Renewable energy and sustainable development: Evidence from OECD countries
Yükleniyor...
Dosyalar
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
American Institute of Chemical Engineers
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to investigate the effects of renewable energy on GDP and sustainable development. The data of Economic Cooperation and Development Organization (OECD) countries covering the period of 1990–2015 are included in the analysis. In this study, GDP and adjusted net savings (ANS) are used as indicators of sustainable development. ANS calculation is closely related to the 2030 Sustainable Development Goals and the concept of sustainable development. According to IV (two‐stage least square—2SLS) and two‐stage general method of moments IV (2SLS) estimates, renewable energy positively affects ANS per capita. However, non‐renewable energy negatively affects ANS per capita. Therefore, renewable energy causes an increase in sustainable development, while non‐renewable energy causes a decrease. As a result, OECD countries are recommended to prefer renewable energy rather than non‐renewable energy. OECD countries should make the necessary arrangements for the growth and development of the renewable energy sector and implement them quickly. Preferring renewable energy is extremely important to achieve the 2030 Sustainable Development Goals.
Açıklama
WOS:000614637300001
Anahtar Kelimeler
Endogeneity, Non-Renewable Energy, Oecd Countries, Panel Data Analysis, Renewable Energy, Sustainability
Kaynak
WoS Q Değeri
Q3
Scopus Q Değeri
Q2
Cilt
Sayı
Künye
Güney, T. (2021). Renewable energy and sustainable development: Evidencefrom OECD countries. Environmental Progress and Sustainable Energy
