Motivations driving renewable energy in European countries: A panel data approach

António Marques (), José Alberto Fuinhas () and Jose Ramos Manso

Energy Policy, 2010, vol. 38, issue 11, 6877-6885

Abstract: Despite the increasing amount of literature available on renewable energy, the empirical analysis about drivers promoting renewables remains scarce. We have analyzed those drivers for European Countries. Over an extended period of time (1990-2006) we used panel data techniques, namely the fixed effects vector decomposition. The results suggest that both the lobby of the traditional energy sources (oil, coal, and natural gas) and CO2 emissions restrain renewable deployment. The objective of reducing energy dependency appears to stimulate renewable energy use. Our results robustly support the EU decision to create a directive promoting the use of renewable sources (Directive 2001/77/EC). We also offer suggestions with regards to the design of appropriate policies towards renewable energy deployment.

Keywords: Renewable; energy; Panel; data; models; Fixed; effect; with; decomposition; vector (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (213)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301-4215(10)00525-2
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:enepol:v:38:y:2010:i:11:p:6877-6885

Access Statistics for this article

Energy Policy is currently edited by N. France

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