Determinants of renewable and non-renewable energy consumption in hydroelectric countries.

Determinants of renewable and non-renewable energy consumption in hydroelectric countries. Environ Sci Pollut Res Int. 2020 May 22;: Authors: Ponce P, López-Sánchez M, Guerrero-Riofrío P, Flores-Chamba J Abstract In the past decades, renewable energy consumption has grown considerably because of environmental degradation caused by non-renewable energy consumption. This research aims to find the causal link between renewable and non-renewable energy consumption, human capital, and non-renewable energy price for the 53 most renewable energy-consuming countries worldwide (hydroelectric) during the period 1990-2017. We use data collected from the World Bank (http://data.worldbank.org/data-catalog/world-development-indicators, 2018) and Statistical Review of World Energy (https://www.bp.com/, 2018). We test simultaneously two types of regressions in order to measure the degree of elasticity of the two types of energy by using econometric techniques for panel data. The results of the GLS models indicate that human capital has a stronger significant effect on renewable energy consumption at the global level, in the middle high-income countries and low-middle income countries, compared with non-renewable energy consumption. Besides, at the global level, there is a positive and statistically significant relationship between the non-renewable energy price and the two types of energy consumption. There is a long-run consumption of both types...
Source: Environmental Science and Pollution Research International - Category: Environmental Health Authors: Tags: Environ Sci Pollut Res Int Source Type: research