Renewable electricity and sustainable development goals in the EU

Ranjula Bali Swain and Amin Karimu

World Development, 2020, vol. 125, issue C

Abstract: Renewable energy (RE) has a strong synergy with some of the sustainable development goals (SDGs), thus its successful deployment can potentially result in an impact on these SDGs. In this study, we examine the synergy effect of renewable electricity on selected SDGs via the electricity prices for the European Union (EU) countries. Using panel data and a two-step estimation approach, our findings indicate a strong synergy effect between renewable electricity prices, SDG 7 (affordable and clean energy) and SDG 8 (decent work and economic growth). The results further reveal that SDG 12 (responsible production and consumption) accounts for most of the future renewable electricity price variation (excluding self-effect), whereas future variation in SDG 7 (affordable and clean energy) and SDG 13 (climate action) are explained mostly by SDG 8 and SDG 12, respectively.

Keywords: Sustainable development goals; Electricity price; Renewable energy; EU (search for similar items in EconPapers)
JEL-codes: O14 Q41 Q42 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:125:y:2020:i:c:s0305750x19303419

DOI: 10.1016/j.worlddev.2019.104693

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