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Low-Carbon Energy Risk and Renewable Energy Development: Insigths from Method of Moments Quantile Regression

Author

Listed:
  • Kalandarov, Feruz

    (Faculty of Socio-economic Sciences, Urgench State University, Urgench, 220100, Uzbekistan)

  • Makhmudov, Samariddin

    (Department of Economics, Mamun University, Khiva, Uzbekistan; & Alfraganus University, Tashkent, Uzbekistan; & Termez University of Economics and Service, Termez, Uzbekistan)

  • Ibadullaev, Dilshad

    (Department of Economics, Urgench State University, Urgench, 220100, Uzbekistan)

  • Matniyozov, Murodjon

    (Faculty of Socio-economic Sciences, Urgench State University, Urgench, 220100, Uzbekistan)

  • Nasretdinova, Farangis

    (Faculty of Socio-economic Sciences, Urgench State University, Urgench, 220100, Uzbekistan)

  • Sabirov, Khamid

    (Department of Economics, Urgench Ranch University of Technology, Urgench 220100, Uzbekistan)

  • Bahodirov, Nu'monkhon

    (Fergana Polytechnic Institute, Faculty of Mechanics and Machine Engineering, Fergana, Uzbekistan)

Abstract

The current work investigates the effect of low-carbon energy risk on renewable energy development for the first time in the literature. The annual data used in the work contains the sample of 137 countries. For the empirical estimations, Method of Moments Quantile Regression (MMQR) is applied, considering the heteroscedastic nature of the data and energy markets as well. The results provide valuable findings that a decrease in low- carbon energy risk leads to a rise in renewable energy across all the quantiles. Moreover, the results remain robust when the sample is divided into developed and developing countries, further validating theoretical linkage. Policymakers should consider the components of low-carbon energy risk in the decision-making process to enhance renewable energy development.

Suggested Citation

  • Kalandarov, Feruz & Makhmudov, Samariddin & Ibadullaev, Dilshad & Matniyozov, Murodjon & Nasretdinova, Farangis & Sabirov, Khamid & Bahodirov, Nu'monkhon, 2025. "Low-Carbon Energy Risk and Renewable Energy Development: Insigths from Method of Moments Quantile Regression," International Journal of Energy Economics and Policy, Econjournals, vol. 15(3), pages 524-536, April.
    • Handle: RePEc:eco:journ2:v:15:y:2025:i:3:id:18882
    DOI: 10.32479/ijeep.18882
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