The energy transition and export diversification in oil-dependent countries: The role of structural factors

Karanfil, Fatih; Omgba, Luc Désiré

doi:10.1016/j.ecolecon.2022.107681

Cited by 9 publications

(2 citation statements)

References 37 publications

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“…Export diversification aids countries in diminishing their reliance on fossil fuel exports, thereby fostering greater economic resilience against external shocks. Simultaneously, clean energy transition can open new export avenues for countries in renewable energy, energy efficiency technologies, and related sectors [74,75]. Governments can significantly facilitate both export diversification and clean energy transition by investing in education and skills training, promoting research and development, offering financial incentives to encourage exports, reducing trade barriers [74], investing in renewable energy infrastructure, and setting ambitious targets for the deployment of renewable energy and improvements in energy efficiency.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Sarabdeen,

Elhaj,

Alofaysan

2024

Energies

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Amid global imperatives to combat climate change and achieve sustainable economic development, the convergence of digital transformation and the transition to clean energy has emerged as a critical focal point for oil-exporting nations. This study comprehensively investigates the interplay of digital technology, clean energy transition, climate change, and economic growth among selected oil-exporting nations. Drawing upon a diverse set of economic and geographical contexts, this study uses panel data analysis of data from the World Bank’s Economic Indicators and the United Nations Development Program for the period from 2006 to 2020. The results show that digital technology reduces climate change by improving environmental quality, but internet and mobile access have insignificant and negative effects on environmental quality, respectively. Meanwhile, all technology variables negatively impact green energy and economic growth, while the Happy Planet Index and financial development positively impact the green energy transition. This study is important for regulators, producers, and consumers, as it provides a better understanding of the crucial role of digital transformation in sustainable development within oil-export countries. This study’s findings can be used to develop policy recommendations for a low-carbon economy, the promotion of digital transformation through green energy, and the management of climate change.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Sarabdeen,

Elhaj,

Alofaysan

2024

Energies

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“…As Azerbaijan heavily relies on non-renewable energy sources, such as oil and gas, this study aims to contribute to the sustainable economic development of the country by proposing feasible strategies for shifting towards renewable energy sources. Considering the growing interest in research on energy transition in fossil-fuel-exporting countries [3][4][5][6] and addressing the gap in the existing literature regarding transition task models in Azerbaijan's context, this research seeks to offer valuable insights and recommendations. This study's results can support policymakers, industries, and other stakeholders in making well-informed decisions to promote renewable energy adoption while considering the unique challenges posed by the country's dual role as an energy producer and consumer in the global market.…”

Section: Introductionmentioning

confidence: 99%

Renewable Energy Transition Task Solution for the Oil Countries Using Scenario-Driven Fuzzy Multiple-Criteria Decision-Making Models: The Case of Azerbaijan

Nuriyev,

Mammadov

2023

Energies

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The renewable energy transition of oil- and gas-producing countries has specific peculiarities due to the ambivalent position of these countries in the global energy market, both as producers and consumers of energy resources. This task becomes even more challenging when the share of oil and gas in the country’s GDP is very high. These circumstances pose serious challenges for long-term energy policy development and require compromising decisions to better align the existing and newly created energy policies of the country. The scale, scope, and pace of changes in the transition process must be well balanced, considering the increasing pressure of economic and environmental factors. The objective of this paper is to develop models that allow the selection of the most appropriate scenario for renewable energy transition in an oil- and gas-producing country. The distinguishing feature of the proposed model is that alternatives in the decision matrix are presented as scenarios, composed of a set of energy resources and the level of their use. Linguistic descriptions of the alternative scenarios are formalized in the form of fuzzy statements. For the problem solution, four different Multiple-Criteria Decision-Making (MCDM) methods were used: the fuzzy simple additive weighting (F-SAW) method, the distance-based fuzzy TOPSIS method (Technique of Order Preference Similarity to the Ideal Solution), the ratio-analysis-based fuzzy MOORA method (Multi-Objective Optimization Model Based on the Ratio Analysis), and the fuzzy multi-criteria optimization and compromise solution method VIKOR (Serbian: VIekriterijumsko Kompromisno Rangiranje). This approach is illustrated using the example of the energy sector of Azerbaijan. The recommended solution for the country involves increasing natural gas (NG) moderately, maintaining hydro, and increasing solar notably and wind moderately.

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Inflation in Different Economies: A Brief Analysis

López,

Massa-Sánchez,

Arevalo

et al. 2024

Lecture Notes in Networks and Systems

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The energy transition and export diversification in oil-dependent countries: The role of structural factors

Cited by 9 publications

References 37 publications

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach

Renewable Energy Transition Task Solution for the Oil Countries Using Scenario-Driven Fuzzy Multiple-Criteria Decision-Making Models: The Case of Azerbaijan

Inflation in Different Economies: A Brief Analysis

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