Investments in renewable energy sources: the relationship with nuclear power consumptions
DOI:
https://doi.org/10.6092/issn.1973-2201/4328Keywords:
Sustainable Energy, Factorial Analysis, Dynamic model, Renewable Energy Sources,Abstract
The aimof this study is to analyze the driving of investment in renewable energy sources in countries with, or without, nuclear power plants. To address these issues, a dynamic panel analysis of the renewable investment in a sample of 29 countries is proposed. Results demonstrate that investments in renewable sources present an inverse relationship with share of nuclear power generation in countries with nuclear power plants but in the countries with power generation based on fossil fuel, investments in renewable sources depend on GDP and technological efficiency. Results also show that energy sustainability passes through the use of renewable resources that can complement the nuclear technology on condition that both exceed their limits.
References
N. APERGIS, J. PAYNE (2010). A panel study of nuclear energy consumption and economic growth. Energy Economics, 32, pp. 545–549.
M. ARELLANO, S. BOND (1991). Some tests of specification for panel data: Monte carlo evidence and an application to employment equations. Review of Economic Studies, 58, pp. 277–297.
B. BALTAGI (2005). Econometric Analysis of Panel Data. JohnWiley & Sons, 3r d ed.
L. BIRD, M. BOLINGER, T. GAGLIANO, ET AL. (2005). Policies and market factors driving wind power development in the united states. Energy Policy, 33, pp. 1397–1407.
T. BRADLEY, B. EWING, R. SARY, U. SOYTAS (2007). Disaggregate energy consumption and industrial output in the united states. Energy Policy, 35, pp. 1274–1281.
S. CARLEY (2009). State renewable energy electricity policies: an empirical evaluation of effectiveness. Energy Policy, 37, pp. 3071–3081.
J. DOORNIK, M. ARELLANO, S. BOND (2002). Panel Data Estimation using DPD for Ox. URL http://fmwww.bc.edu/ec-p/software/ox/dpd.pdf.
C. FOSBERG (2009). Sustainability by combining nuclear, fossil, and renewable energy sources. Progress in Nuclear energy, 51, pp. 192–200.
C. HSIAO (2003). Analysis of Panel Data, 2nd edition. Cambridge University Press.
M. K. JACCARD, J. NYBOER, E. A. C. BATAILLE (2003). Modeling the cost of climate policy: distinguishing between alternative cost definitions and long run cost dynamics. The Energy Journal, 24, pp. 49–73.
A. MARQUES, J. FUINHAS, J. P. MANSO (2010). Motivations driving renewable energy in european countries: a panel data approach. Energy Policy, 38, pp. 6877–6885.
K. MATSUI, H. UJITA, M. TASHINO (2008). Role of nuclear energy in environment, economy and energy issues of the 21st century green house gas emission constraint effects. Progress in Nuclear Energy, 50, pp. 97–102.
C. PHILIBERT (2011). Interactions of policies for renewable energy and climate,. Tech. rep., International Energy Agency.
P. SADORSKY (2009). Renewable energy consumption, CO2 emissions and oil prices in the G–7 countries. Energy Economics, 31, pp. 456–462.
R. SARY, U. SOYTAS (2004). Disaggregate energy consumption, employment and income in Turkey. Energy Economics, 26, pp. 335–344.
H. SONG, S. WITT (2000). Tourism Demand Modeling and Forecasting: Modern Econometric Approaches. Pergamon.
U. SOYTAS, R. SARY (2009). Energy consumption, economic growth, and carbon emissions: challenges faced by an eu candidate member. Ecological Economics, 68, pp. 1667–1675.
A. VERBRUGGEN (2008). Renewable and nuclear power: A common future? Energy Policy, 26, pp. 1036–1047.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2013 Statistica
This journal is licensed under a Creative Commons Attribution 3.0 Unported License (full legal code).
Authors accept to transfer their copyrights to the journal.
See also our Open Access Policy.
