Introduction

The main objective is to identify the positive effect of globalisation on renewable energy transition in LAC countries. However, it is necessary to analyse in-depth three aspects through empirical studies and literature review to identify this positive effect. This analysis is based on four specific questions created from three aspects. Beyond the main objective, this book has four specific objectives that will allow achieving the main objective and contribute to the construction of this puzzle about this topic. Therefore, the first specific objective of this book is to assess the positive effect of financial openness on renewable energy investment diffusion in Latin American countries. Second, to assess the positive effect of globalisation in interactions between renewable energy consumption and economic growth and the negative effect of globalisation and renewable energy on the consumption of fossil fuels in the Mercosur countries. Third, to assess the positive reaction of the consumption of fossil fuels to trade openness and negative reaction from renewable energy consumption in LAC countries and extend and confirm some results from the analysis carried out before. Fourth, to assess the negative effect of the renewable energy transition on environmental degradation in the LAC countries and extend and confirm some results from the analysis developed before. Moreover, of these four specific questions originated four empirical essays that will answer each raised specific question and the central question of this book.