Energy Consumption Growth Research Articles

Empirical Analysis of Energy Consumption and Economic Growth in Post-Soviet Eurasia: Do They Matter for Foreign Policy?

This study aims to evaluate the relationship between renewable and non-renewable energy consumption and economic growth in post-Soviet Eurasian countries by employing panel data from 15 countries from 1996 to 2018. The results reveal that the contribution of renewable energy consumption (REC) to economic growth is greater than non-renewable energy consumption. The overall findings imply that the transformation of energy consumption from non-renewable to renewable offers environmental advantages and growth opportunities. Furthermore, the transition to renewables may also expand the range of foreign relations policy options available for these countries, which, in turn, might contribute to a better alignment with evolving global regimes. Transition demands towards the long-term sustainability of global energy sources put pressure on countries to expand their domestic policy efforts and join international cooperation efforts. Therefore, post-Soviet Eurasian countries should develop strategic policy mechanisms and reforms designed to accelerate investments in renewable energy technologies.

Učinak kretanja tržišta dionica i bankarskog sektora na potrošnju energije u BRICS-u

Energy is an important resource in the economic development of countries. While it is used asan input in production, it also has an important usage area in consumption. For these reasons,the factors affecting energy use have been the subject of many studies. This study examines theimpact of financial development (FD) on energy consumption (EC) in BRICS countries (Brazil,Russia, India, China, and South Africa). In the study, EC, FD, economic growth, foreign direct investmentsand total trade (%GDP) variables for the period 1994–2017 were examined with thehelp of the PVAR (panel vector autoregressive) model. According to the findings, there is a unidirectionalrelationship from both EC and economic growth to the development of the bankingsector.

碳平衡背景下我国能源消费与经济增长关系的统计分析

碳平衡背景下我国能源消费与经济增长关系的统计分析

Energy Consumption and Economic Growth in Nigeria

Energy Consumption and Economic Growth in Nigeria

Dynamic relationship among carbon dioxide emissions, energy consumption and economic growth

The present research analyzes the short and long run relationship between Energy Consumption, Economic growth, and Carbon Dioxide emissions in Jordan. The study employs two (2) models: 1: Autoregressive Distributed Lag (ARDL) bound testing approach and 2: Vector Error Correction Model (VECM) Granger causality and impulse response function. The results reveal that energy consumption has a positive impact on carbon dioxide emissions and in turn carbon dioxide emissions have a positive link to economic growth. Further, the Environmental Kuznets Curve (EKC) hypothesis is tested, and it reveals that the EKC hypothesis is validated in the case of Jordan since the carbon dioxide emissions show a significant impact on economic growth in the short and long run. The study provides important results for future researchers and government policy makers.

Primary energy consumption and economic growth: the case of Greece

Primary energy consumption and economic growth: the case of Greece

Energy Consumption and Economic Growth Nexus in Africa Countries: A Simultaneous Equations Model Approach

By adopting the Cobb-Douglas production function, this study examined the relationship between energy consumption, GDP, capital stock, and labour in 22 African countries from 1990 to 2018. To achieve this goal, the simultaneous equations were analysed after utilizing the Generalized Method of Moments (GMM)/Dynamic panel data estimation approaches. To determine the most fitted model between the fixed and random model, the study employed the Hausman model and its approved the random model as the best fitted model. According to the empirical results, energy consumption has a strong positive influence on GDP. This suggests that as the economy expands, so will energy consumption. The coefficients of labour and capital are significant, though labour implies negative effects. Also, GDP has a firm positive influence on energy consumption. This suggests that as the economy expands, so will energy consumption. Capital has a positive coefficient. This means that the countries are capital-intensive. The Labour coefficient is negative and statistically significant, indicating that capital is more energy intensive than labour-intensive generates the majority of GDP. This also implies that capital replaced labour in those countries. Further, the Dumitrescu Hurlin Panel Causality Tests revealed a bidirectional relationship between GDP and energy consumption. Thus, there is a bidirectional relationship between energy consumption and GDP across the entire continent. Energy policy formulations are likely to be the best long-term economic growth strategy in African countries.

Effect of Renewable Energy Consumption on Economic Growth in Kenya

Despite Kenya having a massive generating capacity of renewable energy, its consumption levels remain significantly low. The low supply levels have driven the costs of production upwards leading to high energy prices thereby slowing economic activity occasioned by inadequate investments in the energy sector. However, there are conflicting results on the existing link between economic growth and renewable energy consumption in the developing world. This study purposed to establish the effect of renewable energy consumption on economic growth in Kenya. This study was anchored on the Neo-Classical Solow-Swan growth model. This study adopted the correlational research design and used time series data for the period 1980-2017 to determine the nature of the existing linkages. Capital and labour were incorporated as control variables. The granger causality results established the existence of a bidirectional and feedback relationship existing between renewable energy consumption and economic growth in Kenya. Vector Error Correction Model results showed that a unit increase in total renewable energy consumption led to a gross domestic product rise by 13,340 million dollars in the second year. Therefore, both the granger causality and Vector Error Correction Model (VECM) tests advocate for investment in the consumption of renewable energy if desired levels of economic growth are to be attained. Therefore, investment in modern energy generation and supply technologies and demonopolisation of the generation and supply of renewable energies to encourage private investments are recommended as the necessary measures to increase the level of renewable energy consumption, which in turn accelerates the rate of economic growth. Interventions such as tax exemptions on renewable energy equipment may encourage more uptake and consumption of renewable energies. This study may assist the government in the formulation of sustainable energy policies. This study may assist the government in the formulation of sound and sustainable energy policies for industrial and economic growth.

Revisited the nexus between renewable energy consumption and economic growth: a smooth transition regression approach

Revisited the nexus between renewable energy consumption and economic growth: a smooth transition regression approach

Ризики енергетичній безпеці. Візуалізація наукових досліджень

The aim of the article is to identify trends and key areas of research on energy security risks by conducting a structural-trend and bibliometric analysis of scientific publications. Analytical tools of scientometric databases Scopus, Web of Science, Google Trends and VOSviewer version 1.6.20 were used to conduct the study. The conducted trend analysis, using the Google Trends tools, showed a certain divergence of trends in scientific and user interest in energy security issues. In order to identify trends in the study of energy security risks using the analysis tools provided by the Scopus and Web of Science databases, the dynamics of the number of indexed publications on the subject under study, country affiliation, sectoral structure of publications were analyzed, the contribution of individual researchers in the field of energy security risks by the number of citations was allocated. The most cited articles on energy security risks, indexed in the Scopus and Web of Science databases, are devoted to: solving the problems of climate change, environmental pollution and energy instability; energy infrastructure; linking energy research with the social sciences; geography of energy transition; production of ethanol from biomass; development of hydrogen energy; identifying the causal relationship between CO2 emissions, nuclear energy consumption, renewable energy consumption and economic growth. The results of the study made it possible to identify the main scientific clusters in the field of energy security risks. Visualization of the network map of keywords made it possible to identify 8 clusters that characterize the key areas of research in the field of energy security risks: security, risk, energy, human health, climate change, renewable energy, environment. The results of the analysis contribute to the identification of new areas of research in the field of energy security risks.

Exploring the Nexus of Energy Consumption, Trade Openness, CO2 Emissions, and Economic Growth: A Time Series Analysis in Kuwait

Exploring the Nexus of Energy Consumption, Trade Openness, CO2 Emissions, and Economic Growth: A Time Series Analysis in Kuwait

Retraction: Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies.

Retraction: Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies.

Economic growth, energy consumption, and trade openness nexus: Evidence from net energy importing middle-income countries

The study explores both the long- and short-run liaisons between three conceptual dimensions: economic growth, energy consumption, and trade openness in 29 net energy importing middle-income economies using annual data from 1990 to 2019. We hereby assess ARDL models which examine the long-run links by integrations in between these three conceptual variables, and additionally Dumitrescu-Hurlin and Granger causality tests for panel and individual country models, respectively. For panel country samples, we reveal bidirectional causality connection between trade openness and economic growth along with unidirectional causalities from economic growth to energy consumption and from energy consumption to trade openness in the short-run. Bidirectional positive feedback relationships stand between economic growth - energy consumption and trade openness - energy consumption in the full sample and the upper middle-middle economies subsample in the long-run. Findings for individual country estimations reveal significant long-run relationships between energy consumption and economic growth in 12, energy consumption and trade openness in 6, and economic growth and trade openness in 9 of the middle-income economies examined.

Revisited the nexus between renewable energy consumption and economic growth: A smooth transition regression approach

Revisited the nexus between renewable energy consumption and economic growth: A smooth transition regression approach

Investigating the role of energy consumption, ecological innovations, institutional quality and economic growth on ecological sustainability: a study from UAE

In the contemporary world, the issue of a sustainable environment is under significant attention by researchers and policymakers. However, the role of energy sources, both in terms of renewable and non-renewable, cannot be ignored in determining environmental pollution and related issues. This study aims to examine the trends in environmental sustainability as measured through carbon dioxide emissions while considering the role of renewable energy, non-renewable energy, ecological innovation, institutional quality, and economic growth in the United Arab Emirates (UAE). The time period of the study consists of 1995-2020 with yearly observations. For the purpose of literature discussion, both theoretical and empirical studies have been covered through critical analysis.Furthermore, this study considers novel approaches entitled auto-regressive distributed lag (ARDL) in order to estimate the relationships between the variables. The initial results confirm the presence of stationarity properties and the cointegrated association between the variables of interest. On the other side, the long-run results through ARDL show that renewable energy, ecological innovations, institutional quality, and square of economic growth are playing their significant and productive role in reducing carbon emissions. On the other side, non-renewable energy sources and economic growth are causing more carbon emissions, hence confirming the presence of the Environmental Kuznets Curve (EKC). Based on such findings, several policy suggestions have been provided along with limitations and future directions

Empirical analysis of renewable and non-renewable energy resources consumption impact on economic development in Uzbekistan

In this paper the association among renewable, non-renewable energy consumption and GDP growth is analyzed by using the secondary date of The World Bank and International Energy Agency for the period 1990-2021 of Uzbekistan. The paper employs the Autoregressive Distributed Lags (ARDL) model to estimate the long-run and short-run dynamic multipliers of energy consumption variables. Empirical results show that hydropower energy consumption (renewable energy) has a positive effect on GDP growth in the long term. Also, consumption of non-renewable energy resources (coal, natural gas, oil) has a positive effect on GDP growth in the short and long term. In addition, the increase in the consumption of non-renewable energy resources has a positive effect on CO2 emissions, which in turn means that the government should take measures to increase the share of renewable energy resources.

Factors of Energy Transition of Manufacturing Companies Regarding their Inclusion in Global Value Chains

Environmental problems, the results of structural changes in the world economy and technological progress set forth the task of finding factors that stimulate the transition from the continuous growth of energy consumption to decarbonization and energy transition. The aim of the article is to empirically analyze the factors of companies' energy transition policies in different countries of the world, considering the functioning of global value chains (GVCs). The database is sourced from a survey of representatives of more than 15,000 manufacturing companies conducted by the World Bank Group in 2018-20 in 40 countries. The novelty of the analytical research framework proposed in the paper lies in the integrated presentation of factors which are external and internal to firms that influence decisions on energy transition policies and strategies. Descriptive statistics and econometric modeling revealed the presence of energy efficiency and energy transition policy elements in more than 2/3 of the sampled companies with a focus on energy efficiency, reflecting a desire to reduce related costs. Firms' use of fossil fuels is a driver of energy transition. Two alternative energy transition strategies of firms are found: the first emphasizes energy efficiency plans and actions, while the second involves a shift to carbon neutrality. High country income levels deter firms from energy efficiency decisions but incentivize the implementation of carbon emission reduction strategies. The level of environmental efficiency of countries has a positive impact on the "immersion" of their companies in the energy transition agenda. Companies' participation in the GVCs is generally positively associated with the presence of energy efficiency and energy transition policy elements. Government tax regulation and consumer demand are important factors in companies' commitment to energy efficiency and energy transition policies. Signs of the diffusion of incentives to implement energy transition policies along production chains are also identified. The results can be used in the development of industrial policy.

Leveraging Waste-to-Energy Technologies for Sustainable Development: A Comprehensive Review

The challenging situations of growing energy consumption, waste collection and destruction of the surroundings had been made greater apparent by means of the explosive rise of the global population and commercial interest. Modern techniques based on the 5R principle (Recycle, Reduce, Reuse, Recover, and Repaired) are critical to efficaciously addressing these problems. One promising way to turn non-recyclable waste into beneficial power assets is waste-to-power (WtE) the conversion method. This work presents a comprehensive evaluation of various WtE technologies, consisting of pyrolysis, gasoline production, anaerobic digestion, and combustion, highlighting their ability to reduce waste associated troubles. Furthermore, as supplementary techniques for sustainable waste control methods, it seems at the combination of progressed waste control (IWM), higher landfill mining, and sustainable substances control (SSM). The impact on the environment of waste-to-power changes are evaluated through a radical evaluation of current research and technology advancements, emphasizing decreases in landfill utilization, GHG emissions, and the promoting of renewable energy resources. The consequences highlight the essential role that WtE generation performs in accomplishing power efficiency improvements, cleaner production, and the development of the round financial structure. Ultimately, the article makes suggestions for future studies initiatives and coverage recommendations intended to optimize the economic and environmental gains from WtE deployments.

한국의 에너지 소비와 경제성장의 탈동조화에 대한 분석

Purpose - This study analyzed the decoupling phenomenon between energy consumption and economic growth in Korea from 1990 to 2021. The main purpose of this study is to suggest policy implications for achieving a low-carbon society and decoupling that Korea must move forward in the face of the climate change crisis.
 Design/methodology/approach - This study investigated the relationship between energy consumption and economic growth by energy source and sector using the energy-EKC (EEKC) hypothesis which included the energy consumption on the traditional Environmental Kuznets Curve (EKC), and the impulse response function (IRF) model based on Bayesian vector auto-regression (BVAR).
 Findings - During the analysis period, the trend of decoupling of energy consumption and economic growth in Korea is confirmed starting from 1996. However, the decoupling tendency appeared differently depending on the differences in energy consumption by sources and fields. The results of the IRF model using data on energy consumption by source showed that the impact of GDP and renewable energy consumption resulted in an increase in energy consumption of bio and waste, but a decrease in energy consumption by sources, and the impact of trade dependence was found to increase the consumption of petroleum products.
 Research implications or Originality - According to the main results, efficient distribution by existing energy source is required through expansion of development of not only renewable energy but also alternative energy. Additionally, in order to increase the effectiveness of existing energy policies to achieve carbon neutrality, more detailed strategies by source and sector of energy consumption are needed.

The Role of Energy Consumption and Economic Growth in Environmental Degradation in Asian Countries

The Role of Energy Consumption and Economic Growth in Environmental Degradation in Asian Countries