Identifying the influence of climate policy uncertainty and oil prices on modern renewable energies: novel evidence from the United States

Basit Öğe Kaydı
dc.contributor.authorPata, Selin Karlilar
dc.contributor.authorBalcilar, Mehmet
dc.date.accessioned2024-09-18T20:11:30Z
dc.date.available2024-09-18T20:11:30Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractThe policy uncertainty surrounding climate change can intensify the urgency of implementing climate policies and influence investment decisions, thereby serving as a catalyst for policy transformation. In this context, given its withdrawal from and subsequent re-commitment to the Paris Agreement, the United States (US) may experience policy uncertainty over climate change. Given this backdrop, it is of paramount importance to explore how the uncertainties caused by shifts in climate policy affect clean energy. This study delves into the impact of climate policy uncertainty and oil prices on modern renewable energy sources, such as solar, wind, geothermal, and biofuels. The most recent monthly data from 1989 to 2023 are used by conducting the Residual Augmented Least Squares (RALS) methodology. The empirical findings show that the uncertainty surrounding climate policy is leading to a shift in the US energy composition, with a focus on solar energy, wind energy, and biofuels. Moreover, the fluctuation in oil prices has a significant effect on the deployment of wind and biofuels, but no discernible effect on solar power. These findings provide significant insights for aligning climate policy in the US with Sustainable Development Goal (SDG) 7, highlighting the crucial importance of encouraging investments in solar energy, wind energy, and biofuels.en_US
dc.description.sponsorshipHatay Mustafa Kemal Universityen_US
dc.description.sponsorshipNo Statement Availableen_US
dc.identifier.doi10.1007/s10098-024-02969-x
dc.identifier.issn1618-954X
dc.identifier.issn1618-9558
dc.identifier.scopus2-s2.0-85199886692en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1007/s10098-024-02969-x
dc.identifier.urihttps://hdl.handle.net/20.500.12483/8905
dc.identifier.wosWOS:001275438000002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofClean Technologies and Environmental Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectClimate policy uncertaintyen_US
dc.subjectRenewable energyen_US
dc.subjectOil priceen_US
dc.subjectThe United Statesen_US
dc.subjectEnergy transitionen_US
dc.titleIdentifying the influence of climate policy uncertainty and oil prices on modern renewable energies: novel evidence from the United Statesen_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
Tam Metin / Full Text
Boyut:
863.77 KB
Biçim:
Adobe Portable Document Format
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu