Higher oil prices, are they good or bad for renewable energy consumption: The case of Iran?

Mukhtarov S., Mikayilov J. I., Maharramov S., Aliyev J., Suleymanov E.

RENEWABLE ENERGY, vol.186, pp.411-419, 2022 (SCI-Expanded) identifier identifier

  • Nəşrin Növü: Article / Article
  • Cild: 186
  • Nəşr tarixi: 2022
  • Doi nömrəsi: 10.1016/j.renene.2021.12.135
  • jurnalın adı: RENEWABLE ENERGY
  • Jurnalın baxıldığı indekslər: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Academic Search Premier, PASCAL, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), CAB Abstracts, Communication Abstracts, Compendex, Environment Index, Geobase, Greenfile, Index Islamicus, INSPEC, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, DIALNET, Civil Engineering Abstracts
  • Səhifə sayı: pp.411-419
  • Adres: Yox

Qısa məlumat

The transition to renewable energy is key for sustainable development. Therefore, one of the sustainable development goals (SDG) of United Nations (UN) is to shift towards clean energy. However, in many resource-rich countries several factors can stand as barriers towards the transition process. In this regard, this paper examines the influence of higher oil price, CO2 emissions, and income on renewable energy consumption in Iran from 1980 to 2019, employing General to Specific (Gets) modeling approach. Estimation results indicated that oil price and CO2 emissions both have statistically significant and negative impact on renewable energy consumption. The negative influence of higher oil prices on renewable energy consumption may be interpreted as sign of satisfaction coming from higher oil prices, which postpones the transition from traditional energy sources to renewable for Iran. Furthermore, we concluded that income does not have a statistically significant influence on renewable energy use. The paper discusses alternative policies to promote renewable energy consumption.(C) 2022 Elsevier Ltd. All rights reserved.