Exploring the impact of green energy and consumption on the sustainability of natural resources: Empirical evidence from G7 countries. (August 2022)

• Record Type: Journal Article
• Authors: Chau, Ka Yin; Moslehpour, Massoud; Tu, Yu-Te; Tai, Nguyen Tan; Tien, Nguyen Hoang; Huy, Pham Quang
• Is Part Of: Renewable energy. Volume 196(2022)
• Page Start: 1241
• Page End: 1249
• Publication Date: 2022-08
• Subjects: Green energy -- Renewable energy production -- Sustainability -- Natural resources renewable energy consumption; Renewable energy sources -- Periodicals; Power resources -- Periodicals; Énergies renouvelables -- Périodiques; Ressources énergétiques -- Périodiques; 333.794
• DOI: 10.1016/j.renene.2022.07.085
• Languages: English
• ISSNs: 0960-1481

Abstract

Abstract: The sustainability of natural resources has become a global issue that requires the focus of recent literature and policymakers. This article reports an empirical investigation on the impact of green energy exploration and consumption (renewable energy production, renewable energy consumption, and combustible renewable waste) on the sustainability of natural resources (natural resources rent) across Group of Seven (G7) countries. For this purpose, secondary data were extracted from the World Bank Indicators (WDI) between 2001 and 2019 and the Method of Moments Quantile Regression (MMQR) was used to test the relationships between the constructs. The results showed that green energy exploration and consumption have a positive relationship with the sustainability of the natural resources of G7 countries. This study offers both theoretical and practical significance particularly for relevant authorities to formulate and implement policies regarding the sustainability of natural resources. Highlights: Green energy and energy consumption significantly impact the sustainability of the natural resources. Renewable energy production provides various benefits to the natural resources rent. Renewable energy elements contribute a significant proportion toward the sustainability of natural resource rents.