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Foreign direct investment and renewable energy in climate change mitigation: Does governance matter?
Journal of Cleaner Production ( IF 9.7 ) Pub Date : 2020-03-25 , DOI: 10.1016/j.jclepro.2020.121262
Samuel Asumadu Sarkodie , Samuel Adams , Thomas Leirvik

Climate change mitigation is a topical issue with growing debate in the context of the renewable energy transition, global partnership, governance, and economic growth. The complexness of climate change makes it difficult to predict relationships and formulate policies across varied countries. Motivated by the core mandate of the Kyoto Protocol, we examined the individual, combined and interactive impact of growth in income, renewable energy, foreign direct investment, and governance on greenhouse gas emissions. We decomposed the relationships to account for the theories of scale effect, composition effect and technique effect. The study utilized a dynamic heterogeneous estimation technique with a panel data from 1990 to 2017 in 47 Sub-Saharan African countries. Our adopted empirical framework made it possible to account for heterogeneity, a situation that may be prevalent in countries with varied economic and environmental policies. The empirical results revealed that increasing the share of renewable energy by 1% declines greenhouse gas emissions by as much as 35.32% (95% Confidence interval) while a 1% increase in the coupling effect of income level, governance, and renewable energy consumption intensifies climate change by 0.79%. The interactive effects of scale, composition, and technique indicators were found to worsen climate change. The decoupling effect revealed that while foreign direct investment, income level, and governance exacerbate climate change, renewable energy consumption lessens climate change and its impact. From a policy perspective, the magnitude of the technique effect of renewable energy consumption depends on, inter alia, its share in the energy portfolio, technological innovation, and country-specific policy instruments. The study demonstrated that decoupling renewable energy from economic growth propels the transition from fossil fuels, leading to energy efficiency— explaining the decline in climate change.



中文翻译:

缓解气候变化的外国直接投资和可再生能源:治理重要吗?

在可再生能源过渡,全球伙伴关系,治理和经济增长的背景下,减缓气候变化是一个热门话题,引起了越来越多的争论。气候变化的复杂性使得难以预测各个国家之间的关系并制定政策。受《京都议定书》核心任务的激励,我们研究了收入增长,可再生能源,外国直接投资以及治理对温室气体排放的单独,联合和互动的影响。我们将这些关系分解以解释规模效应,构成效应和技术效应的理论。该研究利用动态异质估计技术获得了1990年至2017年撒哈拉以南非洲47个国家的面板数据。我们采用的经验框架使解决异质性成为可能,这种情况在具有不同经济和环境政策的国家可能普遍存在。实证结果表明,将可再生能源的份额提高1%,可使温室气体排放减少多达35.32%(置信区间为95%),而收入水平,治理和可再生能源消费的耦合效应提高1%,则加剧气候变化了0.79%。发现规模,组成和技术指标的相互作用会加剧气候变化。这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 实证结果表明,将可再生能源的份额提高1%,可使温室气体排放减少多达35.32%(置信区间为95%),而收入水平,治理和可再生能源消费的耦合效应提高1%,则加剧气候变化了0.79%。发现规模,组成和技术指标的相互作用会加剧气候变化。这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 实证结果表明,将可再生能源的份额提高1%,可使温室气体排放减少多达35.32%(置信区间为95%),而收入水平,治理和可再生能源消费的耦合效应提高1%,则加剧气候变化了0.79%。发现规模,组成和技术指标的相互作用会加剧气候变化。这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 32%(置信区间为95%),而收入水平,治理和可再生能源消耗的耦合效应提高1%,则气候变化加剧了0.79%。发现规模,组成和技术指标的相互作用会加剧气候变化。这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 32%(置信区间为95%),而收入水平,治理和可再生能源消耗的耦合效应提高1%,则气候变化加剧了0.79%。发现规模,组成和技术指标的相互作用会加剧气候变化。这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于 这种脱钩效应表明,尽管外国直接投资,收入水平和治理加剧了气候变化,但可再生能源消耗却减轻了气候变化及其影响。从政策的角度来看,可再生能源消耗的技术效果大小取决于除其他外,其在能源组合,技术创新和针对特定国家的政策工具中所占的份额。这项研究表明,将可再生能源与经济增长脱钩会推动从化石燃料的过渡,从而提高能源效率,这说明了气候变化的下降。

更新日期:2020-03-26
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