Higher oil prices, are they good or bad for renewable energy consumption: The case of Iran?

被引:71
作者
Mukhtarov, Shahriyar [1 ,2 ,3 ]
Mikayilov, Jeyhun I. [4 ]
Maharramov, Shahin [5 ]
Aliyev, Javid [6 ]
Suleymanov, Elchin [7 ]
机构
[1] Baku Engn Univ, Dept Econ, Baku, Azerbaijan
[2] Vistula Univ, Fac Econ & Int Relat, Warsaw, Poland
[3] Azerbaijan State Univ Econ UNEC, UNEC Empir Res Ctr, Istiqlaliyyat Str 6, AZ-1141 Baku, Azerbaijan
[4] King Abdullah Petr Studies & Res Ctr, Energy & Macroecon, Riyadh, Saudi Arabia
[5] Azerbaijan Energy Regulatory Agcy, Dept Tariff & Stat, Baku, Azerbaijan
[6] Hamad Bin Khalifa Univ, Dept Coll Islamic Studies, Islamic Finance & Econ, Doha, Qatar
[7] Baku Engn Univ, Dept Finance, Baku, Azerbaijan
关键词
Renewable energy transition; General to specific modeling; Income; Oil prices; Iran; CO2; EMISSIONS; CAUSAL DYNAMICS; TIME-SERIES; DETERMINANTS; REGRESSION; OUTPUT;
D O I
10.1016/j.renene.2021.12.135
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The transition to renewable energy is key for sustainable development. Therefore, one of the sustainable development goals (SDG) of United Nations (UN) is to shift towards clean energy. However, in many resource-rich countries several factors can stand as barriers towards the transition process. In this regard, this paper examines the influence of higher oil price, CO2 emissions, and income on renewable energy consumption in Iran from 1980 to 2019, employing General to Specific (Gets) modeling approach. Estimation results indicated that oil price and CO2 emissions both have statistically significant and negative impact on renewable energy consumption. The negative influence of higher oil prices on renewable energy consumption may be interpreted as sign of satisfaction coming from higher oil prices, which postpones the transition from traditional energy sources to renewable for Iran. Furthermore, we concluded that income does not have a statistically significant influence on renewable energy use. The paper discusses alternative policies to promote renewable energy consumption.(C) 2022 Elsevier Ltd. All rights reserved.
引用
收藏
页码:411 / 419
页数:9
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