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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
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    References listed on IDEAS

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    3. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 11855, October.
    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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