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Exploring the impact of green energy and consumption on the sustainability of natural resources: Empirical evidence from G7 countries

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  • Chau, Ka Yin
  • Moslehpour, Massoud
  • Tu, Yu-Te
  • Tai, Nguyen Tan
  • Tien, Nguyen Hoang
  • Huy, Pham Quang

Abstract

The sustainability of natural resources has become a global issue that requires the focus of recent literature and policymakers. This article reports an empirical investigation on the impact of green energy exploration and consumption (renewable energy production, renewable energy consumption, and combustible renewable waste) on the sustainability of natural resources (natural resources rent) across Group of Seven (G7) countries. For this purpose, secondary data were extracted from the World Bank Indicators (WDI) between 2001 and 2019 and the Method of Moments Quantile Regression (MMQR) was used to test the relationships between the constructs. The results showed that green energy exploration and consumption have a positive relationship with the sustainability of the natural resources of G7 countries. This study offers both theoretical and practical significance particularly for relevant authorities to formulate and implement policies regarding the sustainability of natural resources.

Suggested Citation

  • Chau, Ka Yin & Moslehpour, Massoud & Tu, Yu-Te & Tai, Nguyen Tan & Tien, Nguyen Hoang & Huy, Pham Quang, 2022. "Exploring the impact of green energy and consumption on the sustainability of natural resources: Empirical evidence from G7 countries," Renewable Energy, Elsevier, vol. 196(C), pages 1241-1249.
    • Handle: RePEc:eee:renene:v:196:y:2022:i:c:p:1241-1249
    DOI: 10.1016/j.renene.2022.07.085
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