scholarly journals The Bioeconomy and Foreign Trade in Food Products—A Sustainable Partnership at the European Level?

2020 ◽  
Vol 12 (6) ◽  
pp. 2460
Author(s):  
Dan Costin Nițescu ◽  
Valentin Murgu
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Research And Development ◽  
Food Products ◽  
Forest Area ◽  
Green Economy ◽  
Added Value ◽  
European Level ◽  
Renewable Energy Consumption

This research addresses the problem of the synergistic relationship between the sustainable development of the green economy (bioeconomy) at the European level and the commercial flows with food. Mainly, two components were analyzed and integrated: A qualitative one, on the perspective of the development of the bioeconomy at the European level, and a quantitative one, on the study of the nature of the inter-correlation between the exogenous indicators of foreign food trade (exports and imports) and the relevant endogenous indicators (the labor force, gross added value of agriculture, forestry and fisheries, research and development expenditure, forest area, fossil fuel energy consumption, and renewable energy consumption), for 24 European countries over a 22 year period. Exports and imports of food products are positively influenced by the added value of the agricultural sector and by the share of research and development expenditures, both in the short and long term. Renewable energy consumption influences exports in the short term, but in the long term, the forest area has a significant positive impact. Imports are negatively influenced by renewable energy consumption. The findings of this research can provide support for the future mix of policies.

scholarly journals Forest Conservation and Renewable Energy Consumption: An ARDL Approach

Forests ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 255
Author(s):  
Pablo Ponce ◽  
María de la Cruz Del Río-Rama ◽  
José Álvarez-García ◽  
Cristiana Oliveira
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Low Income ◽  
Forest Cover ◽  
Clean Energy ◽  
Causal Link ◽  
Forest Area ◽  
Low Income Countries ◽  
Renewable Energy Consumption

Deforestation shows the constant environmental degradation that occurs worldwide as a result of the growth of economic activity and the increase in population. This research examines the causal link between renewable energy consumption, GDP, GDP2, non-renewable energy price, population growth and forest area in high, middle- and low-income countries. Based on data obtained from World Development Indicators, the autoregressive distributed lag model, with a time series, is used to examine the long-term cointegration relationship between the variables. The results justify the existence of a joint long-term relationship between the variables analysed for the middle-income countries and low-income countries. When the forest area is not at its equilibrium level, the speed of adjustment is slow (0.44% and 8.7%), which is typical of the nature of this natural resource. An increase in the consumption of renewable energy is associated with an increase between 0.04 and 0.02 square kilometres of forest cover, respectively. The research does not show evidence about the equilibrium relationship in the short term. Growth in renewable energy consumption is one of the main drivers for preserving the forest area. Therefore, those responsible for making economic policies must aim their measures towards the use of clean energy.

scholarly journals The Implementation of Climate Change Policy in Post-Soviet Countries Achieving Long-Term Targets

2020 ◽  
Vol 12 (11) ◽  
pp. 4558
Author(s):  
Yuliia Matiiuk ◽  
Mykolas Simas Poškus ◽  
Genovaitė Liobikienė
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Energy Intensity ◽  
Climate Change Policy ◽  
Renewable Energy Consumption ◽  
Change Policy ◽  
The Eu

Contribution to climate change mitigation is required for all world countries. Post-Soviet countries’ climate change policy strategies by 2030 (2035) were adopted relatively recently. Thus, the aim of this study is to analyze the achievements of climate change policy, encompassing carbon emissions, energy intensity, and renewable energy consumption, in separate Post-Soviet countries and to reveal the possibilities of reaching their long-term 2030–2035 targets. The results showed huge differences in carbon emissions, energy intensity, and the share of renewable energy consumption among Post-Soviet countries. Analyzing the trends of climate change policy implementation in almost all Post-Soviet countries (except Ukraine and Uzbekistan), carbon pollution increased during the analyzed period (2002–2014). The highest growth of emissions was observed in Georgia and Tajikistan. Furthermore, the economic development level was positively and significantly related to the level of carbon emissions. During the 2002–2014 period, energy intensity decreased in all Post-Soviet countries, particularly in those where the level was lower. The share of renewable energy consumption increased the most in countries that are members of the EU (Latvia, Lithuania, and Estonia) and Moldova, which declared its willingness to join the EU. However, the energy intensity and the share of renewable energy consumption were insignificantly related to the level of economic development. Analyzing the possibility of achieving the Post-Soviet countries’ climate change policy targets, the results showed that only some of them will succeed. Therefore, Post-Soviet countries should implement more efficient climate change policies and effective tools in order to achieve their targets.

scholarly journals Financial Development, Clean Energy, and Human Capital: Roadmap towards Sustainable Growth in América Latina

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3763
Author(s):  
Pablo Ponce ◽  
José Álvarez-García ◽  
Johanna Medina ◽  
María de la Cruz del Río-Rama
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Clean Energy ◽  
Sustainable Growth ◽  
Policy Implications ◽  
Renewable Energy Consumption

The consumption of renewable energy has become a substitute for fossil fuels to mitigate environmental degradation. However, this substitution of energy raises many questions regarding its possible impact on economic growth. In this context, this research aims to examine the long-term relationship between economic growth and financial development, non-renewable energy, renewable energy, and human capital in 16 Latin American countries. Panel data techniques during the period 1988–2018 and statistical information compiled by the World Bank and Penn Word Table databases were used. Second-generation econometric techniques (cross-sectionally augmented Dickey–Fuller (CADF) and cross-sectionally augmented IPS (CIPS) were used in the work methodology, which allow the presence of cross-sectional dependence between sections to be controlled. The main results indicate that there is a long-term equilibrium relationship between financial development, non-renewable energy consumption, renewable energy consumption, human capital, and economic growth. The results show that the consumption of renewable energy does not compromise economic growth; the 1% increase in renewable energy consumption is related to the 1% increase in economic growth. The policy implications suggest some measures to ensure economic growth considering the role of green energy and human capital.

Can conventional energy be replaced by renewable energy without harming economic growth in non-oil-MENA? Evidence from Granger causality in VECM

2019 ◽  
Vol 15 (2) ◽  
pp. 159-168
Author(s):  
Badry Hechmy
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Granger Causality ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Content Type ◽  
Investigation Methods ◽  
The Relationship

Purpose The purpose of this paper is to examine the relationship between renewable energy consumption and economic growth in non-oil countries in the Middle East and North Africa (non-oil-MENA) during the period from 2000 to 2014. The Pedroni (2000) test shows that there is a long-term cointegration relationship between those variables; however, the Granger causality test in the vector error correction model (VECM) shows that this relationship is bidirectional in the short and long term. Thus, to ensure sustainable economic growth without pollution and to reduce dependence on abroad, renewable energies can be chosen as substitutes for conventional energies in the non-oil-MENA countries. Design/methodology/approach First, LLC and IPS unit root tests are used to test the variables stationarity; and, second, Pedroni panel cointegration and Engle–Granger causality by VECM analysis are used to check the relationship between the studied variables. Findings Empirical results show that the renewable energy consumption and economic growth are cointegrated and that there are two-way causal relationships between them in the long and in the short term. These countries must therefore encourage the consumption of renewable energy instead of traditional energy to reduce their dependence on energy from abroad and CO2 pollution. Originality/value The originality of this work lies in the measurements of the study variables and the empirical investigation methods used.

scholarly journals The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries

2020 ◽  
Vol 10 (1) ◽  
pp. 10-20
Author(s):  
Tunahan Hacıimamoğlu ◽  
Ali Rıza Sandalcılar
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
The Philippines ◽  
Cointegration Analysis ◽  
Economic Stability ◽  
Renewable Energy Consumption

This study aims to investigate the effect of renewable energy consumption on economic stability. In this regard, covering the period of 1990-2016, data of 35 countries, 19 of which are developed and 16 of which are developing, were used. The cointegration analysis results reveal that, there is a long-term relationship between the two variables in developed and developing countries. According to panel coefficient estimators, the effect of renewable energy consumption on economic stability is positive and statistically meaningful in Germany, Denmark, Italy, Switzerland, and Sweden, which are developed countries, and also in Egypt, Turkey, Taiwan, Pakistan, and Indonesia, which are developing countries. However, the effect is negative and significant in contrast to expectations in England and Belgium, which are developed countries, and in India and the Philippines, which are developing countries.

The relationship between renewable energy consumption and economic growth

2019 ◽  
Vol 13 (3) ◽  
pp. 573-589 ◽  
Author(s):  
Hamit Can ◽  
Özge Korkmaz
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Electricity ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
The Balkans ◽  
Bound Test ◽  
The Relationship

Purpose The purpose of this study is to investigate the relationship between renewable energy and economic growth of Bulgaria. Design/methodology/approach This study analyzes the relationship between renewable energy and economic growth of Bulgaria for the period 1990-2016, based on annual data, by using the Toda–Yamamoto analysis and Autogressive Distrubuted Lag (ARDL) bound test. This period is characterized by the democratization of the Balkans and several crisis cycles in Bulgaria. Renewable energy consumption (REC, percentage of total final energy consumption), renewable electricity output (REO, percentage of total electricity output) and economic growth (GDP constant 2010 US$) were used. The levels or differences of the variables that are stationary were investigated using the augmented Dickey–Fuller (ADF), Philips–Perron (PP) and Kwiatkowski-Philips-Schmidt-Shin (KPSS) unit root tests. Findings Three different results were obtained from this study. One showed that renewable energy consumption and renewable electricity output are the causes of economic growth. Another result of this study is that economic growth and renewable electricity output are the causes of renewable energy consumption. The last result is that economic growth and renewable energy consumption are not causes of renewable electricity output. There was no long-term relationship between variables. Research limitations/implications The ARDL and Toda–Yamamoto tests were used because of lack of data sets. Thus, it is estimated that there is no long-term relationship. Originality/value This study is an original work for Bulgaria, showing the results of the relationship between renewable energy and economic growth. In line with the results of this study, renewable energy projects related to Bulgaria can be predicted.

Does renewable energy promote green economic growth in OECD countries?

2020 ◽  
Vol 11 (4) ◽  
pp. 771-798 ◽  
Author(s):  
Dilvin Taşkın ◽  
Gülin Vardar ◽  
Berna Okan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Trade Openness ◽  
Green Economy ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
Long Run ◽  
Wide Range ◽  
The Impact

Purpose The development of green economy is of academic and policy importance to governments and policymakers worldwide. In the light of the necessity of renewable energy to sustain green economic growth, this study aims to examine the relationship between renewable energy consumption and green economic growth, controlling for the impact of trade openness for Organization for Economic Co-operation and Development countries over the period 1990-2015, within a multivariate panel data framework. Design/methodology/approach To investigate the long-run relationship between variables, panel cointegration tests are performed. Panel Granger causality based on vector error correction models is adopted to understand the short- and long-run dynamics of the data. Furthermore, ordinary least square (OLS), dynamic OLS and fully modified OLS methods are used to confirm the long-run elasticity of green growth for renewable energy consumption and trade openness. Moreover, system generalized method of moment is applied to eliminate serial correlation, heteroscedasticity and endogeneity problems. The authors used the panel Granger causality test developed by Dumitrescu and Hurlin (2012) to infer the directionality of the causal relationship, allowing for both the cross-sectional dependence and heterogeneity. Findings The results suggest that renewable energy consumption and trade openness exert positive effects on green economic growth. The results of long-run estimates of green economic growth reveal that the long-run elasticity of green economic growth for trade openness is much greater than for renewable energy consumption. The estimated results of the Dumitrescu and Hurlin (2012) test reveal bidirectional causality between green economic growth and renewable energy consumption, providing support for the feedback hypothesis. Practical implications This paper provides strong evidence of the contribution of renewable energy consumption on green economy for a wide range of countries. Despite the costs of establishing renewable energy facilities, it is evident that these facilities contribute to the green growth of an economy. Governments and public authorities should promote the consumption of renewable energy and should have a support policy to promote an active renewable energy market. Furthermore, the regulators must constitute an efficient regulatory framework to favor the renewable energy consumption. Social implications Many countries focus on increasing their GDP without taking the environmental impacts of the growth process into account. This paper shows that renewable energy consumption points to the fact that countries can still increase their economic growth with minimal damage to environment. Despite the costs of adopting renewable energy technologies, there is still room for economic growth. Originality/value This paper provides evidence on the contribution of renewable energy consumption on green economic growth for a wide range of countries. The paper focuses on the impact of renewable energy on economic growth by taking environmental degradation into consideration on a wide scale of countries.

scholarly journals Does renewable energy consumption contribute to the development of  low-carbon economy? Evidence from China

2021 ◽  
Author(s):  
Tuochen Li ◽  
Ziyi Shi ◽  
Dongri Han
Keyword(s):  
Economic Development ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Energy Use ◽  
Green Economy ◽  
Low Carbon ◽  
Renewable Energy Consumption ◽  
Low Carbon Economy ◽  
Development Level ◽  
Carbon Economy

Abstract Stimulating renewable energy consumption has become a major strategic choice for China to both fulfill the international commitment to reduce carbon emissions and realize the high-quality growth of the domestic economy. On account of the provincial data during the period of 2000 to 2017, we creatively incorporate the ecological footprint into the measurement of low-carbon economy development level through super-efficient SBM model, so as to infer the coordinated development level of 3E system more precisely. Based on factor substitution effect, energy path dependence effect and scale effect, the complex nonlinear relationship between the two core research objects is further probed by constructing the threshold regressive model. On the foundation of heoretical research, the consumption of renewable energy, the intensity of energy use and the level of regional economic development are respectively selected as the moderating variables of the model. Further, we divide different intervals of threshold values to distinguish the differences in the effects caused by regional heterogeneity. The following conclusions are drawed ultimately: There is an apparent threshold effect between the renewables consumption and the advancement of low-carbon economy. Only when the renewable itself reaches a higher level of consumption, can it show a significant advantage in green economic development. In addition, to make full use of the renewable resources to boost low-carbon and green economy, it is necessary to reduce the economy's dependence on energy, that is, to decrease the intensity of energy use, while maintaining the process of improving coordination of regional economy.

scholarly journals On the Impact of GDP per Capita, Carbon Intensity and Innovation for Renewable Energy Consumption: Worldwide Evidence

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6254
Author(s):  
Cristiana Tudor ◽  
Robert Sova
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Research And Development ◽  
High Income ◽  
Gdp Per Capita ◽  
Carbon Intensity ◽  
Renewable Energy Consumption ◽  
Per Capita ◽  
World Level ◽  
Very High

The mitigation of climate change through ambitious greenhouse gases emission reduction targets constitutes a current priority at world level, reflected in international, regional and national agendas. Within the common framework for global climate action, an increased reliance on renewable energy sources, which would assist countries to reduce energy imports and cut fossil fuel use, emerged as the solution towards achieving worldwide energy security and sustainability through carbon-neutrality. As such, this study is aimed to investigate the heterogeneous effects of relevant economic and environmental driving factors for renewable energy consumption (REC) that emerge from current policy objectives (GDP per capita, carbon intensity, and research and development) through an empirical analysis of a wide panel of 94 countries, and five income-based subpanels, over the 1995–2019 period, by using heterogeneous panel data fixed-effects estimation techniques (static and dynamic) with robust Driscoll–Kraay standard errors. The results unambiguously indicate that CO2 intensity has a significant mitigating effect on REC at world level, and this relationship is stronger for low-income and very high-income countries. Moreover, GDP per capita promotes REC when it surpasses the 5000 USD threshold, whereas research and development is a major contributor to increase in renewable energy consumption in very high-income countries. As such, for the policy makers, it is necessary to consider the heterogeneity of the drivers of REC in order to issue effective and congruent policies. The effective employment of post-COVID-19 recovery funds constitutes a timely, ideal occasion.

Sign in / Sign up

Export Citation Format

Share Document