气候变化领域集成服务门户(CCPortal): Energy consumption within policy uncertainty: Considering the climate and economic factors

CCPortal

DOI	10.1016/j.renene.2023.03.098
	Energy consumption within policy uncertainty: Considering the climate and economic factors
	Li, Zheng Zheng; Su, Chi-Wei; Moldovan, Nicoleta-Claudia; Umar, Muhammad
发表日期	2023
ISSN	0960-1481
EISSN	1879-0682
起始页码	567
结束页码	576
卷号	208
英文摘要	Climate and economic policy are closely correlated with energy consumption. This study investigates the bidirectional causality between renewable (REC) and non-renewable energy consumption (NEC) and policy uncertainties. The time-varying bootstrap rolling window causality test considers structural changes and parameter instability. The results show that the causality between REC and climate policy uncertainty (CPU) is both negative and positive, which mainly stems from the attitudes of authorities towards climate change. If the Administration is positive for climate change mitigation, the correlation between REC and CPU is positive; otherwise, it is negative. The nexus between NEC and CPU is mainly positive, except during global financial crisis periods. This reflects that climate policies are affected by financial crises due to financial constraints. For comparison, we further analyse the dynamic correlation between energy consumption and economic policy uncertainty (EPU). EPU has a significant negative impact on REC in most subperiods, while it has a positive impact on NEC. This can be explained by the fact that non-renewable energy is cheap and convenient to use during economic downturns. Moreover, crude oil has strategic reserve value, especially in the turmoil periods. Regarding policy implications, harmonious and coherent climate and economic policies are important for energy transition.
英文关键词	Renewable energy; Non-renewable energy; Climate policy uncertainty; Economic policy uncertainty; Rolling window causality test
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Energy & Fuels
WOS类目	Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号	WOS:000972028400001
来源期刊	RENEWABLE ENERGY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280407
作者单位	Qingdao University; West University of Timisoara; Lebanese American University
推荐引用方式 GB/T 7714	Li, Zheng Zheng,Su, Chi-Wei,Moldovan, Nicoleta-Claudia,et al. Energy consumption within policy uncertainty: Considering the climate and economic factors[J],2023,208.
APA	Li, Zheng Zheng,Su, Chi-Wei,Moldovan, Nicoleta-Claudia,&Umar, Muhammad.(2023).Energy consumption within policy uncertainty: Considering the climate and economic factors.RENEWABLE ENERGY,208.
MLA	Li, Zheng Zheng,et al."Energy consumption within policy uncertainty: Considering the climate and economic factors".RENEWABLE ENERGY 208(2023).