The threshold effect of solar energy development from change in energy prices: evidence from Turkey and OECD

Year 2021, Volume: 2 Issue: 1, 9 - 18, 24.11.2021

Ahmet İkiz

Abstract

With the phenomenon of sustainable development gaining momentum, many economies around the world are substituting non-renewable energy production with the renewable sources of energy like biomass, hydro, solar energy, wind, or geothermal energy. Not only do contemporary sustainable power generation systems help preserve the environment., but they also provide macro-economic benefits such as increase in employment opportunities, reduction in trade deficit, and enhanced economic growth. Among various sources of renewable energy, solar energy is one of the most popular ones.This study aims to examine the threshold effect of solar energy development from change in energy prices in case of Turkey and OECD for the period 2000 to 2019. The analysis depicts that currently there is more energy generation in OECD countries compared to Turkey but with high variability, there is more scope of rise in solar energy development in case of Turkey. Further, as OECD countries are more economically developed thus, there is positive and significant influence of energy prices on the solar energy development while for Turkey solar energy development is unresponsive to energy prices.

Keywords

solar energy

Güneş enerjisi kullanımının enerji fiyatları değişimi karşısında eşik etkisi analizi. Türkiye örneği

Abstract

Sürdürülebilir kalkınma düşüncesinin gelişmesi ile Dünya üzerinde pek çok yerde yenilenemez enerji kaynakları yenilenebilir enerji kaynakları olan biomas, rüzgar, güneş ve jeotermal enerji kaynakları ile değiştirilmeye başlanmıştır. Bu çağdaş enerji üretimi yöntemleri yalnızca çevreyi korumaz fakat aynı zamanda makro ekonomik alanda istihdamı arttırıcı, dış ticareti azaltıcı ve milli geliri arttırıcı etki yapar. Bu yenilenebilir enerji türleri arasında güneş enerjisi önemli bir yere sahiptir. Bu çalışma OECD ülkeleri ve Türkiye arasındaki enerji fiyatlarındaki değişme ile güneş enerjisi kullanımı arasındaki ilişkiyi 2000 yılı sonrasındaki dönem için eşik etkisi analizi ile incelemeye yöneliktir. OECD ülkelerinde bu tür enerji üretimi Türkiye’den yüksek iken ülkemizde üretim artış hızı daha yüksektir. Ayrıca OECD ülkelerinin gelişmişlik düzeyi itibari ile enerji fiyatlarındaki değişime karşı güne enerjisi kullanımı artarken Türkiye’de aynı trend görülmemektedir.

Keywords

güneş enerjisi,, OECD, Türkiye

References

• A, H. K. O., Yilanci, A., & Atalay, O. (2007). Past , present and future status of electricity in Turkey and the share of energy sources. Renewable and Sustainable Energy Reviews ·, February. https://doi.org/10.1016/j.rser.2005.01.003
• Ackah, I., Alabi, O., & Lartey, A. (2016). Analysing the efficiency of renewable energy consumption among oil-producing African countries. 316–334.
• Akan, M. övül A., Selam, A. A., Oktay Firat, S. ümit, Er Kara, M., & özel, S. (2015). A Comparative analysis of renewable energy use and policies: Global and turkish perspectives. Sustainability (Switzerland), 7(12), 16379–16407. https://doi.org/10.3390/su71215820
• Biresselioglu, M. E. (2012). The Contribution of Renewables in Turkish Energy Security. Turkish Studies, 13(4), 615–632. https://doi.org/10.1080/14683849.2012.746427
• Chang, T., Huang, C., & Lee, M. (2009). Threshold effect of the economic growth rate on the renewable energy development from a change in energy price : Evidence from OECD countries $. Energy Policy, 37(12), 5796–5802. https://doi.org/10.1016/j.enpol.2009.08.049
• Chen, C., Pinar, M., & Stengos, T. (2020). Renewable energy consumption and economic growth nexus : Evidence from a threshold model. Energy Policy, 139(December 2019), 111295. https://doi.org/10.1016/j.enpol.2020.111295
• Comakli, K., Kaya, M., & Sahin, B. (2008). Renewable energy sources for sustainable development in Turkey. Energy Exploration & Exploitation, 26(2), 83–110.
• Dogan, I., Topalli, N., & Tuluce, N. S. H. (2015). Threshold Effects of Renewable Energy Consumption Among the G20 Countries : Asymptotic and Bootstrap Test for Linearity and Non-linearity in a TAR Approach
• Erdil, A., & Erbıyık, H. (2015). Renewable Energy Sources of Turkey and Assessment of Sustainability. Procedia - Social and Behavioral Sciences 207, 207, 669–679. https://doi.org/10.1016/j.sbspro.2015.10.137
• Erdin, C., & Ozkaya, G. (2019). Turkey ’ s 2023 Energy Strategies and Investment Opportunities for Renewable Energy Sources : Site Selection Based on ELECTRE. October 1973. https://doi.org/10.3390/su11072136
• IRENA. (2012). Renewable energy technologies: Cost Analysis series. 1(4).
• IRENA. (2019). Future of Solar Photovoltaic Deployment , investment , technology , grid integration and socio-economic aspects.
• Kalehsar, O. S. (2019). Energy Insecurity in Turkey: Opportunities for Renewable Energy. In ADBI Working Paper Series (Issue 1058).
• OECD. (2007). OECD Contribution to the United Nations Commission on Sustainable Development 15 Energy for Sustainable Development. http://eudevdays.eu/topics/energy-sustainable-development-0
• OECD. (2010). Electricity : Renewables and Smart Grids.
• Qi, S., & Li, Y. (2018). Threshold effects of renewable energy consumption on economic growth under energy transformation. Chinese Journal of Population Resources and Environment, 00(00), 1–10. https://doi.org/10.1080/10042857.2017.1416049
• SEforALL. (2013). Renewable Energy Overlook.
• Topkaya, S. O. (2012). A discussion on recent developments in Turkey ’ s emerging solar power market. Renewable and Sustainable Energy Reviews, 16(6), 3754–3765. https://doi.org/10.1016/j.rser.2012.03.019
• U.S. Energy Information Administration. (2016). Energy-related CO2 emissions. In International Energy Outlook 2016 (Vol. 2016). https://www.eia.gov/forecasts/ieo/pdf/emissions.pdf
• UNDP. (2014). Renwable Energy Snapshot: Turkey.
• Xie, F., Liu, C., Chen, H., & Wang, N. (2018). Threshold Effects of New Energy Consumption Transformation on Economic Growth. https://doi.org/10.3390/su10114124