Economics and energy: analysis of energy efficiency and the role of renewable energies
PDF (Español (España))
HTML (Español (España))

Keywords

management of technological innovation of R+D
alternative energy
energy and macroeconomics
technological change

How to Cite

Cruz Negrete, J. D., Andrade-Arango, Y., & Vaca-López, A. (2024). Economics and energy: analysis of energy efficiency and the role of renewable energies. Clío América, 18(36). https://doi.org/10.21676/23897848.5616

Abstract

The purpose of this research is to analyze the relationship between Gross Domestic Product (gdp), Research and Development (r+d) expenditure, energy intensity, and renewable energy consumption in 37 countries of the Organization for Economic Cooperation and Development (oecd) between 2012 and 2020. The jamovi statistical tool was used, through the techniques of Principal Component Analysis—PCA—, K-mean Clustering, correlation matrix, among others. It is concluded that there are two components: energy intensity and consumption of renewables, and on the other hand gdp and r+d expenditure, so an adequate relationship between economic growth and energy efficiency is not detected; likewise, two clusters were generated, on the one hand, Iceland, and the other cluster confirmed by the remaining 36 countries, highlighting the United States. In the combination of components and clusters, countries such as Iceland, the United States, Scandinavian countries, Canada, New Zealand, the United Kingdom, Costa Rica, Colombia, Chile, among others, stand out.
https://doi.org/10.21676/23897848.5616
PDF (Español (España))
HTML (Español (España))

References

Abolhosseini, S., Heshmati, A. y Altmann, J. (2014). A Review of Renewable Energy Supply and Energy Efficiency Technologies. IZA Discussion Paper, 8145, 1–36. https://doi.org/10.2139/ssrn.2432429

Adeniyi, O. y Adewuyi, A. O. (2019). Energy consumption and sectoral trade in selected West African economies. International Journal of Global Energy Issues, 42(1–2), 81–125. https://doi.org/10.1504/IJGEI.2019.100691

Adua, L. (2020). Reviewing the complexity of energy behavior: Technologies, analytical traditions, and household energy consumption data in the United States. Energy Research and Social Science, 59(April 2019), 101289. https://doi.org/10.1016/j.erss.2019.101289

Ang, J. B. (2008). Economic development, pollutant emissions and energy consumption in Malaysia. Journal of Policy Modeling, 30(2), 271–278. https://doi.org/10.1016/j.jpolmod.2007.04.010

Atik, H. y Ünlü, F. (2019). The Measurement of Industry 4.0 Performance through Industry 4.0 Index: An Empirical Investigation for Turkey and European Countries. Procedia Computer Science, 158, 852–860. https://doi.org/10.1016/j.procs.2019.09.123

Avrin, A. (2018). China’s power sector decarbonization: modeling emission reduction potential, technical feasibility and cost efficiency of inter-sectoral approaches [University of California, Berkeley]. In University of California. https://escholarship.org/uc/item/98384265

Banco Mundial. (2021). Datos de libre acceso del Banco Mundial. https://datos.bancomundial.org/

Betancur Pérez, J. F. y Rodríguez Valencia, N. (2022). Módulo: Eficiencia Energética.

Biesiot, W. y Noorman, K. J. (1999). Energy requirements of household consumption: a case study of The Netherlands. Ecological Economics, 28(3), 367–383. https://doi.org/10.1016/S0921-8009(98)00113-X

British Petroleum - BP. (2019). BP Statistical Review of World Energy Statistical Review of World. In The Editor BP Statistical Review of World Energy: Vol. 68th editi.

Butler, C. (2022). Energy Poverty, Practice, and Policy (Palgrave Macmillan, Ed.). https://doi.org/10.1007/978-3-030-99432-7

Dadzie, J., Runeson, G. y Ding, G. (2020). Assessing determinants of sustainable upgrade of existing buildings: The case of sustainable technologies for energy efficiency. Journal of Engineering, Design and Technology, 18(1), 270–292. https://doi.org/10.1108/JEDT-09-2018-0148

Di Domenico, L., Raberto, M. y Safarzynska, K. (2023). Resource scarcity, circular economy and the energy rebound: A macro-evolutionary input-output model. Energy Economics, 128, 107155. https://doi.org/10.1016/j.eneco.2023.107155

Dietzenbacher, E., Kulionis, V. y Capurro, F. (2020). Measuring the effects of energy transition: A structural decomposition analysis of the change in renewable energy use between 2000 and 2014. Applied Energy, 258, 114040. https://doi.org/10.1016/j.apenergy.2019.114040

Energy Information Administration - EIA. (2013). Residential Energy Consumption Survey (RECS) 2009 Technical DocumentationSummary. http://www.eia.gov/consumption/residential/ methodology/2009/pdf/techdoc-summary010413.pdf

Emir, F. y Bekun, F. V. (2019). Energy intensity, carbon emissions, renewable energy, and economic growth nexus: New insights from Romania. Energy & Environment, 30(3), 427–443. https://doi.org/10.1177/0958305X18793108

Enerdata. (2020). Global Energy Statistical Yearbook 2020. https://yearbook.enerdata.net/

Fersi, S. y Chtourou, N. (2018). Economic analysis of investment projects in renewable energies for a sustainable energy system. International Journal of Global Energy Issues, 41(5–6), 323–339. https://doi.org/10.1504/IJGEI.2018.097205

Foro Económico Mundial. (2021). Digital Culture : The Driving Force of Digital Transformation (Issue June). http://www3.weforum.org/docs/WEF_Digital_Culture_Guidebook_2021.pdf

Ghaffour, N., Lattemann, S., Missimer, T., Ng, K. C., Sinha, S. y Amy, G. (2014). Renewable energy-driven innovative energy-efficient desalination technologies. Applied Energy, 136, 1155–1165. https://doi.org/10.1016/j.apenergy.2014.03.033

Giacosa, G. y Walker, T. R. (2022). A policy perspective on Nova Scotia’s plans to reduce dependency on fossil fuels for electricity generation and improve air quality. Cleaner Production Letters, 3, 100017. https://doi.org/10.1016/j.clpl.2022.100017

Gomez Echeverri, L. (2018). Investing for rapid decarbonization in cities. Current Opinion in Environmental Sustainability, 30, 42–51. https://doi.org/10.1016/j.cosust.2018.02.010

Halicioglu, F. (2009). An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey. Energy Policy, 37(3), 1156–1164. https://doi.org/10.1016/j.enpol.2008.11.012

Harichandan, S., Kar, S. K., Bansal, R., Mishra, S. K., Balathanigaimani, M. S. y Dash, M. (2022). Energy transition research: A bibliometric mapping of current findings and direction for future research. Cleaner Production Letters, 3, 100026. https://doi.org/10.1016/j.clpl.2022.100026

Hasanbeigi, A. y Price, L. (2012). A review of energy use and energy efficiency technologies for the textile industry. Renewable and Sustainable Energy Reviews, 16(6), 3648–3665. https://doi.org/10.1016/j.rser.2012.03.029

Heidrich, F., Goncalves de Morais, D. y Blumetti Facó, J. (2020). La teoría de las opciones reales en la gestión de inversiones en la industria 4.0: un estudio de caso. Revista De Gestão, Finanças E Contabilidade, 10(2), 60–85.

Jamovi. (2022). The jamovi project ((Version 2.3)). https://www.jamovi.org

Kakodkar, R., He, G., Demirhan, C. D., Arbabzadeh, M., Baratsas, S. G., Avraamidou, S., Mallapragada, D., Miller, I., Allen, R. C., Gençer, E. y Pistikopoulos, E. N. (2022). A review of analytical and optimization methodologies for transitions in multi-scale energy systems. Renewable and Sustainable Energy Reviews, 160, 112277. https://doi.org/10.1016/j.rser.2022.112277

Kofanova, O. (2018). Climate change modeling in the context of urban decarbonization strategy. Journal of Engineering Sciences, 5(1), H 1-H 6. https://doi.org/10.21272/jes.2018.5(1).h1

Lee, K. y Lim, C. (2001). Technological regimes, catching-up and leapfrogging: findings from the Korean industries. Research Policy, 30(3), 459–483. https://doi.org/10.1016/S0048-7333(00)00088-3

Licona Michel, Á. (2023). La inversión en educación e I&D y su contribución en la transformación económica de Corea del Sur. Revista Nicolaita de Estudios Económicos, 17(2), 31–55. https://doi.org/10.33110/rnee.v17i2.339

Liddle, B. y Sadorsky, P. (2021). Energy efficiency in OECD and non-OECD countries: estimates and convergence. Energy Efficiency, 14(72), 1–19. https://doi.org/10.1007/s12053-021-09992-7

Manfren, M., Sibilla, M. y Tronchin, L. (2021). Energy Modelling and Analytics in the Built Environment—A Review of Their Role for Energy Transitions in the Construction Sector. Energies, 14(3), 679. https://doi.org/10.3390/en14030679

Maolin, L. y Yufei, R. (2020). The ‘double-edged effect’ of progress in energy-biased technology on energy efficiency: A comparison between the manufacturing sector of China and Japan. Journal of Environmental Management, 270(110794), 1–11. https://doi.org/10.1016/j.jenvman.2020.110794

Marra, A. y Colantonio, E. (2023). On public policies in the energy transition: Evidence on the role of socio-technical regimes for renewable technologies. Energy Economics, 128, 107126. https://doi.org/10.1016/j.eneco.2023.107126

Merino, L. (2012). Energias renovables para todos. In Iberdrola. https://www.energias-renovables.com/ficheroenergias/productos/pdf/cuaderno_GENERAL.pdf

Oliveira, M. C., Iten, M., Cruz, P. L. y Monteiro, H. (2020). Review on Energy Efficiency Progresses, Technologies Waste Heat Recovery. Energies, 13(6096), 1–24.

Pata, U. K., Alola, A. A., Erdogan, S. y Kartal, M. T. (2023). The influence of income, economic policy uncertainty, geopolitical risk, and urbanization on renewable energy investments in G7 countries. Energy Economics, 128, 107172. https://doi.org/10.1016/j.eneco.2023.107172

Rockström, J., Gaffney, O., Rogelj, J., Meinshausen, M., Nakicenovic, N. y Schellnhuber, H. J. (2017). A roadmap for rapid decarbonization. Science, 355(6331), 1269–1271. https://doi.org/10.1126/science.aah3443

Rozo García, F. (2020). Revisión de las tecnologías presentes en la industria 4.0. Revista UIS Ingenierías, 19(2), 177–191. https://doi.org/10.18273/revuin.v19n2-2020019

Silva, M. y Rocha, C. (2020). Avaliação do Nível de Maturidade da Indústria 4.0: O Caso de uma Empresa Estratégica de Defesa. Future Studies Research Journal: Trends and Strategies [FSRJ], 12(1), 31–59. https://doi.org/https://doi.org/10.24023/FutureJournal/2175-5825/2020.v12i1.455

Soytas, U., Sari, R. y Ewing, B. T. (2007). Energy consumption, income, and carbon emissions in the United States. Ecological Economics, 62(3–4), 482–489. https://doi.org/10.1016/j.ecolecon.2006.07.009

Stern, D. I. (2012). Modeling international trends in energy efficiency. Energy Economics, 34(6), 2200–2208. https://doi.org/10.1016/j.eneco.2012.03.009

Strielkowski, W., Dvořák, M., Rovný, P., Tarkhanova, E. y Baburina, N. (2021). 5G Wireless Networks in the Future Renewable Energy Systems. Frontiers in Energy Research, 9(714803), 1–15. https://doi.org/10.3389/fenrg.2021.714803

Tariq, G., Sun, H., Ali, I., Pasha, A. A., Khan, M. S., Rahman, M. M., Mohamed, A. y Shah, Q. (2022). Influence of green technology, green energy consumption, energy efficiency, trade, economic development and FDI on climate change in South Asia. Scientific Reports, 12(1), 1–14. https://doi.org/10.1038/s41598-022-20432-z

Velasco, J. G. (2009). Energías renovables. Editorial Reverté. https://www.academia.edu/45608872/Jaime_González_Velasco_Energías_Renovables_2009_ISBN_9788429179125

Wang, Z., Han, B. y Lu, M. (2016). Measurement of energy rebound effect in households: Evidence from residential electricity consumption in Beijing, China. Renewable and Sustainable Energy Reviews, 58, 852–861. https://doi.org/10.1016/j.rser.2015.12.179

World Economic Forum. (2020). Diversity, Equity and Inclusion 4.0: A toolkit for leaders to accelerate social progress in the future of work | World Economic Forum (Issue June).

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Copyright (c) 2024 Clío América

Downloads

Download data is not yet available.