The impact of natural resources on renewable energy consumption

Zhanbing Han, Abdulrasheed Zakari, Ik Joong Youn and Vincent Tawiah

Resources Policy, 2023, vol. 83, issue C

Abstract: In this paper, we examine the relationship between natural resources and renewable energy consumption. We employ robust econometric modelling on a large sample of 162 developed and developing countries between 1990 and 2021. Consistent with expectation, we find a positive and significant association between natural resources and renewable energy consumption, suggesting that the extraction of natural resources promotes renewable energy consumption. Contrary to prior studies, we find that oil-producing countries have high renewable energy consumption. In cross-sectional analyses we found that relationship between natural resources and renewable energy consumption is stronger in developed countries than developing countries. Our results are robust to advanced econometric identification such as autoregressive fixed effect modelling and two-step system generalized method of movement. These findings extend the debate on the role of natural resources in the greening of economic recovery.

Keywords: Renewable energy; Natural resources; Environmental sustainability; Green recovery (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723004038
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:jrpoli:v:83:y:2023:i:c:s0301420723004038

DOI: 10.1016/j.resourpol.2023.103692

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

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