publication . Other literature type . Article . Preprint . 2014

On the determinants of renewable energy consumption: International Evidence

Anis Omri; Duc Khuong Nguyen;
  • Published: 29 Aug 2014
  • Publisher: Elsevier BV
Abstract
Over recent years, renewable energy sources have emerged as an important component of world energy consumption. Little is however known about the determinants of renewable energy consumption. This article tackles this issue for a global panel consisting of 64 countries over the period 1990-2011 by using a dynamic system- GMM panel model. We also consider three homogeneous subpanels which are constructed based on the income level of sample countries (high-, middle-, and low-income subpanels). We mainly find that the increases in CO2 emissions and trade openness are the major drivers of renewable energy consumption. Oil price increases have a smaller but negative ...
Subjects
free text keywords: Renewable energy consumption, Dynamic panel data, system-GMM., General Energy, Pollution, Renewable energy credit, Natural resource economics, World energy consumption, Oil price, Openness to experience, Renewable energy consumption, International economics, Renewable energy, business.industry, business, Waste management, Economics
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