Document Type : Research Paper
Authors
1 Master of Energy Economics, Faculty of Economics, Allameh Tabataba’i University, Tehran, Iran
2 Associate Professor, Department of Energy Economics, Allameh Tabataba’i University, Tehran, Iran
Abstract
Renewable energies are more compatible with the environment and their preparation and production have less pollution. In addition, since there is no end in sight for this type of energy, renewable energies take on a greater share in the world's energy supply system day by day, even in countries with fossil energy. The purpose of this research is to investigate the factors affecting the consumption of renewable energy in OPEC member countries using the panel data approach in the period from 2004 to 2018. In this research, the effects of factors such as good governance index, human capital, intensity of carbon dioxide emission, income (GDP) and crude oil price were investigated. The results of estimating the model using the feasible generalized least squares (FGLS method indicated that the good governance index, human capital, carbon dioxide emission intensity and income (GDP) have a positive and significant effect on the consumption of renewable energy in OPEC member countries, but the price Crude oil has no significant effect on the consumption of this group of energies in the mentioned countries. Factors such as the high cost of establishing renewable industries in OPEC member countries and the dependence of these countries' economies on oil revenues can be considered among the reasons for this result.
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