The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States

被引：173
|
作者：
Shang, Yunfeng [1 ]
Han, Ding [2 ]
Gozgor, Giray [3 ,4 ,5 ]
Mahalik, Mantu Kumar [6 ]
Sahoo, Bimal Kishore [6 ]
机构：
[1] Zhejiang Yuexiu Univ, Sch Hospitality Adm, Shaoxing, Peoples R China
[2] Univ Int Business & Econ UIBE, Int Business Strategy Inst, Beijing, Peoples R China
[3] Univ Bradford, Sch Management, Bradford, W Yorkshire, England
[4] Istanbul Medeniyet Univ, Fac Polit Sci, Istanbul, Turkey
[5] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut, Lebanon
[6] Indian Inst Technol Kharagpur, Dept Human & Social Sci, Kharagpur 721302, W Bengal, India
来源：
RENEWABLE ENERGY | 2022年 / 197卷
关键词：
Climate policy uncertainty; Renewable energy demand; Non-renewable energy demand; Economic growth; Crude oil price; ECONOMIC-GROWTH NEXUS; TIME-SERIES; CO2; EMISSIONS; CONSUMPTION; DETERMINANTS; COUNTRIES; ENVIRONMENT; REGRESSION; INFERENCE; LEVEL;
D O I：
10.1016/j.renene.2022.07.159
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This paper evaluates the impact of climate policy uncertainty on renewable and non-renewable energy consumption in the United States over the quarterly data from 2000Q1 to 2021Q3. Economic growth and crude oil prices are added to the energy consumption functions as control variables. The paper considers several approaches to model both renewable and non-renewable energy demand. It is found that crude oil prices promote non-renewable energy demand and climate policy uncertainty reduces it. Surprisingly, the impact of economic growth on non-renewable energy consumption is positive but insignificant. It is also observed that economic growth promotes renewable energy demand, and crude oil prices reduce it. Furthermore, climate policy uncertainty positively affects renewable energy demand in the long run. Some policy implications are provided for reducing non-renewable energy consumption and promoting renewable energy use in the United States through climate policy implementation.
引用
收藏
页码：654 / 667
页数：14
相关论文
共 50 条
  • [1] The impact of climate policy uncertainty on renewable and non-renewable energy demand in the United States
    Shang, Yunfeng
    Han, Ding
    Gozgor, Giray
    Mahalik, Mantu Kumar
    Sahoo, Bimal Kishore
    RENEWABLE ENERGY, 2022, 197 : 654 - 667
  • [2] Determinants of renewable and non-renewable energy demand in China
    Zhao, Pan
    Lu, Zhou
    Fang, Jianchun
    Paramati, Sudharshan Reddy
    Jiang, Kai
    STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 2020, 54 : 202 - 209
  • [3] Renewable energy and non-renewable energy consumption: assessing the asymmetric role of monetary policy uncertainty in energy consumption
    Muhammad Tayyab Sohail
    Yu Xiuyuan
    Ahmed Usman
    Muhammad Tariq Majeed
    Sana Ullah
    Environmental Science and Pollution Research, 2021, 28 : 31575 - 31584
  • [4] Renewable energy and non-renewable energy consumption: assessing the asymmetric role of monetary policy uncertainty in energy consumption
    Sohail, Muhammad Tayyab
    Xiuyuan, Yu
    Usman, Ahmed
    Majeed, Muhammad Tariq
    Ullah, Sana
    ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2021, 28 (24) : 31575 - 31584
  • [5] Hydrogen production through renewable and non-renewable energy processes and their impact on climate change
    Amin, Muhammad
    Shah, Hamad Hussain
    Fareed, Anaiz Gul
    Khan, Wasim Ullah
    Chung, Eunhyea
    Zia, Adeel
    Farooqi, Zia Ur Rahman
    Lee, Chaehyeon
    INTERNATIONAL JOURNAL OF HYDROGEN ENERGY, 2022, 47 (77) : 33112 - 33134
  • [6] The Impact of Remittances on Renewable and Non-renewable Energy Consumption in Jamaica
    Seury, Simin
    McFarlane, Adian
    Singh, Amanjot
    GLOBAL BUSINESS REVIEW, 2023,
  • [7] Climate policy uncertainty and renewable energy consumption at crossroads: designing SDG policies for the United States
    Khan, Khatib Ahmad
    Alshahari, Eman A.
    Akhayere, Evidence
    Kavaz, Doga
    Adebayo, Tomiwa Sunday
    INTERNATIONAL JOURNAL OF SUSTAINABLE DEVELOPMENT AND WORLD ECOLOGY, 2024, 31 (05): : 593 - 610
  • [8] The impact of renewable and non-renewable energy on sustainable development in South Asia
    Noor, Maheen
    Khan, Dilawar
    Khan, Alam
    Rasheed, Noman
    ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2024, 26 (06) : 14621 - 14638
  • [9] Renewable energy, non-renewable energy and sustainable development
    Guney, Taner
    INTERNATIONAL JOURNAL OF SUSTAINABLE DEVELOPMENT AND WORLD ECOLOGY, 2019, 26 (05): : 389 - 397
  • [10] Renewable and Non-Renewable Energy Consumption and Its Impact on Economic Growth
    Mohammadi, Hosein
    Saghaian, Sayed
    Gharibi, Bahareh Zandi Dareh
    SUSTAINABILITY, 2023, 15 (04)
12345