IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v229y2024ics0960148124007833.html
   My bibliography  Save this article

Assessing the impact of fiscal decentralization, green finance and green technology innovation on renewable energy use in European Union countries: What is the moderating role of political risk?

Author

Listed:
  • Behera, Puspanjali
  • Behera, Biswanath
  • Sethi, Narayan

Abstract

Renewable energy use plays a substantial role in sustaining environmental quality. Therefore, there is a need to make substantial efforts to advance the renewable energy sector and to provide affordable, clean, and reliable energy to attain sustainable goals. With this notion, the present study aims to assess the definitive roles of green technology innovation (GTI), green finance, fiscal decentralization, political risk, and environmental regulations in fostering renewable energy use while controlling for the effects of industrial structure and economic growth for ten selected European Union (EU) nations spanning from 2000 to 2020. The study's findings reveal that while GTI, green finance, and fiscal decentralization foster renewable energy use, political risk impedes renewable energy use in EU nations. Notably, this study advises EU nations to persuade the integration of local and federal governments for the devolution of fiscal powers and ensure a stable political environment to promote green innovation and investments in the renewable energy sector to realize sustainable goals.

Suggested Citation

  • Behera, Puspanjali & Behera, Biswanath & Sethi, Narayan, 2024. "Assessing the impact of fiscal decentralization, green finance and green technology innovation on renewable energy use in European Union countries: What is the moderating role of political risk?," Renewable Energy, Elsevier, vol. 229(C).
    • Handle: RePEc:eee:renene:v:229:y:2024:i:c:s0960148124007833
    DOI: 10.1016/j.renene.2024.120715
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148124007833
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2024.120715?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:229:y:2024:i:c:s0960148124007833. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.