Does Renewable Energy Matter to Achieve Sustainable Development Goals? The Impact of Renewable Energy Strategies on Sustainable Economic Growth

Frontiers in Energy Research

Mosab I. Tabash¹  Asma Salman²  Eman Zabalawi³  Alaa Amin Abdalla³  Akram M. Haddad³  Malik Shahzad Shabbir⁴  Fan Su⁵  Jie Chen⁶  Vipin Jain⁷ 

[1] Al-Ain University, Al-Ain, United Arab Emirates;American University of Emirates, Dubai, United Arab Emirates;Amity University Dubai, Dubai, United Arab Emirates;Lahore Business School, The University of Lahore, Lahore, Pakistan;School of Finance, Hubei University Of Economics, Wuhan, China;Shenzhen Polytechnic, Shenzhen, China;Teerthanker Mahaveer University, Uttar Pradesh, India;

关键词: renewable energy sources;    SDGs (sustainable development goals);    economic growth;    Asian economies;    green power;   

DOI  :  10.3389/fenrg.2022.829252

来源: DOAJ

【 摘 要 】

The influences of renewable and conventional energy consumption on ecological sustainability remain unclear because of the dynamic economic and innovative framework. This investigation gives a new perception by exploring the association between the production of various sources of renewable energies (e.g., hydroelectric, wind, solar PV, geothermal, and biomass power) and economic growth encapsulating capital, government spending, and trade openness. This research used a heterogeneous approach for panel data and second generational tools for econometrics, which allow for cross-sectional reliance and slope heterogeneity. This study has revealed the substantial reason to back up the feedback assumptions between renewable energy sources and economic growth, using the Dumitrescu and Hurlin analysis. In terms of policy, this empirical analysis suggests enacting impactful policies that encourage green power and economic reform in an attempt to lessen CO2 concentrations in the biosphere.

【 授权许可】

Unknown