Does Energy Mix Matter? Assessment of the Impacts of Renewable Energy on Environmental Sustainability Outcomes in Selected OECD Countries
Year: 2014
Type: dissertation
Abstract: The World Bank Group's President, Jim Yong Kim, declared 2014 "the year to take action on climate change" (Kim, 2014).Investment in renewable energy is one of the key mechanisms for alleviating environmental impacts of energy production.Many political leaders and businesses around the world recognize the necessity of switching from relying primarily upon finite nonrenewable sources to a more diversified energy mix composed not only of fossil fuels, but also of nuclear energy and renewable energy sources.Renewable energy policies are frequently justified by their proponents as a means to create so-called "green jobs" and to achieve improvement in environmental conditions.The general assumption is that promoting renewable energy production accomplishes both economic and environmental goals.Many authors have technological dependency on fossil fuels might be viable options to promote the reduction of CO 2 emissions.From a policy perspective, these findings suggest that pursuing policies designed to increase the relative use of renewable energy can be expected to have environmental benefits, but that stronger policies would be needed in order achieve the desired environmental outcomes set by the United Nations' Kyoto Protocol.
Author: Ekaterina V. Glandon
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W81297149