Implications of clean energy, oil and emissions pricing for the GCC energy sector stock

Alkathery, Mohammed; Chaudhuri, Kausik; Nasir, Muhammad

doi:10.1016/j.eneco.2022.106119

Cited by 30 publications

(8 citation statements)

References 50 publications

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“…This outcome is accordant with the earlier studies (Alkathery et al, 2023; Menon et al, 2020; Schelly & Letzelter, 2020) that found environmental concerns as a critical driver of solar energy adoption. Parsad et al (2020) found that environmental motivation most significantly influenced the decision to invest in renewables in India, followed by financial and energy motivation.…”

Section: Resultssupporting

confidence: 88%

Sustainable energy development through non‐residential rooftop solar photovoltaic adoption: Empirical evidence from India

Kumar

Gupta

Dagar

2023

Sustainable Development

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Environmental deterioration and climate change are the key issues nowadays that hinder sustainable development, and the consumption of fossil fuel‐based energy sources significantly contributes to the issues. To achieve Sustainable Development Goal‐7 concerning sustainable and clean energy development, deploying non‐conventional energy sources is crucial. Solar energy is considered a significantly clean and sustainable energy source among renewable energy sources. Therefore, the present study attempted to investigate the key factors affecting the adoption of non‐residential Rooftop Solar Photovoltaic (RSPV) systems in Chandigarh, India. The researchers used a descriptive research design to examine the current phenomena. The current study is premised on the perceptions of the users of the non‐residential RSPV system. The data was acquired through a self‐administered survey questionnaire. A complete response from 207 participants was used for analysis purposes. The researchers have used the Partial Least Square‐Structural Equation Modeling strategy to estimate measurement and structural models. The study found that nodal agencies and environmental organizations are crucial in disseminating information and motivations concerning RSPV adoption. The study revealed that the environmental concerns of the users, compatibility, environmental benefits, the immediacy of reward, and trialability were found to be significant drivers of the diffusion and adoption of non‐residential RSPV systems. The study concluded that a paucity of financial incentives and high upfront expenses had been significant blockades to the diffusion and adoption of non‐residential RSPV.

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Section: Resultssupporting

confidence: 88%

Sustainable energy development through non‐residential rooftop solar photovoltaic adoption: Empirical evidence from India

Kumar

Gupta

Dagar

2023

Sustainable Development

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“…A 10% augmentation in fiscal policy measures, encompassing tax breaks and subsidies specifically targeted towards RE projects, is associated with a proportional increase of 0.1096 × 10% = 1.096% in the utilization of RE sources. Based on the existing body of research, it can be argued that fiscal policies that demonstrate support for investments in RE have the potential to create a conducive environment [19,21,49,79,80]. These policies have the potential to foster increased private sector involvement and facilitate the adoption of RE sources by alleviating the financial burdens and risks associated with transitioning to clean energy.…”

Section: Estimation and Interpretationmentioning

confidence: 99%

Nexus between Green Investment, Fiscal Policy, Environmental Tax, Energy Price, Natural Resources, and Clean Energy—A Step towards Sustainable Development by Fostering Clean Energy Inclusion

Yan,

Qamruzzaman,

Kor

2023

Sustainability

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Energy availability, especially derived from renewable sources, has sustainable effects on economic progress and environmental rectifications. However, using clean energy in the energy mix has been influenced by several macro fundamentals. The motivation of this study is to gauge the impact of uncertainties, environmental restrictions, and innovation on clean energy consumption for the period 1997–2021 by employing the new econometrical estimation techniques commonly known as CUP-FM and CUP-BC. Referring to the preliminary assessment with the slope of homogeneity, cross-sectional dependency, and the panel cointegration test, it is unveiled that research variables have exposed heterogeneity prosperities, cross-sectional dependence, and long-run association in the empirical equation. According to the empirical model output with CUP-FM and CUP-BC, EPU has a native statistically significant connection to clean energy consumption. At the same time, environmental tax and technological innovation have found beneficial effects on clean energy development. Additionally, the nonlinear estimation disclosed an asymmetric linkage between explanatory and explained variables in the long and short-run. Directional causality revealed a feedback hypothesis explaining the relationship between EPU, TI, and clean energy consumption. This study has offered policy suggestions based on the findings for future development.

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“…The GCC countries are endowed with abundant solar and wind resources, making them suitable for the development of clean energy projects. In recent years, there has been a growing interest in harnessing these renewable resources to diversify the energy mix and reduce dependency on fossil fuels [12][13][14][63][64][65].…”

Section: Literature Reviewmentioning

confidence: 99%

A Dynamic Interrelationships among Clean Energy, Environmental Pollution, and Economic Growth in GCC Economies: A Panel ARDL Approach

Hazmi,

Kort,

Khallouli

et al. 2024

International Journal of Energy Research

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The paper investigates the interplay between clean energy, environmental pollution reduction, and economic growth in the Gulf Cooperation Council (GCC) countries from 1980 to 2019, utilizing the autoregressive distributed lag (ARDL) method. The study underscores the global transition towards cleaner energy sources and its implications for the region. In assessing the determinants of economic growth, the findings reveal a positive and significant short- and long-term impact of energy production, with energy consumption exhibiting a positive and significant effect solely in the long term. The absence of a confirmed relationship in the short term is notable. Causality tests demonstrate a significant link from both energy consumption types to environmental pollution, alongside causal relationships from urbanization, energy production, and consumption to economic growth. Moreover, the results include the pivotal role of energy production in driving GDP growth, caution in short-term energy consumption effects, and significant causal links between energy consumption and environmental pollution. The recommendations to incentivize sustainable energy production, engage in long-term energy consumption planning, and adopt integrated urbanization policies provide actionable insights for policymakers. These suggestions are aimed at guiding the GCC countries in balancing the pursuit of economic growth with environmental sustainability—a delicate equilibrium that necessitates careful consideration of various factors.

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Implications of clean energy, oil and emissions pricing for the GCC energy sector stock

Cited by 30 publications

References 50 publications

Sustainable energy development through non‐residential rooftop solar photovoltaic adoption: Empirical evidence from India

Sustainable energy development through non‐residential rooftop solar photovoltaic adoption: Empirical evidence from India

Nexus between Green Investment, Fiscal Policy, Environmental Tax, Energy Price, Natural Resources, and Clean Energy—A Step towards Sustainable Development by Fostering Clean Energy Inclusion

A Dynamic Interrelationships among Clean Energy, Environmental Pollution, and Economic Growth in GCC Economies: A Panel ARDL Approach

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