In sustainable development, energy is critical in human activities and shapes a sustainable future. Thus, it is an unignorable element in human development. This paper analyzes the contributions of renewable energy sources (RES)’s to the economic, environmental, and social dimensions of sustainable development. Moreover, we add energy security as a possible fourth dimension into the analysis. For the sample size, we limit the countries members of the OECD and run generalized methods of moments for the period from 1995 to 2015. This method can produce efficient estimators under the problems of endogeneity, omitted-variable bias, measurement errors, and heteroscedastic residuals. According to the results, RES has a small reducing effect (?.007%) on output in the Cobb-Douglas production function for the economic dimension. We found that RES has a positive contribution to the environmental dimension and abates the level of carbon emission (?.093%). RES also confirms the inverted-U shape of environmental Kuznets curve. In the social dimension, RES improves human development and a 1% increase in RES consumption causes to .0045% increase in human development. In the last contribution, RES has a positive effect on sustainable energy supply security in the context of electricity generation (.032%). Although the effects of RES on the environment, social, and energy security are significant, they are limited. These limitations point to barriers that can be overcome over time. Our conclusions recommend that these effects might flourish with technical developments and political support in the long run. Furthermore, public awareness, rising income level, and economies of scale are also beneficial in this process. As a result, RES might be an excellent source for a sustainable future and development. Especially, RES might have remarkable contributions to the 7th, 11th, 12th, and 13th goals of sustainable development.
相似文献This study investigates the relationship between environmental pollution and economic growth in the context of renewable energy in OECD countries using the panel smooth transition regression (PSTR) model for 1995–2018. The study finds the value of the threshold variable, calculated as the share of renewable energy use in total energy consumption, to be 7.825%. In this context, economic growth affects the environment negatively and increases environmental pollution when the share of renewable energy use in energy consumption is below the threshold. When this share is above the threshold, it reduces environmental pollution by affecting the environment positively. In addition, the findings reveal a non-linear inverted U-shaped relationship between the environment and economic growth in the context of renewable energy, and the Environmental Kuznets Curve (EKC) hypothesis is valid. Therefore, the widespread use of renewable energy is a solution to reducing environmental pollution. Accordingly, it is very important for policymakers to both highlight and encourage renewable energy use. Furthermore, countries need to both invest in this area and focus on R&D to increase renewable energy production.
相似文献As the adoption of renewable energy (RE) is a complex and intricate procedure affected by a wide range of factors, it prompts traction among researchers to examine these influence factors. The aim of this study is to scrutinize the factors affecting consumers’ intention to adopt RE for household use in Pakistan. The current research has contributed through expanding the structural framework of the theory of planned behavior by incorporating three novel factors (perception of self-effectiveness, perception of neighbor’s participation, and belief about RE benefits) to have a deep insight into the factors that motivate or inhibit consumers to adopt RE. Outcomes are based on the primary data compiled from 353 households in the five main cities of Pakistan accompanying an inclusive survey. The state-of-the-art structural equation modeling was utilized to test and analyze the proposed hypotheses. The results signify that the influencing factors such as perception of self-effectiveness, awareness of RE, and perception of neighbor’s participation impart a positive effect on consumers’ intention to adopt RE, whereas cost of RE generation has an opposite effect. Interestingly, environmental concern and belief about RE benefits found to have neutral effects. Research results emphasize the need to enhance public awareness, reform policy structure, transform social norms, and highlight the benefits that RE provides, all through an integrative and coherent way.
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