Is the transition to renewable energy consumption hampered by high oil prices?

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Mukhtarov S., Humbatova S., Hajiyev N. G.

International Journal of Energy Economics and Policy, vol.11, no.5, pp.377-380, 2021 (Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 11 Say: 5
  • Nəşr tarixi: 2021
  • Doi nömrəsi: 10.32479/ijeep.11345
  • jurnalın adı: International Journal of Energy Economics and Policy
  • Jurnalın baxıldığı indekslər: Scopus, ABI/INFORM, EconLit, Directory of Open Access Journals
  • Səhifə sayı: pp.377-380
  • Açar sözlər: CCR, FMOLS, Income, Kazakhstan, Oil price, Renewable energy consumption
  • Adres: Bəli

Qısa məlumat

The article examines the impact of oil price, income and CO2 emissions on renewable energy consumption in the case of Kazakhstan for the data period from 1992 to 2015, employing FMOLS and CCR methods. Empirical results reached that there is a long-run positive and statistically significant impact of income on the renewable energy consumption whereas a negative effect of oil price and CO2 emissions in Kazakhstan, for the investigated period. The results of this article might be beneficial for the policymakers and support the current literature for next researches for oil-rich developing countries.