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Renewable Energy Sources and Energy Poverty

Munzert, Marie Luise Fiona LU (2022) EKHS34 20221
Department of Economic History
Abstract
The availability of energy is an overarching measure connected to various aspects of poverty. Energy Poverty, as a concept, captures the deprivation of access to energy, clean and safe fuels and end-appliances. While measures to reduce energy poverty increase the demand for energy, greenhouse gas emissions must decrease to mitigate the worst impacts of climate change, rendering renewable energy sources (RES) the predominantly applied measure. As varying effects for different RES can be expected, understanding the interconnection of RES and energy poverty among the background of different levels of institutional quality (IQ) is crucial to give sound policy advice. Applying a dual analysis of static (GLS) and dynamic (GMM) panel regression... (More)
The availability of energy is an overarching measure connected to various aspects of poverty. Energy Poverty, as a concept, captures the deprivation of access to energy, clean and safe fuels and end-appliances. While measures to reduce energy poverty increase the demand for energy, greenhouse gas emissions must decrease to mitigate the worst impacts of climate change, rendering renewable energy sources (RES) the predominantly applied measure. As varying effects for different RES can be expected, understanding the interconnection of RES and energy poverty among the background of different levels of institutional quality (IQ) is crucial to give sound policy advice. Applying a dual analysis of static (GLS) and dynamic (GMM) panel regression models, these effects were explored. It can be concluded that: (1) RES have a positive effect on energy poverty reduction, with solar energy obtaining the largest effects, (2) however, these effects are relatively small, ranging from 0,1 to 0,4 percent decreases in energy poverty, and (3) IQ shows to have a promoting effect on RES’ energy-poverty-reducing effects. From these results, it can be deduced that there are no counter-effects between the goals of energy poverty reduction and the transition to renewable energies; in fact, RES seem to have a positive impact on both goals. (Less)
Please use this url to cite or link to this publication:
author
Munzert, Marie Luise Fiona LU
supervisor
organization
alternative title
A Global Empirical Analysis of Renewable Energy's Effects on Energy Poverty
course
EKHS34 20221
year
type
H1 - Master's Degree (One Year)
subject
keywords
Energy Poverty, Renewables, Institutional Quality, GLS, GMM
language
English
id
9095283
date added to LUP
2022-08-02 10:33:46
date last changed
2022-08-02 10:33:46
@misc{9095283,
  abstract     = {{The availability of energy is an overarching measure connected to various aspects of poverty. Energy Poverty, as a concept, captures the deprivation of access to energy, clean and safe fuels and end-appliances. While measures to reduce energy poverty increase the demand for energy, greenhouse gas emissions must decrease to mitigate the worst impacts of climate change, rendering renewable energy sources (RES) the predominantly applied measure. As varying effects for different RES can be expected, understanding the interconnection of RES and energy poverty among the background of different levels of institutional quality (IQ) is crucial to give sound policy advice. Applying a dual analysis of static (GLS) and dynamic (GMM) panel regression models, these effects were explored. It can be concluded that: (1) RES have a positive effect on energy poverty reduction, with solar energy obtaining the largest effects, (2) however, these effects are relatively small, ranging from 0,1 to 0,4 percent decreases in energy poverty, and (3) IQ shows to have a promoting effect on RES’ energy-poverty-reducing effects. From these results, it can be deduced that there are no counter-effects between the goals of energy poverty reduction and the transition to renewable energies; in fact, RES seem to have a positive impact on both goals.}},
  author       = {{Munzert, Marie Luise Fiona}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Renewable Energy Sources and Energy Poverty}},
  year         = {{2022}},
}