Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support

The objective of this study is to evaluate the effectiveness of renewable energy in combating climate change and supporting adaptation efforts. By applying the ARDL model to data from 58 countries spanning the period from 1990 to 2022, this study sheds light on the opportunities and challenges asso...

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Main Authors: Ilyes Abidi, Mariem Nsaibi
Format: Article
Language:English
Published: EconJournals 2024-05-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:https://www.econjournals.com.tr/index.php/ijeep/article/view/15769
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author Ilyes Abidi
Mariem Nsaibi
author_facet Ilyes Abidi
Mariem Nsaibi
author_sort Ilyes Abidi
collection DOAJ
description The objective of this study is to evaluate the effectiveness of renewable energy in combating climate change and supporting adaptation efforts. By applying the ARDL model to data from 58 countries spanning the period from 1990 to 2022, this study sheds light on the opportunities and challenges associated with this involved relationship. The results indicate that renewable energy plays a significant role in reducing greenhouse gas emissions and mitigating temperature anomalies. Specifically, wind energy, biomass, geothermal energy, solar energy, and waste utilization demonstrate a positive correlation with greenhouse gas emission reduction. Moreover, wind energy, solar energy, waste utilization, and the proportion of renewable energy in primary energy consumption are also linked to a decrease in temperature anomalies. These findings emphasize the importance of implementing concrete measures such as promoting sustainable transportation, ensuring sustainable management of natural resources, raising awareness and enhancing education, increasing subsidies and incentives for renewable energy and strengthening regulations on greenhouse gas emissions.
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spelling doaj-art-1c1d785e398a47d6977c05825a71a29b2024-12-27T01:04:34ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-05-0114310.32479/ijeep.15769Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation SupportIlyes Abidi0Mariem Nsaibi1Management Information Systems Department, Applied College, University of Ha’il, Hail City P.O. Box 2440, Saudi ArabiaManagement Information Systems Department, Applied College, University of Ha’il, Hail City P.O. Box 2440, Saudi Arabia The objective of this study is to evaluate the effectiveness of renewable energy in combating climate change and supporting adaptation efforts. By applying the ARDL model to data from 58 countries spanning the period from 1990 to 2022, this study sheds light on the opportunities and challenges associated with this involved relationship. The results indicate that renewable energy plays a significant role in reducing greenhouse gas emissions and mitigating temperature anomalies. Specifically, wind energy, biomass, geothermal energy, solar energy, and waste utilization demonstrate a positive correlation with greenhouse gas emission reduction. Moreover, wind energy, solar energy, waste utilization, and the proportion of renewable energy in primary energy consumption are also linked to a decrease in temperature anomalies. These findings emphasize the importance of implementing concrete measures such as promoting sustainable transportation, ensuring sustainable management of natural resources, raising awareness and enhancing education, increasing subsidies and incentives for renewable energy and strengthening regulations on greenhouse gas emissions. https://www.econjournals.com.tr/index.php/ijeep/article/view/15769Effectiveness, Renewable Energy, Greenhouse Gas Emissions, Climate Change, and Adaptation
spellingShingle Ilyes Abidi
Mariem Nsaibi
Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
International Journal of Energy Economics and Policy
Effectiveness, Renewable Energy, Greenhouse Gas Emissions, Climate Change, and Adaptation
title Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
title_full Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
title_fullStr Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
title_full_unstemmed Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
title_short Assessing the Impact of Renewable Energy in Mitigating Climate Change: A Comprehensive Study on Effectiveness and Adaptation Support
title_sort assessing the impact of renewable energy in mitigating climate change a comprehensive study on effectiveness and adaptation support
topic Effectiveness, Renewable Energy, Greenhouse Gas Emissions, Climate Change, and Adaptation
url https://www.econjournals.com.tr/index.php/ijeep/article/view/15769
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