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Determinants of Renewable Energy in Asia: Socio-Economic and Environmental Perspective

Author

Listed:
  • Salva K K

    (Research Scholar, Madras School of Economics, Chennai)

  • Zareena Begum Irfan

    (Professor, Madras School of Economics, Chennai)

Abstract

Energy related CO2 emission makes up two-third of global Green House Gas emission (GHG). It is mainly driven by developing countries especially those from Asia. Transition to Renewable Energy could reduce energy related emission. Identification of factors determining renewable energy is crucial for supporting its growth. We have tried to find out the factors determining renewable energy generation in developing countries of Asia. We used panel fixed effect model with Driscoll and Kraay standard errors using a sample of 26 countries for 19 years. The result shows that increased emission and energy consumption have not yet provide the incentive to invest in RE. Higher economic growth and increased dependency on imported energy find to encourage the renewable energy. Discouragement of renewable energy by the lobby of traditional energy sources is not found in our analysis.

Suggested Citation

  • Salva K K & Zareena Begum Irfan, 2024. "Determinants of Renewable Energy in Asia: Socio-Economic and Environmental Perspective," Working Papers 2024-268, Madras School of Economics,Chennai,India.
    • Handle: RePEc:mad:wpaper:2024-268
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    More about this item

    Keywords

    Renewable energy; CO2 emission; energy consumption; energy import; traditional energy; economic growth;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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