The nexus between Russian uranium exports and US nuclear-energy consumption: Do the spillover effects of geopolitical risks matter?

Md. Monirul Islam, Muhammad Shahbaz and Nahla Samargandi

Energy, 2024, vol. 293, issue C

Abstract: Geopolitical risks significantly impact global energy consumption, hindering material trade and influencing policy decisions. Specifically, the Russian uranium supply for US nuclear energy production faces geopolitical risks despite being exempt from ongoing sanctions imposed by Western and European entities during the Russia-Ukraine conflict. We investigate the effect of global, Russian, and US geopolitical risks on US nuclear-energy consumption driven by Russian uranium exports from January 1996 to December 2019. The cross-quantilogram analysis reveals a negative influence of global geopolitical risks on Russian uranium export-driven US nuclear-energy consumption in lower quantiles, and a positive effect in medium to upper quantiles under long memory. Interestingly, Russian geopolitical risks do not have any significant effect, while US geopolitical risks positively impact from the medium to upper quantiles in extended memory. Hence, our policy suggestion is solely concerned with adequately dealing with global geopolitical risks under the global governance platform to enhance worldwide uranium trade for nuclear energy consumption in the USA.

Keywords: Russian uranium exports; US nuclear-energy consumption; Spillover effects; Geopolitical risks; Cross-quantilogram procedure; Wavelet coherence technique (search for similar items in EconPapers)
JEL-codes: B17 P28 Q Q41 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:293:y:2024:i:c:s0360544224002524

DOI: 10.1016/j.energy.2024.130481

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