Waste management, quality of life and natural resources utilization matter for renewable electricity generation: The main and moderate role of environmental policy

Abstract

Since the last three decades, the world has been facing three consecutive challenges global warming, fuel import dependency, and rising electricity demand, and policymakers have tried their best to meet the standards of the green energy system. However, green electricity generation (REG) for daily use has received an exceptional focus from policy analysts in the development agenda. Similarly, electricity generation from waste management has shocked the world, and most economies are following the same pattern. Therefore, the current study tries to introduce the leading factors of REG: waste management, quality of life, environmental policy (EP), natural resources utilization, and population growth. The current study employs a series of estimation techniques to investigate the desired study's objectives in 15 waste-recycled economies from 2000 to 2020. Investigated outcomes show the significant contribution to REG by population, waste management, and environmental policy. In contrast, the quality of life and natural resource utilization (NRU) do not significantly contribute to renewable electricity generation. Furthermore, the moderate role of EP on waste management, quality of life, and NRU significantly promotes renewable electricity development. On behalf of outcomes, the environmental policy is being suggested as the best policy for electricity generation.