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Does renewable energy redefine geopolitical risks?
Energy Policy ( IF 9 ) Pub Date : 2021-09-10 , DOI: 10.1016/j.enpol.2021.112566
Chi-Wei Su 1 , Khalid Khan 2 , Muhammad Umar 1 , Weike Zhang 3
Affiliation  

For the purpose of this research, we use the rolling window method in order to examine the relationship between global geopolitics risks and renewable energy. The results display a two-way causality between geopolitics risks and renewable energy that are spread across various sub-samples. This shows that geopolitical risks play an important role in the advent of renewable energy primarily because of the energy security, rare metal competition, and trade disputes that are put forth, which stimulate the transition to renewable energy. On the other hand, renewable energy has a significant impact on geopolitical risks that are driven by global economic growth, rising fossil fuels prices and technological innovations. The findings also support the classical production model, which reveals that geopolitical risks and renewable energy have a mutual relationship with one another. Further in this regard, renewable energy is capable of accommodating new powers in the international political system. This aspect is more useful for international peace, and may also reduce geopolitical risks. Therefore, the transition to renewable energy is beneficial to the energy supply and security. Therefore, the governments of the world should encourage the private sector to participate in renewable energy projects, by providing special incentives for this purpose.



中文翻译:

可再生能源是否重新定义了地缘政治风险?

出于本研究的目的,我们使用滚动窗口法来检验全球地缘政治风险与可再生能源之间的关系。结果显示地缘政治风险与分布在各个子样本中的可再生能源之间存在双向因果关系。这表明地缘政治风险在可再生能源的出现中发挥着重要作用,主要是由于能源安全、稀有金属竞争和贸易争端的出现,刺激了向可再生能源的转型。另一方面,可再生能源对全球经济增长、化石燃料价格上涨和技术创新驱动的地缘政治风险产生重大影响。研究结果也支持经典的生产模型,这揭示了地缘政治风险与可再生能源之间的相互关系。此外,在这方面,可再生能源能够在国际政治体系中容纳新的力量。这方面对国际和平更有用,也可能降低地缘政治风险。因此,向可再生能源转型有利于能源供应和安全。因此,世界各国政府应通过为此提供特殊激励措施来鼓励私营部门参与可再生能源项目。向可再生能源过渡有利于能源供应和安全。因此,世界各国政府应通过为此提供特殊激励措施来鼓励私营部门参与可再生能源项目。向可再生能源过渡有利于能源供应和安全。因此,世界各国政府应通过为此提供特殊激励措施来鼓励私营部门参与可再生能源项目。

更新日期:2021-09-10
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