Does energy security improve renewable energy? A geopolitical perspective

This paper assesses the relationship between energy security and renewable energy in the context of geopolitical risk through the quantile-on-quantile method. The finding suggests that energy security positively impacts renewable energy in the upper to middle quantiles, meaning that renewable energy inclusion in the energy mix significantly affects conflicts and lessens energy security. Moreover, energy security positively impacts renewable energy across all quantiles. On the other hand, the results recommend that renewable energy positively impacts energy security in the higher to medium quantiles. Finally, the results show that renewable energy consistently positively impacts energy security across the board except in the medium run. The increased reliance on fossil fuels implies that energy markets are not set up to promote renewables. Therefore, the transition to renewable energy must be accelerated immediately.