Impact of decarbonization enablers, energy supply between transition and disruption, on renewable energy development

This study explores the impact of decarbonization enablers, energy transitions, and extended energy balances on renewable energy development in OECD countries between 2000 and 2021, focusing on energy supply and natural resources as control variables. The analysis reveals complex relationships between energy decarbonization, energy supply dynamics, and renewable energy growth. An increase in energy decarbonization enablers is found to decrease renewable energy development, highlighting the potential disruptions caused by aggressive decarbonization policies. Conversely, energy transition efforts and extended energy balances positively influence renewable energy development, underscoring the importance of strategic, incremental policy changes to promote renewable energy adoption. The study also identifies that increased fossil fuel energy supply negatively impacts renewable energy development, emphasizing the need for OECD countries to reduce their reliance on traditional energy sources. Additionally, the availability of natural resources significantly boosts renewable energy growth, suggesting that countries with abundant resources should leverage these advantages to accelerate clean energy deployment. The findings suggest that successful renewable energy development requires a balanced, comprehensive policy approach that addresses the interplay between decarbonization, energy transitions, natural resource management, and energy market stability. This research provides crucial insights for policymakers aiming to foster sustainable and resilient energy systems in OECD countries.