Consumption ◽  
Panel Ardl ◽  
Long Run ◽  
Environment Degradation

Environment degradation is a very important issue in developing nations and a lot of research had done to examine the factors of environmental degradation but these studies were missed some important factors which are covered by this study. By examining the effect of economic growth and energy in the presence of renewable energy consumption and technology innovation on environment degradation for ASEAN nations. Panel ARDL (which is PMG and MG) is used to estimate the model, and the advantage of this model is it gives both the long and short-run estimates of the model which helps to understand the situation in both short as well as long run. The results confirm that economic growth, Population, trade, and renewable energy increase the carbon emission level in ASEAN nations. While technology innovation decreased carbon emission levels which means technology innovation helps to keep the environment healthy and clean. Hence, economic growth helps the nations to improve their energy mode from non-renewable to renewable energy, which meets the energy demand by keeping the environment clean.

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

2020 ◽  
pp. 0958305X2094403
Author(s):  
Emrah Ismail Cevik ◽  
Durmuş Çağrı Yıldırım ◽  
Sel Dibooglu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Energy Demand ◽  
Fossil Fuels ◽  
The United States ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Long Run ◽  
The Us

We examine the relationship between renewable and non-renewable energy consumption and economic growth in the United States. While the regime-dependent Granger causality test results for the non-renewable energy consumption and economic growth suggest bi-directional causality in both regimes, we cannot validate any causality between renewable energy consumption and economic growth. The US meets its energy demand from non-renewable sources; as such, renewable energy consumption does not seem to affect economic growth. Given the efficiency and productivity of renewable energy investments, we conclude that it is worthwhile to consider renewable energy inputs to replace fossil fuels given potential benefits in terms of global warming and climate change concerns. In this regard, increasing the R&D investments in the renewable energy sectors, increases in productivity and profitability of renewable energy investments are likely to accrue benefits in the long run.

scholarly journals Effects of Age Dependency and Urbanization on Energy Demand in BRICS: Evidence From the Machine Learning Estimator

2021 ◽  
Vol 9 ◽  
Author(s):  
Zhou Lu ◽  
Mantu Kumar Mahalik ◽  
Hemachandra Padhan ◽  
Monika Gupta ◽  
Giray Gozgor
Keyword(s):  
Machine Learning ◽  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Old Age ◽  
Direct Investment ◽  
Energy Demand ◽  
Young Age ◽  
Age Dependency ◽  
Foreign Direct Investment Inflows

This paper examines the effects of age dependency ratio (the young age, old-age and overall age) and urbanization on renewable and non-renewable energy consumption in Brazil, India, China, and South Africa, considering the panel data from 1990 to 2019. We control economic growth and foreign direct investment inflows as key factors in the energy demand function using the Stochastic Impacts by Regression on Population, Affluence and Technology approach. Empirical analysis has been implemented using the Kernel Regularized Least Squares machine learning method to solve possible classification problems in the traditional regressions without relying on the linearity assumption. It is observed that the young age dependency, overall age dependency, and urbanization negatively affect both renewable and non-renewable energy demand. On the contrary, old-age dependency and economic growth are positively associated with renewable and non-renewable energy demand. The mixed effects of foreign direct investment inflows on renewable and non-renewable energy demand patterns are also found. Thus, the findings suggest that environment policymakers in the BRICS economies should prioritize urbanization, young age, and overall age population to improve energy efficiency.

scholarly journals An overview of the opportunities and challenges in sustaining the energy industry in Afghanistan

2020 ◽  
Vol 173 ◽  
pp. 03006
Author(s):  
Shambalid Ahady ◽  
Nirendra Dev ◽  
Anubha Mandal
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Demand ◽  
Universal Access ◽  
Energy Requirement ◽  
Policy Formulation ◽  
Energy Industry ◽  
Energy Access ◽  
Renewable Energy Resources ◽  
Self Sufficiency

Energy access is not only crucial for economic growth but also important for any strategy to improve the health and social welfare of a nation. Afghanistan’s energy industry is in poor condition due to many years of war and negligence. Despite international agencies’ support and energy policies adopted in the last few years, Afghanistan has no universal access to power. Besides, the residences suffer from an irregular distribution of power supply. There is a growing gap between demand and supply, and the current predictions of demand do not show reality due to hindered economic growth. Afghanistan’s domestic power transmission is limited, which must be extended for the country to enjoy a stable and sustainable energy supply. Sustainability and security of Afghanistan’s power sector would rely on its ability to become self-reliant in power generation. Overall, the objective of this paper is to summarize the current energy status of Afghanistan and to identify energy opportunities for self-sufficiency and challenges in various aspects of energy sources. To meet energy demand, Afghanistan can develop its autochthonous hydrocarbon and renewable energy resources. By improving its domestic energy potential from natural resources, Afghanistan can fulfill its primary energy requirement. Further, along with policy formulation, appropriate and planned implementation of renewable energy policy, energy efficiency targets, and strategies, Afghanistan can reach energy self-sufficiency goals with socio-economic development.

scholarly journals Renewable Energy Demand, Financial Reforms and Environmental Quality in West Africa

2021 ◽  
Author(s):  
Bright Obuobi ◽  
Yifeng Zhang ◽  
Emmanuel Nketiah ◽  
Gibbson Adu-Gyamfi ◽  
Dan Cudjoe
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Renewable Energy ◽  
Direct Investment ◽  
Energy Demand ◽  
Clean Energy ◽  
Ordinary Least Squares ◽  
West African ◽  
Financial Reforms ◽  
Ecological Footprints

Abstract Sustainable Development Goal (SDG-7) stipulates the need for clean energy, reduced carbon emissions, prevention of environmental degradation, promotion of biodiversity, and ecosystem preservation. Towards achieving these goals, this study provides new evidence on the causal link between renewable energy demand, financial reforms, economic growth, foreign direct investment, and environmental quality among emerging West African economies. The study adopted the Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, Pooled Mean group estimation and Granger causality test for its analysis. It was found that renewable energy demand has been favorable to the environmental health of West African economies. Also, financial reforms made within the region contributed to increasing the ecological footprints of the region. Direct investments from foreign companies showed encouraging results as it improves the environment quality. We also found a unidirectional causality from ecological footprints to renewable energy demand and financial reforms but a bidirectional relationship with economic growth and foreign direct investment. Moreover, it was evident that ecological footprints granger causes financial reforms and economic growth but not vice versa. Policy recommendations outlined encourages governments and policy-makers to embark on intensive clean energy technologies and effective green financial reforms to help achieve Sustainable Development Goals.

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