Exploring the Economic and Noneconomic Determinants of Investments in Renewable Energy
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This paper explores the determinants of renewable energy investments along with other economic and noneconomic variables in both developed and developing economies.
The findings of this paper indicate that industrial growth, environmental taxes, social globalization, and climate vulnerability positively influence renewable energy investments in developed economies, while inflation and political instability have negative impacts. In developing economies, environmental taxes, social globalization, environmental technologies, and climate vulnerability are beneficial, while industrial growth and oil prices have adverse effects. These factors are valuable information for policymakers to create specific strategies to meet global sustainability goals.
Contents
- Introduction
- Theoretical Background and Literature
- Material and Methods
- Results and Analysis
- Conclusion and Policy Implications
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