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Determinants of Renewable Energy in Asia: Socio-Economic and Environmental Perspective

Author

Listed:
  • Salva K K

    (Research Scholar, Madras School of Economics, Chennai)

  • Zareena Begum Irfan

    (Professor, Madras School of Economics, Chennai)

Abstract

Energy related CO2 emission makes up two-third of global Green House Gas emission (GHG). It is mainly driven by developing countries especially those from Asia. Transition to Renewable Energy could reduce energy related emission. Identification of factors determining renewable energy is crucial for supporting its growth. We have tried to find out the factors determining renewable energy generation in developing countries of Asia. We used panel fixed effect model with Driscoll and Kraay standard errors using a sample of 26 countries for 19 years. The result shows that increased emission and energy consumption have not yet provide the incentive to invest in RE. Higher economic growth and increased dependency on imported energy find to encourage the renewable energy. Discouragement of renewable energy by the lobby of traditional energy sources is not found in our analysis.

Suggested Citation

  • Salva K K & Zareena Begum Irfan, 2024. "Determinants of Renewable Energy in Asia: Socio-Economic and Environmental Perspective," Working Papers 2024-268, Madras School of Economics,Chennai,India.
    • Handle: RePEc:mad:wpaper:2024-268
    as

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    References listed on IDEAS

    as
    1. António Marques & José Fuinhas & José Manso, 2011. "A Quantile Approach to Identify Factors Promoting Renewable Energy in European Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(3), pages 351-366, July.
    2. Cheng Hsiao, 2007. "Panel data analysis—advantages and challenges," TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 16(1), pages 1-22, May.
    3. repec:wbk:wbpubs:11855 is not listed on IDEAS
    4. Brunnschweiler, Christa N., 2010. "Finance for renewable energy: an empirical analysis of developing and transition economies," Environment and Development Economics, Cambridge University Press, vol. 15(3), pages 241-274, June.
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    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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