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| DOI | 10.1108/IJESM-10-2023-0017 |
| Economic and non-economic determinants of renewable energy consumption (REC): evidence from BRICS nations | |
| 发表日期 | 2024 |
| ISSN | 1750-6220 |
| EISSN | 1750-6239 |
| 英文摘要 | PurposeThis study aims to identify the various economic and non-economic determinants of renewable energy consumption (REC) in Brazil, Russia, India, China and South Africa (BRICS). Due to the adverse effect of carbon emission on the environment, every country is trying for a transition from fossil fuel towards renewable energy. Renewable energy plays a crucial role in reducing carbon emission and combating climate change. Understanding the determinants that influence REC helps to promote this transition.Design/methodology/approachThe study is based on an unbalanced panel data over the period 2002-2019 for all five BRICS nations. The panel corrected standard error (PCSE) method has been adopted to examine the determinants of REC.FindingsIndustrialization, population growth and foreign direct investment (FDI) are found to be significant economic determinants of REC while patent on environmental technologies, political instability and industrial design are significant non-economic determinants of REC in the BRICS nations.Research limitations/implicationsThe findings imply that to increase REC in BRICS nations, policymakers should incentivize industries for investments in renewable energy, attract FDI aligned with environmental regulations, raise population awareness through training, enforce industrial design standards, establish fair technology transfer frameworks to overcome patent barriers and create stable, long-term renewable energy policies with risk mitigation instruments to address political instability.Originality/valueThe study captures the effect of patents on environmental technologies and industrial design on the consumption of renewable energy. Thus, the novelty lies in investigating unexplored variables in the previous literature likely to affect REC. |
| 英文关键词 | Renewable energy consumption (REC); Industrial design; Patent on environmental technologies; PCSE |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics |
| WOS类目 | Management |
| WOS记录号 | WOS:001179170500001 |
| 来源期刊 | INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT
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| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/297965 |
| 作者单位 | Tezpur University |
| 推荐引用方式 GB/T 7714 | . Economic and non-economic determinants of renewable energy consumption (REC): evidence from BRICS nations[J],2024. |
| APA | (2024).Economic and non-economic determinants of renewable energy consumption (REC): evidence from BRICS nations.INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT. |
| MLA | "Economic and non-economic determinants of renewable energy consumption (REC): evidence from BRICS nations".INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT (2024). |
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