The renewable energy consumption and growth in the G-7 countries: Evidence from historical decomposition method

Balcılar, Mehmet; Özdemir, Zeynel Abidin; Özdemir, Hüseyin; Shahbaz, Muhammad

doi:10.1016/j.renene.2018.03.066

Cited by 52 publications

(17 citation statements)

References 35 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Likewise, the authors of [51] strongly confirmed that the exploitation of clean energy positively affects the economic growth of new EU member economies. Moreover, the authors of [52,53] found strong evidence that renewable energy appears as a dynamic force for economic growth for the OECD and G-7 economies, respectively.…”

Section: Literature Reviewmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

View full text Add to dashboard Cite

This article extends the previous studies on environmental economics literature by examining a possible relationship between economic growth, green energy, and environmental quality. Specifically, this article investigated the three-way linkage between economic growth, renewable energy, and environmental quality in the case of Saudi Arabia using the simultaneous equation modeling approach over the period of 1990–2016. The following are the main findings obtained: (i) a unidirectional causal impact of economic growth on renewable energy consumption was found, confirming the conservation hypothesis; (ii) bidirectional relationships between economic growth and CO2 emissions and between CO2 emissions and renewable energy consumption were also found; (iii) the failure of renewable energy in Saudi Arabia to close the gap between growing the economy and protecting the environment in Saudi Arabia; (iv) the environmental Kuznets curve (EKC) hypothesis was supported. Policy implications are also discussed.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

View full text Add to dashboard Cite

show abstract

“…Combustion of fossil fuel generates several forms of ambient air pollutants, which have several negative consequences on the sustainability of overall development process of any nation, as well as, the carrying capacity of earth. Over the years, nations have identified these predicaments, and as a result, the pursuit for alternate energy sources has started (Balcilar et al 2018, Solarin et al 2018, Shahbaz and Sinha 2019. In this regard, the scientists and policymakers have discovered renewable or green energy to be a solution to combat not only environmental issues, but also the issues of energy security arising out of higher demand of energy.…”

Section: Introductionmentioning

confidence: 99%

The renewable energy consumption-environmental degradation nexus in Top-10 polluted countries: Fresh insights from quantile-on-quantile regression approach

Sharif

Mishra

Sinha³

et al. 2020

Renewable Energy

Self Cite

259

View full text Add to dashboard Cite

This empirical examination explored the link between renewable energy utilization and environmental degradation in top-10 polluted countries by using monthly data from 1990-2017. The Quantile-on-Quantile regression (QQ) proposed by Sim and Zhou (2015) and Granger causality in quantiles developed by Troster (2018) are applied. In particular, we examine in what manners, quantiles of renewable energy consumption affect the quantiles of environmental degradation. Our empirical findings unfold overall dependence between renewable energy consumption and ecological deterioration. The findings recommend the presence of a significant negative association between renewable energy consumption and environmental degradation in China, USA, Japan, Canada, Brazil, South Korea and Germany, predominantly in high and low tails but results are totally contrasting in the case of India, Russia and Indonesia. Furthermore, the outcomes of Granger-causality in quantiles conclude a bidirectional causal link between renewable energy consumption and environmental degradation. The empirical findings suggest that governments should need to subsidize green energy in declining ecological degradation.

show abstract

“…Therefore, the control of carbon emissions without reducing economic growth has been one of the world's greatest challenges [2]. Large scale utilization of renewable energy sources and enhancement of energy efficiency of current processes are regarded as two of the most promising approaches to addressing these challenges [3,4]. One of the key issues that restricts the large scale deployment of renewable energy technologies is associated with intermittency and fluctuation which leads to a mismatch between energy supply and demand [5].…”

Section: Introductionmentioning

confidence: 99%

A Form Stable Composite Phase Change Material for Thermal Energy Storage Applications over 700 °C

Zhu

Jiang

et al. 2019

Applied Sciences

View full text Add to dashboard Cite

Thermal energy storage (TES) is a highly effective approach for mitigating the intermittency and fluctuation of renewable energy sources and reducing industrial waste heat. We report here recent research on the use of composite phase change materials (PCM) for applications over 700 °C. For such a category of material, chemical incompatibility and low thermal conductivity are often among the main challenges. Our aims are to address these challenges through the formulation of form-stable composite PCMs and to understand their thermophysical properties. The eutectic K2CO3-Na2CO3 salt was used as a PCM with MgO as a form stabilizer. We found that such a formulation could maintain shape stability with up to 60 wt.% PCM. With a melting point of ~710.1 °C and an energy density as high as 431.2 J/g over a temperature range between 550 °C and 750 °C, the composite PCM was shown to be thermally stable up to 885 °C. An addition of 10 wt.% SiC enhanced the overall thermal conductivity from 1.94 W·m−1 K−1 to 2.28 W·m−1 K−1, giving an enhancement of 17.53%. Analyses of thermal cycling data also showed a high extent of chemical compatibility among the ingredients of the composite PCM.

show abstract

The renewable energy consumption and growth in the G-7 countries: Evidence from historical decomposition method

Cited by 52 publications

References 35 publications

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

The renewable energy consumption-environmental degradation nexus in Top-10 polluted countries: Fresh insights from quantile-on-quantile regression approach

A Form Stable Composite Phase Change Material for Thermal Energy Storage Applications over 700 °C

Contact Info

Product

Resources

About