| Title | Convergence in renewable energy sources diffusion worldwide |
|---|---|
| ID_Doc | 64716 |
| Authors | Bigerna, S; Bollino, CA; Polinori, P |
| Title | Convergence in renewable energy sources diffusion worldwide |
| Year | 2021 |
| Published | |
| Abstract | The diffusion of renewable energy sources (RES) is a fundamental objective of the worldwide policy actions for sustainable development, at the UN level with the sustainable development goals (SDG) recommendations, to ensure access to affordable, reliable, sustainable and modern energy for all (SDG 7). Also, primary attention to RES has been given at the EU level with the new Green Deal and the new objectives of the Next Generation EU after the Covid pandemic, and at the level of national Governments worldwide. So far, there has not been an analysis of the RES convergence process across countries worldwide, given that the issue of climate change is a global externality. Previous analyses have focused on specific regions, such as EU, OECD, provinces of China. This paper fills this gap, providing new evidence on the convergence process of RES for the 176 countries that account for more than 98% of the world population, from 1990 to 2018. A common panel data set has been used to take into account countries' specific effects. Several socio-economics and political variables are introduced to test conditional convergence such as openness to trade, developments in financial markets, income distribution, level of education. The results of this new contribution reveal that there is evidence of sigma-absolute and conditional beta-convergence process for several groups of countries. Moreover, the conditional convergence analysis shows that spatial spillover effects exert rich and complex impact on convergence speed. Finally, we provide policy recommendations, highlighting that the decarbonization target in 2050 needs additional mobilization of public and private resources to pursue a common, convergence path worldwide. |
Similar Articles
| ID | Score | Article |
|---|---|---|
75585
|
Bórawski, P; Wyszomierski, R; Beldycka-Bórawska, A; Mickiewicz, B; Kalinowska, B; Dunn, J; Rokicki, T Development of Renewable Energy Sources in the European Union in the Context of Sustainable Development Policy(2022)Energies, 15, 4 | |
| 64277
|
Simionescu, M; Strielkowski, W; Schneider, N; Smutka, L Convergence behaviours of energy series and GDP nexus hypothesis: A non-parametric Bayesian application(2022)Plos One, 17, 8 | |
| 64020
|
Simionescu, M Stochastic convergence in per capita energy use in the EU-15 countries. The role of economic growth(2022) | |
| 64964
|
Csalódi, R; Czvetkó, T; Sebestyén, V; Abonyi, J Sectoral Analysis of Energy Transition Paths and Greenhouse Gas Emissions(2022)Energies, 15.0, 21 | |
| 31842
|
Fatima, N; Xuhua, H; Alnafisah, H; Zeast, S; Akhtar, MR Enhancing climate action in OECD countries: the role of environmental policy stringency for energy transitioning to a sustainable environment(2024)Environmental Sciences Europe, 36, 1 | |
| 33242
|
Murshed, M Testing the non-linear environmental effects of ongoing renewable energy transition in underdeveloped nations: The significance of technological innovation, governance, and financial globalization(2024) | |
| 32447
|
Liza, FF; Ahmad, F; Wei, LL; Ahmed, K; Rauf, A Environmental technology development and renewable energy transition role toward carbon-neutrality goals in G20 countries(2024) | |
| 30705
|
Li, JM; Yahya, F; Waqas, M Exploring the nexus of globalization and natural resource scarcity in driving green technology innovation: Insights from advanced panel data techniques(2024) |