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DOI10.1016/j.eneco.2023.106700
The impact of geopolitical risks on renewable energy demand in OECD countries
Zhao, Zuoxiang; Gozgor, Giray; Lau, Marco Chi Keung; Mahalik, Mantu Kumar; Patel, Gupteswar; Khalfaoui, Rabeh
发表日期2023
ISSN0140-9883
EISSN1873-6181
卷号122
英文摘要This paper examines the effects of geopolitical risks on renewable energy demand in 20 Organization for Eco-nomic Co-operation and Development (OECD) member countries from 1970 to 2019. The renewable energy demand function includes carbon dioxide (CO2) emissions, economic globalisation, natural resources rents, and per capita income as control variables. It is found that geopolitical risks reduce the demand for renewable energy and threaten climate change mitigation policies. Degrading the environment in terms of rising CO2 emissions is detrimental to the renewable energy demand. Natural resource rents also decrease renewable energy con-sumption. However, higher per capita income and economic globalisation significantly increase renewable en-ergy consumption. These findings bear crucial policy implications for the Russia-Ukraine War era, suggesting that geopolitical risks discourage renewable energy demand. Therefore, policymakers in the OECD countries should focus on geopolitical harmony among economic agents, groups, and regions.
英文关键词Renewable energy demand; Climate change economics; Geopolitical risks; Natural resources rents; OECD member countries
语种英语
WOS研究方向Economics
WOS类目Social Science Citation Index (SSCI)
WOS记录号WOS:000998275800001
来源期刊ENERGY ECONOMICS
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/281157
作者单位Chinese Academy of Sciences; University of Bradford; Hang Seng University of Hong Kong; Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Kharagpur; Universite de Lorraine; Istanbul Medeniyet University; Lebanese American University
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GB/T 7714
Zhao, Zuoxiang,Gozgor, Giray,Lau, Marco Chi Keung,et al. The impact of geopolitical risks on renewable energy demand in OECD countries[J],2023,122.
APA Zhao, Zuoxiang,Gozgor, Giray,Lau, Marco Chi Keung,Mahalik, Mantu Kumar,Patel, Gupteswar,&Khalfaoui, Rabeh.(2023).The impact of geopolitical risks on renewable energy demand in OECD countries.ENERGY ECONOMICS,122.
MLA Zhao, Zuoxiang,et al."The impact of geopolitical risks on renewable energy demand in OECD countries".ENERGY ECONOMICS 122(2023).
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