Abstract
There is significant regional heterogeneity in terms of relative positioning in relation to the issue of sustainability and, in particular, in relation to the implementation of renewable energy. For this reason, the aim of this work is to analyze whether these differences in attributes for each region are likely to condition the expansion of renewable energy production. In this paper, we focus on wind energy. Therefore, the evolution of the installed capacity of wind energy is studied for a set of Spanish regions over the period between 2004 and 2017. The results obtained confirm that, in effect, there are factors linked to investment and environmental knowledge capable of conditioning the deployment of wind energy at the regional level.
Highlights
The importance of achieving sustainable economic development and growth is a widely recognized issue today
The Lisbon 2020 Strategy included among its objectives a reduction in greenhouse gases (GHG) emissions by 20% compared to 1990 levels, an increase in the importance of renewable energy in the energy mix to reach the figure of 20%, and an improvement, by 20%, in energy efficiency
The first step prior to the estimate is to decide between the application of a fixed effects or random effects model, which depends on the correlation between the individual effects and the explanatory variables
Summary
The importance of achieving sustainable economic development and growth is a widely recognized issue today. In the European framework, objectives related to climate change and sustainability have long been part of European Union (EU) political priorities [1], with the specific purpose of achieving the total decarbonization of the European economy by 2050. The European policy framework for climate and energy in the period from 2020 to 2030 set a target of 32% for energy generated in the EU from renewable sources [2]. The above framework emphasizes the relevance of applying public policy strategies and instruments that support investment in renewable energy generation capacity [3,4,5,6,7]. Identifying the set of technical, market, economic and political drivers that characterize the deployment of renewable energy is both an academic and a policy relevant objective [8,9]
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