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Nyberg, Oscar, 2020. Analysis of renewable energy consumption : a panel data evidence from the OECD countries. First cycle, G2E. Uppsala: SLU, Dept. of Economics

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Abstract

The share of renewables in the global energy mix needs to increase or we will never reach the environmental targets. In 2050 the world will use 80% more
energy than it does today and without policy interventions, the fossil-fuel based energy in the global energy mix will remain at 85%. Under this circumstance,
increasing the share of renewables in the total energy consumption is most critical to achieve the target set by the Paris Agreement to limit the long-time increase in global temperature below two degrees Celsius. So what is it that affects the use of renewables? In this thesis, I examine factors that affects the share of renewables in the global energy mix in OECD countries using the panel
data for the period 1995-2014. My results reveal that carbon dioxide emission,total energy use, GDP per capita and an increasing urban population have a negative effect on the share of renewable energy in the total energy mix. On the other hand, total renewable energy supply and oil price have a significant positive effect on the share of renewable energy consumption.

Main title:Analysis of renewable energy consumption
Subtitle:a panel data evidence from the OECD countries
Authors:Nyberg, Oscar
Supervisor:Gatiso, Tsegaye Ginbo
Examiner:Rommel, Jens
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1206
Year of Publication:2020
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NY008 Agronomprogrammet ekonomi 300 HEC
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:determinants, renewable energy, panel data, fixed effect, hausman test
URN:NBN:urn:nbn:se:slu:epsilon-s-15997
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-15997
Subjects:Energy resources management
Language:English
Deposited On:14 Sep 2020 08:38
Metadata Last Modified:15 Sep 2020 01:00

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