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DOI | 10.1016/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 |
ISSN | 0140-9883 |
EISSN | 1873-6181 |
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 |
推荐引用方式 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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