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Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support

Author

Listed:
  • Ilyes Abidi

    (Management Information Systems Department, Applied College, University of Ha’il, Hail City P.O. Box 2440, Saudi Arabia)

  • Mariem Nsaibi

    (Management Information Systems Department, Applied College, University of Ha’il, Hail City P.O. Box 2440, Saudi Arabia)

Abstract

The objective of this study is to evaluate the effectiveness of renewable energy in combating climate change and supporting adaptation efforts. By applying the ARDL model to data from 58 countries spanning the period from 1990 to 2022, this study sheds light on the opportunities and challenges associated with this involved relationship. The results indicate that renewable energy plays a significant role in reducing greenhouse gas emissions and mitigating temperature anomalies. Specifically, wind energy, biomass, geothermal energy, solar energy, and waste utilization demonstrate a positive correlation with greenhouse gas emission reduction. Moreover, wind energy, solar energy, waste utilization, and the proportion of renewable energy in primary energy consumption are also linked to a decrease in temperature anomalies. These findings emphasize the importance of implementing concrete measures such as promoting sustainable transportation, ensuring sustainable management of natural resources, raising awareness and enhancing education, increasing subsidies and incentives for renewable energy and strengthening regulations on greenhouse gas emissions.

Suggested Citation

  • Ilyes Abidi & Mariem Nsaibi, 2024. "Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 442-454, May.
    • Handle: RePEc:eco:journ2:2024-03-45
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    More about this item

    Keywords

    Effectiveness; Renewable Energy; Greenhouse Gas Emissions; Climate Change; and Adaptation;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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