How does geopolitical risk affect clean energy generation? Daily evidence from five highly Russia-reliant European countries

Basit Öğe Kaydı
dc.authoridalola, andrew/0000-0001-5355-3707
dc.contributor.authorErdogan, Sinan
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorKartal, Mustafa Tevfik
dc.contributor.authorDepren, Serpil Kilic
dc.date.accessioned2024-09-18T20:11:29Z
dc.date.available2024-09-18T20:11:29Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractEurope has recently experienced an energy crisis that began with the war between Russia and Ukraine and continued with reciprocal sanctions and power cuts, increasing geopolitical tensions and risks. In such an environment, European countries must decide how to replace energy imports from Russia. As the best option may be to rely on clean energy, this study explores how geopolitical risk (GPR) affects clean electricity generation (i. e., hydro, solar, wind, & nuclear) in five European countries (i.e., Bulgaria, Czechia, Germany, Romania, and Switzerland), which have a high dependency on Russia. The study therefore uses daily data between January 2, 2019 and January 29, 2024 and applies a set of nonlinear methods (i.e., wavelet coherence, quantile-on-quantile regression, Granger causality in quantiles, and quantile regression). The results show that (i) there is a strong dependence of GPR on renewable and nuclear electricity generation over different times, frequencies, and countries; (ii) GPR stimulates hydro electricity generation at higher quantiles across countries except the Czechia; (iii) GPR increases solar electricity generation at higher quantiles in all countries except the Czechia and Switzerland; (iv) GPR mainly stimulates wind electricity generation at higher quantiles, except for Bulgaria and Switzerland; (v) GPR is almost inefficient in nuclear electricity generation. Overall, the study clearly shows the supportive effect of the GPR in promoting renewables, while this is not the case for nuclear energy. Therefore, European countries can rely on renewables as the best alternative against energy blackouts in the short term, considering the varying effect based on time, frequency, quantile, country, and clean energy sources.en_US
dc.description.sponsorshipFunding This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.en_US
dc.identifier.doi10.1016/j.esr.2024.101492
dc.identifier.issn2211-467X
dc.identifier.issn2211-4688
dc.identifier.scopus2-s2.0-85199952945en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.esr.2024.101492
dc.identifier.urihttps://hdl.handle.net/20.500.12483/8893
dc.identifier.volume55en_US
dc.identifier.wosWOS:001286758800001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Strategy Reviewsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectClean electricityen_US
dc.subjectGeopolitical risken_US
dc.subjectEuropean countriesen_US
dc.subjectNonlinear approachesen_US
dc.titleHow does geopolitical risk affect clean energy generation? Daily evidence from five highly Russia-reliant European countriesen_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
[ N/A ]
İsim:
Tam Metin / Full Text
Boyut:
1.93 MB
Biçim:
Adobe Portable Document Format
İndir

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu