Relationship of renewable energy consumption to economic, environmental and institutional factors in Europe

Филимонова, И.В.; Nemov, Vasily; Комарова, А.В.; Мишенин, М В; Kozhevin, V.D.

doi:10.1016/j.egyr.2021.07.115

Cited by 28 publications

(7 citation statements)

References 13 publications

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“…So, the individuals or firms engaged in any of the economic activities utilizing renewable energy instead of fossil fuels are free to perform these economic activities and apply for self-made roles in the contracts. These results are also in line with the study of Filimonova et al (2021), which throws light on renewable energy's impacts on economic freedom. The study also claims that when firms apply renewable sources of energy and employ green marketing practices, they have the freedom to trade in goods and services both at the national and international levels.…”

Section: Discussionsupporting

confidence: 87%

Green Investment, Energy Efficiency, and Economic Growth: Does Economic Freedom Matter? Evidence From Brics Countries

2024

Technological and Economic Development of Economy

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Sustainable development goals, particularly number 7, clearly urges economies over the globe to multiple their efforts in order to improve efficiency. Although witnesses stressed out the importance of energy efficiency and claimed that when it is improved drastically, it triggers economic growth, however, the reported evidences to support the claim are mixed. In BRICS scenario, economies are experiencing the change from high-speed growth to high quality growth, due to which it is equally important to look into green investment as it is an essential tool to build high quality economic growth. Although green investment targets energy conservation as well as ecological deficit as it main goal. However, limited literature claims that it affects economic growth as well. Thus, the present study aims to assess green investment, energy efficiency, and economic growth (EG) and their impact on economic freedom index of the BRICS countries. Methods of Moments-Quantile-Regression (MMQR) approach is applied to explore the association between the understudy constructs in the time span of 2001–2020. Interestingly, it is revealed that green investment, energy efficiency and renewable energy are positively related with economic freedom index of the BRICS countries. With the evidences, the study proposes a conclusive remark to spur development across the countries.

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Section: Discussionsupporting

confidence: 87%

Green Investment, Energy Efficiency, and Economic Growth: Does Economic Freedom Matter? Evidence From Brics Countries

2024

Technological and Economic Development of Economy

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“…They further argued that non-renewable and renewable energy sources lessen environmental degradation in the case of BRICS, global, developed and developing economies. Filimonova et al (2021) analysed the impact assessment of economic, environmental and institutional factors on the future consumption of renewable energy sources. Their findings confirmed that CO 2 emissions have an adverse effect on renewable energy sources.…”

Section: Energy Use Energy Policies and Environmental Degradationmentioning

confidence: 99%

Energy policy simulation in times of crisis: Revisiting the impact of renewable and non-renewable energy production on environmental quality in Germany

et al. 2023

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“…There is no doubt that building a low-emission and resource-efficient economy whose priority is environmental protection in the face of the depletion of conventional energy sources is desirable [33][34][35][36][37][38]. Researchers indicate that the production of renewable energy helps reduce a country's energy dependence [39][40][41].…”

Section: Reasons For Increasing the Use Of Renewable Energy Sourcesmentioning

confidence: 99%

Reviewing the Situation and Prospects for Developing Small Renewable Energy Systems in Poland

Witkowska-Dąbrowska,

Świdyńska,

Napiórkowska-Baryła

2023

Energies

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The objective of this study was to evaluate changes in the number of small renewable energy sources (RES) power plants and the volume of generated energy in the years 2016–2020, with an outlook to year 2025. The study covered the area of Poland, including the division into provinces and different sources of renewable energy. Absolute values of electric power production and sale were presented, in addition to calculated structure indices. Moreover, the number and structure of small power plants using different renewable energy sources was determined for every Polish province. A classification of the provinces was made, where four classes were distinguished depending on the number of RES plants operating in the provinces. The research results allowed us to diagnose the current situation and make a prognosis for the future, which may translate into support for the development of particular types of installations, depending on the natural and economic characteristics of each area. The added value of the study stems from the fact that previous reports focused mainly on micro or large power plants and the time span covered data before and during the pandemic. This made it possible to assess the impact of the pandemic on the development of small renewable energy sources.

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Relationship of renewable energy consumption to economic, environmental and institutional factors in Europe

Cited by 28 publications

References 13 publications

Green Investment, Energy Efficiency, and Economic Growth: Does Economic Freedom Matter? Evidence From Brics Countries

Green Investment, Energy Efficiency, and Economic Growth: Does Economic Freedom Matter? Evidence From Brics Countries

Energy policy simulation in times of crisis: Revisiting the impact of renewable and non-renewable energy production on environmental quality in Germany

Reviewing the Situation and Prospects for Developing Small Renewable Energy Systems in Poland

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