Does economic policy uncertainty affect renewable energy consumption?

Shafiullah, Muhammad; Miah, Mohammad Dulal; Alam, Samsul; Atif, Muhammad

doi:10.1016/j.renene.2021.07.092

Cited by 94 publications

(33 citation statements)

References 91 publications

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“…This finding is also supported by Shafiullah et al ( 2021 ), who noted that economic policy uncertainty significantly hurt the enterprises’ decision-making and thus reduces the renewable energy consumption. Economic policy uncertainty decreases firms short-term and long-term firm investment behavior by decreasing the clean energy consumption.…”

Section: Empirical Results and Discussionsupporting

confidence: 70%

Re-evaluating the asymmetric economic policy uncertainty, conventional energy, and renewable energy consumption nexus for BRICS

Zeng

Yue

2021

Environ Sci Pollut Res

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Section: Empirical Results and Discussionsupporting

confidence: 70%

Re-evaluating the asymmetric economic policy uncertainty, conventional energy, and renewable energy consumption nexus for BRICS

Zeng

Yue

2021

Environ Sci Pollut Res

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“…However, [48] based on the World Uncertainty Index (WUI) and using an ARDL approach, find that there is a positive correlation between the WUI and CO 2 emissions in the long run. On the other hand, [49] implemented non-linear econometric approaches and found a negative correlation between WUI and RES. As they mention, "the nonparametric LLLS regression estimates exhibit a negative long-run association between renewable energy consumption and policy uncertainty i.e., higher uncertainty regarding economic policy lowers renewable energy consumptions and vice-versa".…”

Section: Literature Reviewmentioning

confidence: 99%

Geopolitical Risk as a Determinant of Renewable Energy Investments

2022

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The advent of various initiatives around the globe in shaping an energy transition towards a “greener” energy production future sparked a research interest towards the determinants that will shape their success. In this paper, we depart from the relevant literature evaluating the potential effect of geopolitical tensions on renewable energy investments, building on an explicit quantitative approach that provides clear empirical evidence. In doing so, we compile a large panel of 171 economies and measure the effect of geopolitical risk on “green” investing as measured by popular geopolitical risk indices, while controlling for all major variables proposed by literature. Our flexible Autoregressive Distributed Lag model with heterogenous effects across economies suggests that geopolitical risk has a significantly measurable effect on green investments both in the short and the long run. In fact, our results suggest that proper model specification is robust across alternate risk assessments. Overall, our study has direct policy implications suggesting that renewable energy could be an important part of our energy mix only if we take into account its linkages with geopolitical tensions.

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“…Third, our research contributes to the field not only by providing new evidence on the nexus between banks' environmental and financial performance but also by advancing the debate as to what could be the suitable form of “carrot and stick” policy for a cleaner GCC region. Fourth, the timeliness of the research is crucial given the backdrop of the contemporary debate concerning climate change as well as the uncertainty about policy instability (Shafiullah et al, 2021). The recent Climate Change Conference (COP26) sets new global carbon reduction targets.…”

Section: Introductionmentioning

confidence: 99%

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

2022

Self Cite

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The paper examines the impact of banks environmental performance on their financial and market performance. We collect data from 56 gulf cooperative council (GCC) banks for the period 2010–2019. We apply ordinary least square (OLS), fixed effect, and generalized method of moments (GMM) estimation techniques and show that GCC banks' environmental performance negatively affects their accounting performance. The results, however, exhibit no significant impact of banks' environmental performance on market performance. Moreover, conventional banks have better environmental performance than their Islamic counterparts. Our results are consistent across different estimation techniques after controlling for endogeneity issues. The findings of the study are novel and offer important policy implications for management, regulatory authority, and environmental activists.

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Does economic policy uncertainty affect renewable energy consumption?

Cited by 94 publications

References 91 publications

Re-evaluating the asymmetric economic policy uncertainty, conventional energy, and renewable energy consumption nexus for BRICS

Re-evaluating the asymmetric economic policy uncertainty, conventional energy, and renewable energy consumption nexus for BRICS

Geopolitical Risk as a Determinant of Renewable Energy Investments

The nexus between environmental and financial performance: Evidence from gulf cooperative council banks

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