气候变化领域集成服务门户(CCPortal): Do renewable energy sources perfectly displace non-renewable energy sources? Evidence from Asia-Pacific economies

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DOI	10.1007/s11356-024-32820-1
	Do renewable energy sources perfectly displace non-renewable energy sources? Evidence from Asia-Pacific economies
	Rather, Kashif Nesar; Mahalik, Mantu Kumar; Mallick, Hrushikesh
发表日期	2024
ISSN	0944-1344
EISSN	1614-7499
英文摘要	The existing scholarly discourse surrounding the energy transition has long operated on the assumption of perfect displacement of non-renewable energy. However, an evolving set of studies highlights an intricate web of inefficiencies and complexities that prevent the perfect displacement of fossil fuel energy with renewable energy production. Since this could carry serious implications for the environmental targets of several economies, it is crucial to accurately and continuously measure the actual extent of fossil fuel displacement. Within this framework, this study empirically investigates the extent of non-renewable energy displacement by renewable energy for a balanced panel of seven Asia-Pacific (APAC) countries between 1989 and 2015. The outcome function also controls for globalisation, real GDP per capita, and crude oil prices. After implementing the necessary diagnostics, the panel cointegration establishes a significant long-run relationship among the selected variables. The PMG-ARDL estimation indicates that renewable energy production and globalisation significantly reduce the fossil fuel energy production, whereas real GDP per capita and crude oil prices induce it positively. However, the coefficient of renewable energy production is only - 0.39, indicating that more than 2.5 units of renewable electricity are necessary to displace a unit of non-renewable energy. As such, this study concludes that the current energy transition in Asia-Pacific region is not perfect. These results are robust to the usage of the FGLS estimation technique. The study suggests the adoption of a new energy transition that allows greater displacement of fossil fuel energy as well as gradual reduction in overall energy use.
英文关键词	Fossil fuel energy; Renewable energy; Climate change; Energy transition; PMG-ARDL model; Asia-Pacific countries; L72; Q2; Q54; Q4, C23; N15
语种	英语
WOS研究方向	Environmental Sciences & Ecology
WOS类目	Environmental Sciences
WOS记录号	WOS:001183556300008
来源期刊	ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/299485
作者单位	Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Kharagpur
推荐引用方式 GB/T 7714	Rather, Kashif Nesar,Mahalik, Mantu Kumar,Mallick, Hrushikesh. Do renewable energy sources perfectly displace non-renewable energy sources? Evidence from Asia-Pacific economies[J],2024.
APA	Rather, Kashif Nesar,Mahalik, Mantu Kumar,&Mallick, Hrushikesh.(2024).Do renewable energy sources perfectly displace non-renewable energy sources? Evidence from Asia-Pacific economies.ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH.
MLA	Rather, Kashif Nesar,et al."Do renewable energy sources perfectly displace non-renewable energy sources? Evidence from Asia-Pacific economies".ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2024).