Do investments in green energy, energy efficiency, and nuclear energy R&D improve the load capacity factor? An augmented ARDL approach
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Dosyalar
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
China Univ Geosciences, Beijing
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Renewable energy, energy efficiency, and nuclear energy research and development (RER, EER, and NER) budgets are immensely important to fulfill sustainable development goals 7, 9, and 13, by accelerating energy innovation, energy transition, and climate control. The literature on the drivers of the load capacity factor (LCF), a recently developed ecological quality measure, is mounting; however, the roles of energy investments in the LCF are largely unknown. Accordingly, this study assesses the impacts of RER, EER, NER, and financial globalization (FIG) on the LCF using data from 1974 to 2018 for Germany. Advanced and reliable time series tests (Augmented ARDL, DOLS, and Fourier causality) are adopted to analyze cointegration, long-run impacts, and causal connections. The outcomes unveil that both green energy and energy efficiency R&D promote the LCF by enhancing ecological quality. However, the positive impact of NER on the LCF is found to be weaker than the impacts of RER and EER. FIG curbs ecological degradation by expanding the LCF. Additionally, the U-shaped connection between economic growth (ECG) and the LCF confirms the load capacity curve. Therefore, policymakers should focus on RER and EER to preserve the environment and promote sustainable growth. (c) 2023 China University of Geosciences (Beijing) and Peking University. Published by Elsevier B.V. on behalf of China University of Geosciences (Beijing). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Açıklama
Anahtar Kelimeler
Green Energy R&D, Energy Efficiency R&D, Nuclear Energy R&D, Financial Globalization, LCF
Kaynak
Geoscience Frontiers
WoS Q Değeri
N/A
Scopus Q Değeri
Q1
Cilt
15
Sayı
4
