The use of non-renewable resources emits a high quantity of CO2 into environment, leading to a greenhouse effect, to reduce CO2 emissions all countries have shifted to use renewable energy sources. Therefore, this study re-examines the effect of renewable energy consumption on economic growth across 38 renewable-energy-consuming countries from 1990 to 2018. The dynamic ordinary least squares (DOLS), fully modified ordinary least squares (FMOLS) and heterogeneous non-causality approaches are applied. The empirical analysis confirms the presence of a long-run relationship between renewable energy consumption and economic growth. Further, we noted that renewable energy, non-renewable energy, capital and labor have positive impact on economic growth, particularly, renewable energy consumption has a positive impact on economic growth for 58% of the sample countries. The empirical results suggest that international cooperation agencies, energy organizers, governments, and associated bodies must act together in increasing renewable energy investment for low carbon growth in most of these economies.

中文翻译：

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可再生能源消费对经济增长的影响：来自可再生能源国家吸引力指数的证据

使用不可再生资源会向环境中排放大量二氧化碳，导致温室效应，为了减少二氧化碳排放，所有国家都已转向使用可再生能源。因此，本研究重新审视了 1990 年至 2018 年 38 个可再生能源消费国的可再生能源消费对经济增长的影响。动态普通最小二乘法 (DOLS)、完全修正普通最小二乘法 (FMOLS) 和异质非因果关系方法被应用。实证分析证实了可再生能源消费与经济增长之间存在长期关系。此外，我们注意到可再生能源、不可再生能源、资本和劳动力对经济增长具有积极影响，特别是，可再生能源消费对 58% 的样本国家的经济增长产生了积极影响。实证结果表明，国际合作机构、能源组织者、政府和相关机构必须共同行动，增加对大多数这些经济体的低碳增长的可再生能源投资。