Do uncertainties moderate the influence of renewable energy consumption on electric power CO2 emissions? A new policy insights

• Published in: International journal of sustainable development and world ecology Vol. 31; no. 3; pp. 314 - 329
• Main Author: Adebayo, Tomiwa Sunday
• Format: Journal Article
• Language: English
• Published: Abingdon Taylor & Francis 02.04.2024; Taylor & Francis Ltd
• Subjects: Bivariate analysis; carbon; Carbon dioxide; Carbon dioxide emissions; Climate action; Climate change; climate policy uncertainty; ecology; economic policy uncertainty; Electric power; Electric power CO; emissions; Energy consumption; issues and policy; Multivariate analysis; nonparametric technique; Quantiles; Renewable energy; renewable energy consumption; renewable energy sources; Renewable resources; sustainable development; Uncertainty
• DOI: 10.1080/13504509.2023.2286487
• ISSN: 1350-4509; 1745-2627

Investing in renewable energy is of utmost importance, especially in the context of addressing climate change. However, while numerous studies have explored the role of renewable energy in achieving carbon neutrality, there is a noticeable gap in the literature regarding how uncertainties affect the impact of renewable energy on electric power CO 2 . To bridge this gap, the present study employs recently developed nonparametric techniques, namely multivariate quantile-on-quantile regression (MQQR) and time-varying quantile causality (TVQC), to investigate the relationship between renewable energy and electric power CO 2 in the presence of uncertainties. The study utilizes monthly data spanning from January 1988 to May 2023. The bivariate results reveal that renewable energy and low uncertainties contribute to improving ecological quality by reducing electric power CO 2 . Furthermore, the multivariate quantile-on-quantile regression results highlight the substantial influence of low uncertainties on the impact of renewable energy in lowering electric power CO 2 . Additionally, the TVQC analysis demonstrates that both renewable energy and uncertainties possess predictive power regarding electric power sector CO 2 . The study discoveries showcase that the influence of renewable energy on electric power CO 2 is subject to external moderation. The suggested policy framework in this study is structured to assist the United States in accomplishing the goals outlined in SDG 7.