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OIL PRICES AND RENEWABLE ENERGY: OIL DEPENDENT COUNTRIES

Yıl 2019, Cilt: 3 Sayı: 2, 139 - 152, 27.10.2019

Öz

Volatility in oil prices is argued to be one of the reasons of the rising attractiveness of renewable energy as a way to lower oil dependence, which creates vulnerability to oil price shocks. However, the scenario can be different for oil importing and oil exporting economies. This study investigates the impact of oil price on renewable energy taking into account of the distinction between oil exporters and oil importers. For a group of major oil exporters and a group of major importers, the relationship between oil price volatility and renewable energy, is examined using different methodologies. The results reflect distinct results for oil exporters and oil importers due to their diverse motivations.

Kaynakça

  • Apergis, N., & Payne, J. E. (2010a). Renewable energy consumption and economic growth: evidence from a panel of OECD countries. Energy policy, 38(1), 656-660.
  • Apergis, N., & Payne, J. E. (2010b). Renewable energy consumption and growth in Eurasia. Energy Economics, 32(6), 1392-1397.
  • Apergis, N., & Payne, J. E. (2011). The renewable energy consumption–growth nexus in Central America. Applied Energy, 88(1), 343-347.
  • BP Statistical Review of World Energy (2017, June). Retrieved from: https://www.bp.com/content/dam/ bp/en/corporate/pdf/energy-economics/statistical-review-2017/bp-statistical-review-of-worldenergy-2017-full-report.pdf, 22 December 2017.
  • CIA (2017) World Factbook. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/, 22 December 2017.
  • Dike, J. C. (2013). Measuring the security of energy exports demand in OPEC economies. Energy Policy, 60, 594-600.
  • Eurostat (2017). Retrieved from: http://ec.europa.eu/eurostat/statistics-explained/index.php/Energy_ production_and_imports, 22 December 2017.
  • Forbes (2017). Retrieved from: https://www.forbes.com/sites/kenrapoza/2016/02/09/europe-devisesenergy- security-measures-to-reduce-russia-dependence/#64c9fbe235cb, 22 December 2017.
  • IEA (2017). Key world energy statistics. Retrieved from: https://www.iea.org/publications/freepublications/ publication/KeyWorld2017.pdf, 22 December 2017. Pınar DENİZ 152
  • Khan, M. I., Yasmeen, T., Shakoor, A., Khan, N. B., & Muhammad, R. (2017). 2014 oil plunge: Causes and impacts on renewable energy. Renewable and Sustainable Energy Reviews, 68, 609-622.
  • Menyah, K., & Wolde-Rufael, Y. (2010). CO 2 emissions, nuclear energy, renewable energy and economic growth in the US. Energy Policy, 38(6), 2911-2915.
  • Omri, A., & Nguyen, D. K. (2014). On the determinants of renewable energy consumption: International evidence. Energy, 72, 554-560.
  • OPEC (2017) World Oil Outlook. Retrieved from: https://woo.opec.org/index.php, 22 December 2017.
  • OPEC (2017). Retrieved from: http://www.opec.org/opec_web/en/data_graphs/330.htm, 22 December 2017.
  • Sadorsky, P. (2009a). Renewable energy consumption, CO 2 emissions and oil prices in the G7 countries. Energy Economics, 31(3), 456-462.
  • Sadorsky, P. (2009b). Renewable energy consumption and income in emerging economies. Energy policy, 37(10), 4021-4028.
  • Van de Graaf, T. (2017). Is OPEC dead? Oil exporters, the Paris agreement and the transition to a postcarbon world. Energy Research & Social Science, 23, 182-188.
Yıl 2019, Cilt: 3 Sayı: 2, 139 - 152, 27.10.2019

Öz

Kaynakça

  • Apergis, N., & Payne, J. E. (2010a). Renewable energy consumption and economic growth: evidence from a panel of OECD countries. Energy policy, 38(1), 656-660.
  • Apergis, N., & Payne, J. E. (2010b). Renewable energy consumption and growth in Eurasia. Energy Economics, 32(6), 1392-1397.
  • Apergis, N., & Payne, J. E. (2011). The renewable energy consumption–growth nexus in Central America. Applied Energy, 88(1), 343-347.
  • BP Statistical Review of World Energy (2017, June). Retrieved from: https://www.bp.com/content/dam/ bp/en/corporate/pdf/energy-economics/statistical-review-2017/bp-statistical-review-of-worldenergy-2017-full-report.pdf, 22 December 2017.
  • CIA (2017) World Factbook. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/, 22 December 2017.
  • Dike, J. C. (2013). Measuring the security of energy exports demand in OPEC economies. Energy Policy, 60, 594-600.
  • Eurostat (2017). Retrieved from: http://ec.europa.eu/eurostat/statistics-explained/index.php/Energy_ production_and_imports, 22 December 2017.
  • Forbes (2017). Retrieved from: https://www.forbes.com/sites/kenrapoza/2016/02/09/europe-devisesenergy- security-measures-to-reduce-russia-dependence/#64c9fbe235cb, 22 December 2017.
  • IEA (2017). Key world energy statistics. Retrieved from: https://www.iea.org/publications/freepublications/ publication/KeyWorld2017.pdf, 22 December 2017. Pınar DENİZ 152
  • Khan, M. I., Yasmeen, T., Shakoor, A., Khan, N. B., & Muhammad, R. (2017). 2014 oil plunge: Causes and impacts on renewable energy. Renewable and Sustainable Energy Reviews, 68, 609-622.
  • Menyah, K., & Wolde-Rufael, Y. (2010). CO 2 emissions, nuclear energy, renewable energy and economic growth in the US. Energy Policy, 38(6), 2911-2915.
  • Omri, A., & Nguyen, D. K. (2014). On the determinants of renewable energy consumption: International evidence. Energy, 72, 554-560.
  • OPEC (2017) World Oil Outlook. Retrieved from: https://woo.opec.org/index.php, 22 December 2017.
  • OPEC (2017). Retrieved from: http://www.opec.org/opec_web/en/data_graphs/330.htm, 22 December 2017.
  • Sadorsky, P. (2009a). Renewable energy consumption, CO 2 emissions and oil prices in the G7 countries. Energy Economics, 31(3), 456-462.
  • Sadorsky, P. (2009b). Renewable energy consumption and income in emerging economies. Energy policy, 37(10), 4021-4028.
  • Van de Graaf, T. (2017). Is OPEC dead? Oil exporters, the Paris agreement and the transition to a postcarbon world. Energy Research & Social Science, 23, 182-188.
Toplam 17 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Pınar Deniz 0000-0001-5693-1144

Yayımlanma Tarihi 27 Ekim 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 3 Sayı: 2

Kaynak Göster

APA Deniz, P. (2019). OIL PRICES AND RENEWABLE ENERGY: OIL DEPENDENT COUNTRIES. Journal of Research in Economics, 3(2), 139-152.