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Generation and Storage of Renewable Energy: Rising Parity of Emerging Economies

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  • Elizabeth Gingerich

    (Valparaiso University, 1909 Chapel Drive, Urschel #207, Valparaiso, Indiana 46383 USA.)

Abstract

While trade liberalization has advanced considerably since post-WWII, emerging economies have disproportionately borne the brunt of trade inequities. However, with a growing consensus that the world must quickly and collectively combat the threat of climate change, certain unexpected phenomena in trade relations are occurring. More developed economies are experiencing a wave of nationalism and self-imposed isolation, jeopardizing the very existence of regional trading blocs and agreements and weakening the World Trade Organization s (WTO) centralist position in market liberalization (Donnan, 2016-A). However, as technological innovations transform clean energy into a thriving export-import item, emerging economies are discovering a new place in the world market and buttressing the efficacy of the WTO in the process. Fossil fuel gluts and shortages, catastrophic oil spills, poisonous methane leaks, and fracking-based earthquakes have created an existential threat. But clean energy development, storage, and distribution have experienced significant breakthroughs. With more affordable materials, subsidized infrastructure networking, advantageous topographies and coveted mineral deposits, historically colonized least developed countries (LDCs) may be on track to become formidable trading partners, generating revenue for their own nation-states while assuming greater leadership parity in the universal quest to decarbonize the global economy. And with the widespread acknowledgement of planetary degradation and species extinction, 195 countries representing developed, developing, and least developed economies alike successfully negotiated the 2015 Paris Agreement to address greenhouse gas (GHG) emissions mitigation and adaptation (UNFCCC, 2015). Using endemic resources to generate clean energy will not only help participating countries attain their Agreement pledges, but emerging economies may now have a prime opportunity to actively participate in the global marketplace.

Suggested Citation

  • Elizabeth Gingerich, 2018. "Generation and Storage of Renewable Energy: Rising Parity of Emerging Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 8(1), pages 17-26.
    • Handle: RePEc:eco:journ2:2018-01-4
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    References listed on IDEAS

    as
    1. Srinivasan, T-N, 1996. "Trade and Human Rights," Papers 765, Yale - Economic Growth Center.
    2. Richard E. Baldwin, 2011. "Multilateralising Regionalism: Spaghetti Bowls as Building Blocks on the Path to Global Free Trade," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 2, Edward Elgar Publishing.
    3. Richard E. Baldwin, 2006. "Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade," The World Economy, Wiley Blackwell, vol. 29(11), pages 1451-1518, November.
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    Cited by:

    1. Paryono Paryono & Khudzaifah Dimyati & Absori Absori & Shinta Dewi Rismawati, 2019. "The Hegemony of Global Capitalism in the Regulation of Electricity: The Electricity Policies of the Selected Southeast Asian Nations," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 326-335.
    2. Ifeoma Christy Mba & Emmanuel Ikechukwu Mba & Jonathan Emenike Ogbuabor & Winnie Ogochukwu Arazu, 2019. "Causes and Terrain of Oil Spillage in Niger Delta Region of Nigeria: The Analysis of Variance Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 283-287.
    3. Balogh, Jeremiás Máté, 2021. "A kereskedelmi megállapodások szerepe a klímaváltozásban. Szakirodalmi áttekintés [The role of trade agreements in climate change. Systematic literature review]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 540-563.
    4. Hung Tran Van & Irina Onyusheva & Denis Ushakov & Radj Santhanakrishnan, 2018. "Impedimental Policies Impacting Shrinking World Solar Industry Eco-Economic Development," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 21-27.

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    More about this item

    Keywords

    Renewable Energy; World Trade Organization; Greenhouse Gases; Emerging Economies; Mitigation and Adaptation; Regional Trade Agreements;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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