The dynamic relationship between climate policy uncertainty and renewable energy in the US: Applying the novel Fourier augmented autoregressive distributed lags approach

Qasim Raza Syed, Nicholas Apergis () and Soo Khoon Goh

Energy, 2023, vol. 275, issue C

Abstract: Renewable energy consumption is deemed imperative to attain higher economic growth without affecting environmental degradation. Hence, probing its influencing factors is an indispensable field of research in the literature on energy economics. The existing literature discerns several influencing factors of renewable energy consumption, however, the dynamic relationship between climate policy uncertainty and renewable energy consumption remains ignored. Hence, we probe the dynamic impact of climate policy uncertainty on renewable energy consumption. Using monthly dataset for the US, the findings from the novel Fourier augmented autoregressive distributed lag model reveal that climate policy uncertainty plunges renewable energy consumption across the long- and short-run. Finally, the study proposes to reduce the uncertainty in climate policies to upsurge renewable energy consumption.

Keywords: Renewable energy; Fourier augmented ARDL approach; Climate policy uncertainty; SOR unit Root test (search for similar items in EconPapers)
JEL-codes: C22 Q20 Q50 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544223007776
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:275:y:2023:i:c:s0360544223007776

DOI: 10.1016/j.energy.2023.127383

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().