When renewable energy technology products exports meet geopolitical risks: Can environmental policies sweeten the bitter pill of the trade?

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-04-14 DOI:10.1016/j.eneco.2025.108498

Yanmin Shao , Junlong Li

{"title":"When renewable energy technology products exports meet geopolitical risks: Can environmental policies sweeten the bitter pill of the trade?","authors":"Yanmin Shao , Junlong Li","doi":"10.1016/j.eneco.2025.108498","DOIUrl":null,"url":null,"abstract":"<div><div>Amid escalating global geopolitical risks (GPR) and intensifying energy transition competition, strategic rivalry in the energy sector has shifted from traditional resource contention to dominance over renewable energy technologies. While renewable energy technology products (RETP) are recognized as critical to global green transformation, the inhibitory effects of GPR on their international trade remain underexplored. This study addresses this gap by analyzing observations from 42 economies (1998–2020) using a gravity model. Our findings reveal a significant negative impact of GPR on RETP exports. Crucially, we identify conflicting fiscal policies: Environmental taxes exacerbate this negative effect by increasing compliance costs, whereas environmental expenditures mitigate it by reducing external costs. These results highlight the dual role of state intervention in energy technology wars, providing timely insights for policymakers navigating intertwined GPR and energy transition risks. Grounded in resource dependence theory, we propose a theoretical framework that leverages government intervention to help businesses reduce reliance on GPR. This framework repositions environmental policies as geopolitical hedging tools for RETP trade.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"145 ","pages":"Article 108498"},"PeriodicalIF":13.6000,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0140988325003226","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

Abstract

Amid escalating global geopolitical risks (GPR) and intensifying energy transition competition, strategic rivalry in the energy sector has shifted from traditional resource contention to dominance over renewable energy technologies. While renewable energy technology products (RETP) are recognized as critical to global green transformation, the inhibitory effects of GPR on their international trade remain underexplored. This study addresses this gap by analyzing observations from 42 economies (1998–2020) using a gravity model. Our findings reveal a significant negative impact of GPR on RETP exports. Crucially, we identify conflicting fiscal policies: Environmental taxes exacerbate this negative effect by increasing compliance costs, whereas environmental expenditures mitigate it by reducing external costs. These results highlight the dual role of state intervention in energy technology wars, providing timely insights for policymakers navigating intertwined GPR and energy transition risks. Grounded in resource dependence theory, we propose a theoretical framework that leverages government intervention to help businesses reduce reliance on GPR. This framework repositions environmental policies as geopolitical hedging tools for RETP trade.

查看原文本刊更多论文

当可再生能源技术产品出口面临地缘政治风险时：环境政策能让这颗苦药丸变甜吗？

随着全球地缘政治风险的不断升级和能源转型竞争的加剧，能源领域的战略竞争已经从传统的资源争夺转向对可再生能源技术的主导。虽然可再生能源技术产品（RETP）被认为是全球绿色转型的关键，但探地雷达对其国际贸易的抑制作用仍未得到充分探讨。本研究利用引力模型分析了42个经济体（1998-2020年）的观测结果，从而解决了这一差距。我们的研究结果表明，探地雷达对RETP出口有显著的负面影响。至关重要的是，我们发现了相互冲突的财政政策：环境税通过增加合规成本加剧了这种负面影响，而环境支出通过降低外部成本来缓解这种负面影响。这些结果突出了国家干预在能源技术战争中的双重作用，为政策制定者应对GPR和能源转型风险的交织提供了及时的见解。在资源依赖理论的基础上，我们提出了一个利用政府干预帮助企业减少对GPR依赖的理论框架。该框架将环境政策重新定位为RETP贸易的地缘政治对冲工具。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.