Do renewable energy production spillovers matter in the EU?

Shahnazi, Rouhollah; Shabani, Zahra

doi:10.1016/j.renene.2019.12.123

Cited by 46 publications

(12 citation statements)

References 69 publications

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“…Renewable energy production also expands spatially to neighboring countries. This is due to the spread of knowledge and the similar potential of renewable energy [48].…”

Section: Renewable Energy Sources In Literature and Eu Directivesmentioning

confidence: 99%

Changes in Electricity Production from Renewable Energy Sources in the European Union Countries in 2005–2019

Matuszewska‐Janica

Żebrowska‐Suchodolska

Ala-Karvia

et al. 2021

Energies

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The policy related to the use of renewable sources is a key element of the energy policy executed in the European Union (EU). One of the targets set for 2050 is to increase the share of electricity in energy consumption to 50%, and 80% of electricity is to be generated from low-carbon sources. In recent years, the EU economies have significantly modified their electricity production, which raises the question of the scale of these changes. The aim of the presented analysis is to assess changes in the use of renewable sources for electricity production in the EU countries in 2005–2019. Gini coefficient and k-mean are applied in the analysis. The conducted research shows that EU countries, in line with the energy policy assumptions, have both increased the share of renewable sources in energy production, especially in electricity production, as well as increased the diversity of used renewable sources. The results also indicate a vast diversity in terms of the use of such sources for the production of renewable electricity in the EU. This indicates that the energy transition is being implemented by EU countries with individual country-level approaches. Nonetheless, a variety of the EU’s both support and restrictive measures are of considerable importance for the ongoing energy transition.

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“…Renewable energy production also expands spatially to neighboring countries. This is due to the spread of knowledge and the similar potential of renewable energy [48].…”

Section: Renewable Energy Sources In Literature and Eu Directivesmentioning

confidence: 99%

Changes in Electricity Production from Renewable Energy Sources in the European Union Countries in 2005–2019

Matuszewska‐Janica

Żebrowska‐Suchodolska

Ala-Karvia

et al. 2021

Energies

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“…The pressing issue of finite resources and climate change has also generated a prominent body of literature. Many studies deal with sustainable or renewable energy from a multidisciplinary point of view [24,[26][27][28][29][30][31][32]. Another relevant strand of literature addresses energy policy matters [31][32][33][34][35], incorporating aspects related to innovation and development in the energy sector [36][37][38][39][40].…”

Section: Literature Reviewmentioning

confidence: 99%

Systemic Risk Spillovers in the European Energy Sector

et al. 2021

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In this article, we aim to study systemic risk spillovers for European energy companies and to determine the spillover network of the energy sector with other economic sectors. To examine the spillovers within the energy sector, we employ three systemic risk measures. We then embed the results of these models into a Diebold–Yilmaz framework. Moreover, we consider an entropy procedure to extract a Bayesian formulation of its systemic risk spillover. This allows us to determine which company in our sample contributes the most to systemic risk, which company is the most vulnerable to systemic risk, and the place of the energy sector within risk networks. Our results reveal the fact that all companies manifest enhanced spillovers during 2008, early 2009, and 2020. These episodes are associated with the dynamics of the global financial crisis and the pandemic crisis. We notice that specific companies are risk drivers in the sector in both times of market turbulence and calm. Lastly, we observe that several economic sectors such as banks, capital goods, consumer services, and diversified financials generate relevant spillovers towards the energy sector.

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“…This is called the renewable energy potential similarity effect. Another impact of generating renewable energy in those developed economies will be the positive externality called as knowledge spillover effect (Shahnazi & Dehghan Shabani, 2020).…”

Section: Introductionmentioning

confidence: 99%

Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator

Rafique

Nadeem

Xia

et al. 2021

Environ Dev Sustain

126

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The current decade has witnessed the rise of empirical research in the domain of ecological footprint which has become a major scholarly area among environmental researchers. However, many key factors determining ecological footprint have been inadequately dealt within the existing body of knowledge. The current research aims to explore the association between economic complexity, human capital, renewable energy generation, urbanization, economic growth, export quality, trade and ecological footprint for the top ten economic complex countries. This study applied panel data estimators, for instance, fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS) and the system-GMM long-run estimators from 1980 to 2017. The long-run estimates reveal that economic complexity, economic growth, export quality, trade and urbanization increase ecological footprint. Human capital and renewable energy generation help to mitigate ecological footprint. We conclude that investment in more renewable energy generation and its consumption and efficient use of human capital will improve economic complexity, export quality, and environment in developed and developing countries.

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Do renewable energy production spillovers matter in the EU?

Cited by 46 publications

References 69 publications

Changes in Electricity Production from Renewable Energy Sources in the European Union Countries in 2005–2019

Changes in Electricity Production from Renewable Energy Sources in the European Union Countries in 2005–2019

Systemic Risk Spillovers in the European Energy Sector

Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator

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