IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v233y2024ics0960148124012151.html
   My bibliography  Save this article

Climate change and income inequality: Does renewable energy matter?

Author

Listed:
  • Huynh, Cong Minh
  • Phan, Thi Nga

Abstract

Asia, the continent most vulnerable to climate change, presents policymakers with the dual challenges of significant income inequality and a scarcity of alternative energy sources. This paper investigates the impact of climate change on income inequality, and the role of renewable energy in moderating this impact for a panel data set of 36 Asian countries over the period of 1990–2021. Results from panel data analysis techniques show that climate change exacerbates the income inequality while renewable energy not only reduces income inequality but also lessens the detrimental impact of climate change on income equality through the channels of job creation and access to renewable energy. Remarkably, the role of renewable energy becomes stronger in those countries that are more exposed to climate change. The findings are robust with different estimation methods as well as various proxies of climate change and income inequality. These results highlight the critical role of renewable energy policies in promoting both environmental sustainability and socioeconomic equity. Through this paper, we aim to provide invaluable insights that can aid policymakers in making informed decisions to advance a future marked by sustainability, equity, and resilience.

Suggested Citation

  • Huynh, Cong Minh & Phan, Thi Nga, 2024. "Climate change and income inequality: Does renewable energy matter?," Renewable Energy, Elsevier, vol. 233(C).
    • Handle: RePEc:eee:renene:v:233:y:2024:i:c:s0960148124012151
    DOI: 10.1016/j.renene.2024.121147
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148124012151
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2024.121147?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.

    More about this item

    Keywords

    Asian countries; Climate change; Income inequality; Renewable energy;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    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:233:y:2024:i:c:s0960148124012151. 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.