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The impact of natural disaster on renewable energy: the role of foreign direct investment and infrastructure in Asia

The impact of natural disaster on renewable energy: the role of foreign direct investment and infrastructure in Asia

Title : The Impact of Natural Disaster on Renewable Energy: The Role of Foreign Direct Investment and Infrastructure in Asia

Authors:

  1. Yessi Rahmawati
  2. Rossanto Dwi Handoyo
  3. Deni Kusumawardani & Widya Sylviana

Department : Economics

Journal Name : Transition Towards a Carbon Free Future

Kinds of Journal: –

Keywords: –

Abstract:

The present research aims to address the empirical gap in understanding the impact of natural disasters on renewable energy consumption, specifically examining the role of foreigign direct investment (FDI) and infrastructure. Data Panel from 27 Selected Countries in Asia is utilized to explore the relationship between these variables using a two-step generalized method of moments (GMM) approach. The dataset spans the period from 2010 to 2020, and secondary data from the world bank and the center for research on the epidemiology of disasters (CRED) is employee. The Study CionSiders Renewable Energy Consumption as the Dependent Variable, with Lagged Renewable Energy, Affected People, and Infrastructure Serving as Independent Variables. Additionally, gross domestic product per capita (GDPP) is included as a control variable to enhance robustness data. The Findings of the Research Can Be Summarized in Three Main Points. Firstly, the lagged renewable energy variable exhibits a positive and significant effect on renewable energy consumption. This is suggested that the previous year's renewable energy levels have a consultable influence on the subsement year's consumption, indicating the persistence of renewable energy usage. Secondly, an increase in infrastructure is found to have a statistical significant impact on renewable energy consumption in the selected asian country. This highlights the importance of developing and improving sustainable infrastructure to support the growth of renewable energy sectors. Lastly, the unexpected negative relationship between GDPP and renewable energy consumption suggests that middle-sales countries may face challenges in adopting renewable energy due to insufficient technological advancements and infrastructure

For details : https://link.springer.com/chapter/10.1007/978-3-031-61660-0_12