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Understanding the Influence of Wind and Solar PV on Socioeconomic and Environmental Trends

2024-09-07Artigo científico Acesso aberto
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dc.contributor.authorSilva, Palloma
dc.contributor.authorAmaral, Roberta
dc.contributor.authorFortes, Patricia
dc.contributor.authorSoares, Isabel
dc.contributor.institutionFaculdade de Ciências e Tecnologia (FCT)
dc.contributor.institutionCENSE - Centro de Investigação em Ambiente e Sustentabilidade
dc.contributor.pblEconjournals
dc.date.accessioned2025-03-06T22:04:43Z
dc.date.available2025-03-06T22:04:43Z
dc.date.issued2024-09-07
dc.descriptionThe authors also acknowledge FCT/MCTES for funding CENSE (UID/04085/2020) Center for Economics and Finance at UPorto has been financed by Portuguese Public Funds through FCT (Portuguese Foundation for Science and Technology) and by the European Regional Development Fund through COMPETE 2020-Programa Operacional Competitividade e Internacionaliza\u00E7\u00E3o (POCI)-in the framework of the project POCI-01-0145-FEDER-006890\u201D-Isabel Soares. Publisher Copyright: © 2024, Econjournals. All rights reserved.
dc.description.abstractThis paper investigates the non-causality perspective of economic growth, investment, social well-being, employment, GHG emissions on renewable energy sources (RES) (wind and solar PV), providing a comprehensive overview of renewable technologies that effect on socio-economic and environmental drivers. The analysis and enhancing linear regression techniques, addressing cross-country RES installed capacity heterogeneity, and applying time-lags techniques to better understand the temporal effect of RES´s investment. The study tested: (I) economic growth in a country is related to the development of RESs, employment, investment. (II) Increased RESs share positively impacts social well-being. (III) RESs implementation reduces GHG emissions. Our findings suggest that RES positively influenced economic growth over time for countries with higher installed capacity. However, this statistically significant is not observed across countries with lower installed capacity nor across all indicators, like social well-being, employment, investment, which show modest growth trend over time. GHG emissions also showed an inverse trend, suggesting the needs the renewable electricity´s expansion accompanied by additional mitigation measures to reduce emissions. One limitation is the temporal restriction, which limits the assessment of long-run trends. Future research should focus on gathering a larger dataset for long-run trends analysis.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent9
dc.format.extent1245432
dc.identifier.doi10.32479/ijeep.15999
dc.identifier.issn2146-4553
dc.identifier.otherPURE: 107299224
dc.identifier.otherPURE UUID: bcb4af36-848a-4645-af32-aec84de64b50
dc.identifier.otherScopus: 85204480268
dc.identifier.otherORCID: /0000-0002-4743-1874/work/179547657
dc.identifier.urihttp://hdl.handle.net/10362/180208
dc.identifier.urlhttps://www.scopus.com/pages/publications/85204480268
dc.language.isoeng
dc.peerreviewedyes
dc.relationFunding Information: info:eu-repo/grantAgreement/FCT/CEEC IND 3ed/2020.00038.CEECIND%2FCP1586%2FCT0017/PT
dc.subjectEconomic Growth
dc.subjectEmployment
dc.subjectGreenhouse Gas Emissions
dc.subjectInvestment
dc.subjectRenewable Energy
dc.subjectSocial
dc.subjectGeneral Energy
dc.subjectEconomics, Econometrics and Finance(all)
dc.subjectSDG 7 - Affordable and Clean Energy
dc.subjectSDG 8 - Decent Work and Economic Growth
dc.subjectSDG 13 - Climate Action
dc.titleUnderstanding the Influence of Wind and Solar PV on Socioeconomic and Environmental Trendsen
dc.title.subtitleA Non-causality Perspectiveen
dc.typejournal article
degois.publication.firstPage1
degois.publication.issue5
degois.publication.lastPage9
degois.publication.titleInternational Journal of Energy Economics and Policy
degois.publication.volume14
dspace.entity.typePublication
rcaap.rightsopenAccess

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