Factors determining renewable energy demand behavior: service sector development, private sector involvement, and human resource management perspective.
CS-ARDL
Human resource
Private sector development
Renewable energy consumption
Service sector development
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Dec 2023
Dec 2023
Historique:
received:
07
06
2023
accepted:
16
10
2023
medline:
7
12
2023
pubmed:
2
11
2023
entrez:
2
11
2023
Statut:
ppublish
Résumé
Energy is considered the engine of growth due to its indispensable role in fueling economic activities. However, energy is one of the primary contributors to environmental degradation. In addition, conventional energy sources are depleting quickly due to the over-consumption of these sources, raising the issue of energy security. The solution to these above-stated issues is increasing renewable energy consumption. There is evidence that service sector development, private sector development, and human resource management help improve energy efficiency; however, their role in increasing renewable energy demand is debatable. This analysis fills the vacuum by examining the effect of service sector development, private sector development, and human resource management on renewable energy demand across four major regions: Asia, America, Africa, and Europe, spanning from 1998 to 2021. The analysis depends on the CS-ARDL model that can estimate the short and long-run results by addressing the model's cross-sectional dependence. The model estimates confirm that service sector development, private sector, and financial development escalate the long-run renewable energy consumption in all regions except Africa. Human resource enhances renewable energy consumption globally, in Europe and America. Likewise, GDP and carbon emissions stimulate long-run renewable energy consumption in all regions; however, trade only encourages renewable energy consumption globally and in Europe. The service sector development, financial development, carbon emissions, and trade significantly encourage short-run renewable energy consumption in one or two regions. In contrast, the GDP positively and significantly connects to the short-run renewable energy consumption in almost all regions. Therefore, policymakers should focus on increasing the role of human resources, services, and private sector development in the economy.
Identifiants
pubmed: 37917271
doi: 10.1007/s11356-023-30558-w
pii: 10.1007/s11356-023-30558-w
doi:
Substances chimiques
Carbon Dioxide
142M471B3J
Carbon
7440-44-0
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
118510-118522Informations de copyright
© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
Références
Aboagye S, Appiah-Konadu P, Acheampong V (2020) Economic expansion and environmental degradation in Ghana: a sector decomposition analysis. Afr J Econ Rev 8(1):106–124
Adebayo TS, Oladipupo SD, Rjoub H, Kirikkaleli D, Adeshola I (2023) Asymmetric effect of structural change and renewable energy consumption on carbon emissions: designing an SDG framework for Turkey. Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development 25(1):528–556
Adepoju OO, David LO, Nwulu NI (2022) Analysing the impact of human capital on renewable energy penetration: a bibliometric reviews. Sustainability 14(14):8852
doi: 10.3390/su14148852
Agrawal R, Agrawal S, Samadhiya A, Kumar A, Luthra S, Jain V (2023) Adoption of green finance and green innovation for achieving circularity: an exploratory review and future directions. Geosci Front:101669
Ahmad S (2015) Green human resource management: policies and practices. Cogent Bus Manag 2(1):1030817
doi: 10.1080/23311975.2015.1030817
Ahmad T, Zhang D, Huang C, Zhang H, Dai N, Song Y, Chen H (2021) Artificial intelligence in sustainable energy industry: Status Quo, challenges and opportunities. Journal of Cleaner Production 289:125834
Alkahteeb TT, Alkahtani NS, Mahmood H (2018) Green human resource management, financial markets and pollution nexus in Saudi Arabia. International Journal of Energy Economics and Policy 8(3):33–36
Allen E, Lyons H, Stephens JC (2019) Women’s leadership in renewable transformation, energy justice and energy democracy: redistributing power. Energy Res Soc Sci 57:101233
doi: 10.1016/j.erss.2019.101233
Ansari NY, Farrukh M, Raza A (2021) Green human resource management and employees pro-environmental behaviours: examining the underlying mechanism. Corp Soc Responsib Environ Manag 28(1):229–238
doi: 10.1002/csr.2044
Anwar N, Mahmood NHN, Yusliza MY, Ramayah T, Faezah JN, Khalid W (2020) Green Human Resource Management for organisational citizenship behaviour towards the environment and environmental performance on a university campus. J Clean Prod 256:120401
doi: 10.1016/j.jclepro.2020.120401
Avotra AARN, Chenyun Y, Yongmin W, Lijuan Z, Nawaz A (2021) Conceptualizing the state of the art of corporate social responsibility (CSR) in green construction and its nexus to sustainable development. Front Environ Sci 9:541
doi: 10.3389/fenvs.2021.774822
Azhgaliyeva D, Beirne J, Mishra R (2023) What matters for private investment in renewable energy? Clim Policy 23(1):71–87
doi: 10.1080/14693062.2022.2069664
Bonnedahl KJ, Heikkurinen P, Paavola J (2022) Strongly sustainable development goals: overcoming distances constraining responsible action. Environ Sci Policy 129:150–158
doi: 10.1016/j.envsci.2022.01.004
Caliskan A (2022) Seaports participation in enhancing the sustainable development goals. J Clean Prod 379:134715
doi: 10.1016/j.jclepro.2022.134715
Çetin M, Sarıgül SS, Topcu BA, Alvarado R, Karataser B (2023) Does globalization mitigate environmental degradation in selected emerging economies? Assessment of the role of financial development, economic growth, renewable energy consumption and urbanization. Environ Sci Pollut Res:1–20
Chao T, Yunbao X, Chengbo D, Bo L, Ullah S (2023) Financial integration and renewable energy consumption in China: do education and digital economy development matter? Environ Sci Pollut Res 30(5):12944–12952
doi: 10.1007/s11356-022-22852-w
Chen Z, Umar M, Su CW, Mirza N (2023) Renewable energy, credit portfolios and intermediation spread: evidence from the banking sector in BRICS. Renew Energy 208:561–566
doi: 10.1016/j.renene.2023.03.003
Chudik A, Pesaran MH (2015) Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors. J Econom 188(2):393–420
doi: 10.1016/j.jeconom.2015.03.007
Costantini V, Martini C (2010) The causality between energy consumption and economic growth: a multi-sectoral analysis using non-stationary cointegrated panel data. Energy Econ 32(3):591–603
doi: 10.1016/j.eneco.2009.09.013
Doytch N, Narayan S (2021) Does transitioning towards renewable energy accelerate economic growth? An analysis of sectoral growth for a dynamic panel of countries. Energy 235:121290
doi: 10.1016/j.energy.2021.121290
Fadly D (2019) Low-carbon transition: private sector investment in renewable energy projects in developing countries. World Dev 122:552–569
doi: 10.1016/j.worlddev.2019.06.015
Fourcroy C, Gallouj F, Decellas F (2012) Energy consumption in service industries: challenging the myth of non-materiality. Ecol Econ 81:155–164
doi: 10.1016/j.ecolecon.2012.07.003
Gan L, Liu Y, Shi Q, Cai W, Ren H (2022) Regional inequality in the carbon emission intensity of public buildings in China. Building and Environment 225:109657
Ghobakhloo M, Iranmanesh M, Grybauskas A, Vilkas M, Petraitė M (2021) Industry 4.0, innovation, and sustainable development: a systematic review and a roadmap to sustainable innovation. Bus Strategy Environ 30(8):4237–4257
doi: 10.1002/bse.2867
Gielen D, Boshell F, Saygin D, Bazilian MD, Wagner N, Gorini R (2019) The role of renewable energy in the global energy transformation. Energy Strategy Rev 24:38–50
doi: 10.1016/j.esr.2019.01.006
Glemarec Y (2012) Financing off-grid sustainable energy access for the poor. Energy Policy 47:87–93
doi: 10.1016/j.enpol.2012.03.032
Hafeez M, Rehman SU, Faisal CN, Yang J, Ullah S, Kaium MA, Malik MY (2022) Financial efficiency and its impact on renewable energy demand and CO2 emissions: do eco-innovations matter for highly polluted Asian economies? Sustainability 14(17):10950
doi: 10.3390/su141710950
Hametner M (2022) Economics without ecology: how the SDGs fail to align socioeconomic development with environmental sustainability. Ecol Econ 199:107490
doi: 10.1016/j.ecolecon.2022.107490
Healy N, Barry J (2017) Politicizing energy justice and energy system transitions: fossil fuel divestment and a “just transition”. Energy Policy 108:451–459
doi: 10.1016/j.enpol.2017.06.014
Hill P (1999) Tangibles, intangibles and services: a new taxonomy for the classification of output. Canad J Econ/Revue Canadienne d'Economique 32(2):426–446
doi: 10.2307/136430
Husaini DH, Lean HH (2022) Renewable and non-renewable electricity-growth nexus in Asia: the role of private power plants and oil price threshold effect. Resour Policy 78:102850
doi: 10.1016/j.resourpol.2022.102850
IEA (2017) World Energy Model Documentation 2017 Version, International Energy Agency, Paris, 2017
IRENA (2016) REmap: Roadmap for a Renewable Energy Future, 2016 edition, International Renewable Energy Agency (IRENA), Abu Dhabi, 2016. http://www.irena.org/DocumentDownloads/Publications/IRENA_REmap_2016_edition_report.pdf . Accessed 30 June 2017
Jian L, Sohail MT, Ullah S, Majeed MT (2021) Examining the role of non-economic factors in energy consumption and CO2 emissions in China: policy options for the green economy. Environ Sci Pollut Res 28:67667–67676
doi: 10.1007/s11356-021-15359-3
Kang J, Huang D (2023) Examining the effect of privatization on renewable energy consumption in the digital economy under economic patriotism: a nonlinear perspective. Sustainability 15(7):5864
doi: 10.3390/su15075864
Lei W, Ozturk I, Muhammad H, Ullah S (2022) On the asymmetric effects of financial deepening on renewable and non-renewable energy consumption: insights from China. Econ Res-Ekonomska Istraživanja 35(1):3961–3978
doi: 10.1080/1331677X.2021.2007413
Li J, Zhang X, Ali S, Khan Z (2020) Eco-innovation and energy productivity: new determinants of renewable energy consumption. J Environ Manag 271:111028
doi: 10.1016/j.jenvman.2020.111028
Li W, Cao N, Xiang Z (2023) Drivers of renewable energy transition: The role of ICT, human development, financialization, and R&D investment in China. Renew Energy 206:441–450
doi: 10.1016/j.renene.2023.02.027
Lin B, Omoju OE, Okonkwo JU (2016) Factors influencing renewable electricity consumption in China. Renew Sustain Energy Rev 55:687–696
doi: 10.1016/j.rser.2015.11.003
Mahmood N, Wang Z, Hassan ST (2019) Renewable energy, economic growth, human capital, and CO2 emission: an empirical analysis. Environmental Science and Pollution Research 26:20619–20630
Masri HA, Jaaron AA (2017) Assessing green human resources management practices in Palestinian manufacturing context: an empirical study. J Clean Prod 143:474–489
doi: 10.1016/j.jclepro.2016.12.087
Mihailova D, Schubert I, Burger P, Fritz MM (2022) Exploring modes of sustainable value co-creation in renewable energy communities. J Clean Prod 330:129917
doi: 10.1016/j.jclepro.2021.129917
Mukhtarov S, Yüksel S, Dinçer H (2022) The impact of financial development on renewable energy consumption: Evidence from Turkey. Renew Energy 187:169–176
doi: 10.1016/j.renene.2022.01.061
Munawar S, Yousaf HQ, Ahmed M, Rehman S (2022) Effects of green human resource management on green innovation through green human capital, environmental knowledge, and managerial environmental concern. J Hosp Tour Manag 52:141–150
doi: 10.1016/j.jhtm.2022.06.009
Omri A, Nguyen DK (2014) On the determinants of renewable energy consumption: international evidence. Energy 72:554–560
doi: 10.1016/j.energy.2014.05.081
Paramati SR, Apergis N, Ummalla M (2018) Dynamics of renewable energy consumption and economic activities across the agriculture, industry, and service sectors: evidence in the perspective of sustainable development. Environ Sci Pollut Res 25:1375–1387
doi: 10.1007/s11356-017-0552-7
Pesaran MH (2004) General diagnostic tests for cross section dependence in panels. CESifo Working Paper Series No. 1229; IZA Discussion Paper No. 1240. Available at SSRN: http://ssrn.com/abstract=572504 . Accessed 10 Jun 2022
Pesaran MH, Shin Y, Smith RP (1999) Pooled mean group estimation of dynamic heterogeneous panels. Journal of the American statistical Association 94(446):621–634
Rasoulinezhad E, Taghizadeh-Hesary F (2022) Role of green finance in improving energy efficiency and renewable energy development. Energy Efficiency 15(2):14
doi: 10.1007/s12053-022-10021-4
Reddy S, Painuly JP (2004) Diffusion of renewable energy technologies—barriers and stakeholders’ perspectives. Renew Energy 29(9):1431–1447
doi: 10.1016/j.renene.2003.12.003
REN21 (2020) Renewables 2020 Global Status Report. https://www.ren21.net/gsr-2020/
Sachs JD, Woo WT, Yoshino N, Taghizadeh-Hesary F (2019) Importance of green finance for achieving sustainable development goals and energy security. In: Handbook of green finance. Springer, Singapore, pp 3–12
doi: 10.1007/978-981-13-0227-5_13
Sadorsky P (2009) Renewable energy consumption and income in emerging economies. Energy Policy 37(10):4021–4028
doi: 10.1016/j.enpol.2009.05.003
Shahbaz M, Topcu BA, Sarıgül SS, Doğan M (2023) Energy imports as inhibitor of economic growth: the role of impact of renewable and non-renewable energy consumption. J Int Trade Econ Dev:1–26
Shahbaz M, Topcu BA, Sarıgül SS, Vo XV (2021) The effect of financial development on renewable energy demand: the case of developing countries. Renew Energy 178:1370–1380
doi: 10.1016/j.renene.2021.06.121
Shahsavari A, Akbari M (2018) Potential of solar energy in developing countries for reducing energy-related emissions. RenewSustain Energy Rev 90:275–291
doi: 10.1016/j.rser.2018.03.065
Sharvini SR, Noor ZZ, Chong CS, Stringer LC, Yusuf RO (2018) Energy consumption trends and their linkages with renewable energy policies in East and Southeast Asian countries: challenges and opportunities. Sustain Environ Res 28(6):257–266
doi: 10.1016/j.serj.2018.08.006
Sohail MT, Xiuyuan Y, Usman A, Majeed MT, Ullah S (2021) Renewable energy and non-renewable energy consumption: assessing the asymmetric role of monetary policy uncertainty in energy consumption. Environ Sci Pollut Res 28:31575–31584
doi: 10.1007/s11356-021-12867-0
Taghizadeh-Hesary F, Rasoulinezhad E, Shahbaz M, Vo XV (2021) How energy transition and power consumption are related in Asian economies with different income levels? Energy 237:121595
doi: 10.1016/j.energy.2021.121595
Tang CF, Shahbaz M (2013) Sectoral analysis of the causal relationship between electricity consumption and real output in Pakistan. Energy Policy 60:885–891
doi: 10.1016/j.enpol.2013.05.077
Topcu BA (2021) The impact of export, import, and renewable energy consumption on Turkey’s ecological footprint. J Econ Finance Account 8(1):31–38
Topcu BA (2023) An empirical analysis of the impact of environmental taxes, renewable energy consumption, and economic growth on environmental quality: evidence from twelve selected countries. Int J Bus Econ Stud 5(2):98–108
Topcu BA, Doğan M (2022) The effect of solar energy production on financial development and economic growth: evidence from 11 selected countries. Energy Sources Part B: Econ Plann Policy 17(1):2141377
doi: 10.1080/15567249.2022.2141377
Udin U (2020) Renewable energy and human resource development: challenges and opportunities in Indonesia. Int J Energy Econ Policy 10(2):233–237
doi: 10.32479/ijeep.8782
Ullah S, Ozturk I, Majeed MT, Ahmad W (2021) Do technological innovations have symmetric or asymmetric effects on environmental quality? Evidence from Pakistan. Journal of cleaner production 316:128239
Usman A, Ozturk I, Naqvi SMMA, Ullah S, Javed MI (2022) Revealing the nexus between nuclear energy and ecological footprint in STIRPAT model of advanced economies: fresh evidence from novel CS-ARDL model. Prog Nucl Energy 148:104220
doi: 10.1016/j.pnucene.2022.104220
Uzar U (2020) Political economy of renewable energy: does institutional quality make a difference in renewable energy consumption? Renew Energy 155:591–603
doi: 10.1016/j.renene.2020.03.172
Voulis N, Warnier M, Brazier FM (2017) Impact of service sector loads on renewable resource integration. Appl Energy 205:1311–1326
doi: 10.1016/j.apenergy.2017.07.134
Wang S, Sun L, Iqbal S (2022) Green financing role on renewable energy dependence and energy transition in E7 economies. Renew Energy 200:1561–1572
doi: 10.1016/j.renene.2022.10.067
Wei X, Ren H, Ullah S, Bozkurt C (2023) Does environmental entrepreneurship play a role in sustainable green development? Evidence from emerging Asian economies. Econ Res-Ekonomska Istraživanja 36(1):73–85
doi: 10.1080/1331677X.2022.2067887
Westerlund J (2007) Testing for error correction in panel data. Oxford Bull Econ Stats 69(6):709–748
doi: 10.1111/j.1468-0084.2007.00477.x
Wiser RH (1998) Green power marketing: increasing customer demand for renewable energy. Util Policy 7(2):107–119
doi: 10.1016/S0957-1787(98)00005-8
Xu L, Ullah S (2023) Evaluating the impacts of digitalization, financial efficiency, and education on renewable energy consumption: new evidence from China. Environ Sci Pollut Res 30(18):53538–53547
doi: 10.1007/s11356-023-25888-8
Zafar A, Ullah S, Majeed MT, Yasmeen R (2020) Environmental pollution in Asian economies: does the industrialisation matter? OPEC Energy Rev 44(3):227–248
doi: 10.1111/opec.12181
Zhang YJ, Wang W (2019) Do renewable energy consumption and service industry development contribute to CO2 emissions reduction in BRICS countries? Environ Sci Pollut Res 26:31632–31643
doi: 10.1007/s11356-019-06330-4
Zhao T, Bell L, Horner MW, Sulik J, Zhang J (2012) Consumer responses towards home energy financial incentives: a survey-based study. Energy Policy 47:291–297
doi: 10.1016/j.enpol.2012.04.070
Zhongping S, Yongjun G, Yunbao X, Qifeng X, Andlib Z (2023) Green financial investment and its influence on economic and environmental sustainability: does privatization matter? Environ Sci Pollut Res:1–14