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The Investments in Renewable Energy Sources: Do Low Carbon Economies Better Invest In Green Technologies?

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  • Antonio Angelo Romano

    (Dipartimento di Statistica e Matematica per la Ricerca Economica Università di Napoli, Italy)

  • Giuseppe Scandurra

    (Dipartimento di Statistica e Matematica per la Ricerca Economica Università di Napoli, Italy)

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    Abstract

    The aim of this study is to analyse the driving of investment in renewable energy sources in low carbon and high carbon economies. To address these issues, a dynamic panel analysis of the renewable investment in a sample of 29 countries was proposed. Results demonstrate that the dynamic of investments in renewable sources is similar in the two panels, and depends by nuclear power generation, GDP and technological efficiency. Results show that countries try to reduce their environmental footprint, decreasing the CO2 intensity. Based on the estimation results, we think that energy sustainability passes through the use of renewable resources that can complement the nuclear technology on condition that both exceed their limits.

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    Bibliographic Info

    Article provided by Econjournals in its journal International Journal of Energy Economics and Policy.

    Volume (Year): 1 (2011)
    Issue (Month): 4 ()
    Pages: 107-115

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    Handle: RePEc:eco:journ2:2011-04-3

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    Web page: http://www.econjournals.com

    Related research

    Keywords: CO2 intensity; Dynamic model; Nuclear Energy;

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    Cited by:
    1. Wadim Strielkowski & Štepán Krška & Evgeny Lisin, 2013. "Energy Economics and Policy of Renewable Energy Sources in the European Union," International Journal of Energy Economics and Policy, Econjournals, vol. 3(4), pages 333 - 340.
    2. Zhao, Yong & Tang, Kam Ki & Wang, Li-li, 2013. "Do renewable electricity policies promote renewable electricity generation? Evidence from panel data," Energy Policy, Elsevier, vol. 62(C), pages 887-897.

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