Could natural resources and financial development influence the markets for renewable energy in developing economies?

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2025-08-02 DOI:10.1016/j.resourpol.2025.105691

Ishaya Tambari , Pierre Failler , Shabbar Jaffry , He Yuan

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引用次数: 0

Abstract

Governments and stakeholders are prioritising sustainable development for economic growth and environmental quality. Oil-producing economies rely heavily on oil revenues, which can negatively impact the environment. This dilemma raises the question of protecting environmental quality or pursuing economic development. Financial development is crucial for technological innovation, energy-efficient projects, and renewable energy generation. This paper applied the Methods of ‘Moments Quantile Regression’ to examine the impact of financial development on renewable energy (RE) generation in the top three net oil exporters and importers from 1990 to 2020. The results show that financial development is consistently associated with higher levels of RE generation per capita in these countries. Meanwhile, the lack of a statistically significant association between natural resource rents and RE generation suggests that abundant natural resources do not inherently constrain RE development in these African countries.

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自然资源和金融发展能否影响发展中经济体的可再生能源市场？

各国政府和利益攸关方正在优先考虑可持续发展以促进经济增长和环境质量。石油生产经济体严重依赖石油收入，这可能对环境产生负面影响。这种困境提出了保护环境质量还是追求经济发展的问题。金融发展对技术创新、节能项目和可再生能源发电至关重要。本文采用“矩分位数回归”方法，研究了1990年至2020年期间金融发展对前三大石油净出口国和进口国可再生能源发电的影响。结果表明，在这些国家，金融发展始终与较高的人均可再生能源发电量相关。同时，自然资源租金与可再生能源产生之间缺乏统计上显著的关联，这表明丰富的自然资源并不一定会限制这些非洲国家的可再生能源发展。

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

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.