IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v192y2023ics0040162523002366.html
   My bibliography  Save this article

Energy transition concern: Time-varying effect of climate policy uncertainty on renewables consumption

Author

Listed:
  • Xi, Yue
  • Huynh, Anh Ngoc Quang
  • Jiang, Yushi
  • Hong, Yanran

Abstract

Since COP26, the global energy transition has entered a critical period, and renewable energy has received great attention. Considering the importance of climate policy, this paper explores the impact of the uncertainty originating from its changes on five kinds of renewable energy consumption. First, we use the traditional Granger causality test to detect whether climate policy uncertainty (CPU) affects energy consumption on average. The results show that CPU has a significant influence on solar and wind energy, but not on hydroelectric, geothermal, and biomass energy. Further, we employ a novel time-varying Granger causality test based on three algorithms to discuss the dynamic characteristics of these effects. According to the results from the time-varying testing window, it can be seen that CPU has no impact on geothermal energy over the entire sample period but can affect the consumption of other renewable energy sources discontinuously. In particular, we also investigate the total renewable energy consumption. Therefore, this work confirms that climate policy changes will have an impact on renewable energy consumption from a time-varying perspective, and warns that policymakers related to each kind of energy should pay attention to the risks of climate change during different periods.

Suggested Citation

  • Xi, Yue & Huynh, Anh Ngoc Quang & Jiang, Yushi & Hong, Yanran, 2023. "Energy transition concern: Time-varying effect of climate policy uncertainty on renewables consumption," Technological Forecasting and Social Change, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:tefoso:v:192:y:2023:i:c:s0040162523002366
    DOI: 10.1016/j.techfore.2023.122551
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162523002366
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2023.122551?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:192:y:2023:i:c:s0040162523002366. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.