Sustainable energy deployment in developing countries: The role of composition of energy aid

IF 2.8 2区经济学 Q1 ECONOMICS

Economic Systems Pub Date : 2024-09-01 DOI:10.1016/j.ecosys.2024.101195

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Abstract

Climate mitigation in developing nations calls for a shift to renewable technologies from fossil fuels. However, such transformative change requires enormous concessional funding in the energy sector. This paper examines the impact of energy aid and its composition on the transition to clean energy infrastructure in the power sector in 67 developing countries during the period 2002–2017. The analysis is also conducted by segregating aggregate renewable technologies into hydro and non-hydro sources. Applying system GMM and panel quantile regression techniques, we find that the effectiveness of energy aid depends upon its composition and the maturity of renewable technology in the recipient countries. Renewable and distribution energy aid benefits the transition only with hydro sources and has a counter-productive effect on non-hydro renewable technologies, such as solar and wind. In contrast, findings reveal that energy aid for non-renewable energy generation and policy hinder the transition process with both hydro and non-hydro renewable technologies. These findings warrant a shift in the composition and technology target of energy aid by the donors in order to foster climate mitigation and mobilize private investments in relatively less developed non-hydro renewable technologies.

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发展中国家的可持续能源部署：能源援助构成的作用

发展中国家的气候减缓要求从化石燃料转向可再生技术。然而，这种转型变革需要在能源领域提供巨额优惠资金。本文研究了 2002-2017 年间能源援助及其构成对 67 个发展中国家电力部门向清洁能源基础设施转型的影响。分析还将可再生技术总量分为水力和非水力两种。应用系统 GMM 和面板量化回归技术，我们发现能源援助的有效性取决于其构成和受援国可再生技术的成熟度。可再生能源和分布式能源援助只有利于水力资源的过渡，而对太阳能和风能等非水力可再生能源技术的影响则适得其反。相反，研究结果表明，对不可再生能源发电和政策的能源援助阻碍了水力和非水力可再生技术的过渡进程。这些研究结果证明，捐助方应改变能源援助的构成和技术目标，以促进气候减缓，并动员私人投资于相对欠发达的非水电可再生能源技术。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Systems ECONOMICS-

CiteScore

4.90

自引率

0.00%

发文量

审稿时长

48 days

期刊介绍： Economic Systems is a refereed journal for the analysis of causes and consequences of the significant institutional variety prevailing among developed, developing, and emerging economies, as well as attempts at and proposals for their reform. The journal is open to micro and macro contributions, theoretical as well as empirical, the latter to analyze related topics against the background of country or region-specific experiences. In this respect, Economic Systems retains its long standing interest in the emerging economies of Central and Eastern Europe and other former transition economies, but also encourages contributions that cover any part of the world, including Asia, Latin America, the Middle East, or Africa.