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

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 effe...

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Bibliographic Details
Published in:Energy policy 2010-11, Vol.38 (11), p.6877-6885
Main Authors: Marques, António C., Fuinhas, José A., Pires Manso, J.R.
Format: Article
Language:English
Subjects:
Alternative energy
Applied sciences
Carbon dioxide
Carbon emissions
Coal
Drivers
Economic data
Economic dependence
Economic models
Energy
Energy consumption
Energy economics
Energy planning
Energy policy
EU directives
Europe
European Union
Exact sciences and technology
Fixed effect with decomposition vector
General, economic and professional studies
Lobbying
Mathematical analysis
Methodology. Modelling
Motivation
Natural energy
Natural gas
Panel data
Panel data models
Panels
Petroleum industry
Renewable energy
Renewable energy Panel data models Fixed effect with decomposition vector
Renewable energy sources
Renewable resources
Studies
Vectors (mathematics)
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Summary: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 CO 2 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.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2010.07.003