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Author:

Ibrahiem, Dalia M. (Ibrahiem, Dalia M..) | Houssam, Nourhane (Houssam, Nourhane.) | Esily, Rehab R. (Esily, Rehab R..) | Sethi, Narayan (Sethi, Narayan.) | Fouad, Hanaa (Fouad, Hanaa.)

Indexed by:

Scopus SCIE

Abstract:

Utilizing renewable energy is a necessity for accomplishing global agendas, including combating climate change and promoting sustainable development programs. Although much literature has investigated the nexus between energy sources and their affected regressors during the last few years, no appreciable emphasis is available in the previous studies respecting the influence of the energy trilemma index and economic expansion on the influence of the energy trilemma index and economic the renewables in N11 economies. Therefore, the current study analyzes the crucial influencing factors, including the energy trilemma, economic growth, economic complexity, financial development, and urban population, as drivers of renewable energy in N11 economics from 1990 to 2021 by utilizing a panel quantile regression approach. The empirical outcomes certify that renewable energy is positively connected with the energy trilemma, economic growth, financial development, and urban population, but not with economic complexity, which has the inverse result. As a result, legislators responsible for monitoring the deployment of renewables should stimulate their attempts to consider the energy trilemma dimensions into account when determining energy structural policies, increase the use of greener energy subsidies, pose highcarbon taxes, promote green financial innovation, and improve energy efficiency.

Keyword:

Financial development N11 economics Energy trilemma index Economic growth Urbanization Renewable energy

Author Community:

  • [ 1 ] [Ibrahiem, Dalia M.]Cairo Univ, Fac Econ & Polit Sci, Giza 12613, Egypt
  • [ 2 ] [Fouad, Hanaa]Cairo Univ, Fac Econ & Polit Sci, Giza 12613, Egypt
  • [ 3 ] [Houssam, Nourhane]Natl Ctr Social & Criminol Res, Giza 11561, Egypt
  • [ 4 ] [Esily, Rehab R.]Damietta Univ, Fac Commerce, Dumyat 22052, Egypt
  • [ 5 ] [Sethi, Narayan]Natl Inst Technol Rourkela, Dept Humanities & Social Sci, Rourkela 769008, Odisha, India
  • [ 6 ] [Esily, Rehab R.]Beijing Univ Technol, Sch Econ & Management, Beijing 100022, Peoples R China

Reprint Author's Address:

  • [Sethi, Narayan]Natl Inst Technol Rourkela, Dept Humanities & Social Sci, Rourkela 769008, Odisha, India;;

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Source :

HELIYON

Year: 2024

Issue: 17

Volume: 10

4 . 0 0 0

JCR@2022

Cited Count:

WoS CC Cited Count: 2

SCOPUS Cited Count: 2

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 12

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