Do geopolitical risks facilitate the global energy transition? Evidence from 39 countries in the world

Shanyong Wang, Jing Wang and Wenfu Wang

Resources Policy, 2023, vol. 85, issue PB

Abstract: Geopolitical risks exert a profoundly detrimental impact on global economy, investment and resource security. Do geopolitical risks affect the worldwide energy transition remains open and controversial. To complement research related to geopolitical risks and energy transition, this research checks the influence of geopolitical risks on energy transition. Based on data collected from 39 countries from 2003 to 2019, it reveals that geopolitical risks exert a promotion influence on energy transition, including energy consumption transition and energy production transition. Moreover, the influence of geopolitical risks on energy transition can be further amplified by improving financial incentive, energy efficiency level and government governance capacity. That is, financial incentive, energy efficiency level and government governance capacity can positively moderate the influence of geopolitical risks on energy transition. Additionally, heterogeneous analysis further uncovers that the influence of geopolitical risks on energy transition varies across economic level and regions. Specifically, the influence of geopolitical risks on energy production transition is relatively high in European and American developed countries, while the influence of geopolitical risks on energy consumption transition is more obvious in Asian, African and Latin American developing countries. Current findings are valuable for governments and scholars to promote energy transition.

Keywords: Geopolitical risks; Energy transition; Financial incentive; Energy efficiency level; Government governance capacity (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723006633
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:85:y:2023:i:pb:s0301420723006633

DOI: 10.1016/j.resourpol.2023.103952

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 ().