Sustainability of renewable energy production: empirical evidence from developing and middle-income countries
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Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Energy Sector Management
Abstract
Purpose – This study aims to examine the appropriate measures needed toward achieving sustainability of
renewable energy production among developing and middle-income countries.
Design/methodology/approach – This study uses semi-annual panel data covering the period 2000–
2020 among 152 developing and middle-income countries and Cox proportional hazard model for the analysis.
Findings – Estimates indicate that effective operations of environmental institutions, investment in
research and development, subsidizing the production of renewable energy, government investment in
producing renewable energy and investment in renewable energy production made by the private sector will
contribute immensely toward achieving sustainability of renewable energy production.
Practical implications – This study recommends that governments should rationalize their expenditures
to mobilize enough resources for investment in renewable energy production. Again, operations of
environmental institutions should be enhanced through giving their managers’ performance contracts and
licensing its employees. Enabling environment should be created for private sector to increase their
investment in renewable energy production.
Originality/value – Empirical studies have been carried out exploring measures to deal with climate
change. Nonetheless, the appropriate measures needed toward achieving sustainability of renewable energy
production among developing and middle-income countries have not been explored in existing empirical
studies. Hence, this study fills the gap in existing empirical studies.
Description
Research Article
Keywords
Sustainability, Renewable energy production, Climate change