Renewable electricity and sustainable development goals in the EU

Ranjula Bali Swain; Amin Karimu

doi:10.1016/j.worlddev.2019.104693

Renewable electricity and sustainable development goals in the EU

Ranjula Bali Swain
, Amin Karimu

Stockholm School of Economics
Södertörn University
University of Ghana Business School

Research output: Contribution to journal › Article › peer-review

158 Citations (Scopus)

Abstract

Renewable energy (RE) has a strong synergy with some of the sustainable development goals (SDGs), thus its successful deployment can potentially result in an impact on these SDGs. In this study, we examine the synergy effect of renewable electricity on selected SDGs via the electricity prices for the European Union (EU) countries. Using panel data and a two-step estimation approach, our findings indicate a strong synergy effect between renewable electricity prices, SDG 7 (affordable and clean energy) and SDG 8 (decent work and economic growth). The results further reveal that SDG 12 (responsible production and consumption) accounts for most of the future renewable electricity price variation (excluding self-effect), whereas future variation in SDG 7 (affordable and clean energy) and SDG 13 (climate action) are explained mostly by SDG 8 and SDG 12, respectively.

Original language	English
Article number	104693
Journal	World Development
Volume	125
DOIs	https://doi.org/10.1016/j.worlddev.2019.104693
Publication status	Published - Jan 2020
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth
SDG 13 Climate Action

Keywords

EU
Electricity price
Renewable energy
Sustainable development goals

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10.1016/j.worlddev.2019.104693

Cite this

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title = "Renewable electricity and sustainable development goals in the EU",

abstract = "Renewable energy (RE) has a strong synergy with some of the sustainable development goals (SDGs), thus its successful deployment can potentially result in an impact on these SDGs. In this study, we examine the synergy effect of renewable electricity on selected SDGs via the electricity prices for the European Union (EU) countries. Using panel data and a two-step estimation approach, our findings indicate a strong synergy effect between renewable electricity prices, SDG 7 (affordable and clean energy) and SDG 8 (decent work and economic growth). The results further reveal that SDG 12 (responsible production and consumption) accounts for most of the future renewable electricity price variation (excluding self-effect), whereas future variation in SDG 7 (affordable and clean energy) and SDG 13 (climate action) are explained mostly by SDG 8 and SDG 12, respectively.",

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author = "Swain, \{Ranjula Bali\} and Amin Karimu",

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language = "English",

volume = "125",

journal = "World Development",

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T1 - Renewable electricity and sustainable development goals in the EU

AU - Swain, Ranjula Bali

AU - Karimu, Amin

PY - 2020/1

Y1 - 2020/1

N2 - Renewable energy (RE) has a strong synergy with some of the sustainable development goals (SDGs), thus its successful deployment can potentially result in an impact on these SDGs. In this study, we examine the synergy effect of renewable electricity on selected SDGs via the electricity prices for the European Union (EU) countries. Using panel data and a two-step estimation approach, our findings indicate a strong synergy effect between renewable electricity prices, SDG 7 (affordable and clean energy) and SDG 8 (decent work and economic growth). The results further reveal that SDG 12 (responsible production and consumption) accounts for most of the future renewable electricity price variation (excluding self-effect), whereas future variation in SDG 7 (affordable and clean energy) and SDG 13 (climate action) are explained mostly by SDG 8 and SDG 12, respectively.

AB - Renewable energy (RE) has a strong synergy with some of the sustainable development goals (SDGs), thus its successful deployment can potentially result in an impact on these SDGs. In this study, we examine the synergy effect of renewable electricity on selected SDGs via the electricity prices for the European Union (EU) countries. Using panel data and a two-step estimation approach, our findings indicate a strong synergy effect between renewable electricity prices, SDG 7 (affordable and clean energy) and SDG 8 (decent work and economic growth). The results further reveal that SDG 12 (responsible production and consumption) accounts for most of the future renewable electricity price variation (excluding self-effect), whereas future variation in SDG 7 (affordable and clean energy) and SDG 13 (climate action) are explained mostly by SDG 8 and SDG 12, respectively.

KW - EU

KW - Electricity price

KW - Renewable energy

KW - Sustainable development goals

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DO - 10.1016/j.worlddev.2019.104693

M3 - Article

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SN - 0305-750X

VL - 125

JO - World Development

JF - World Development

M1 - 104693

ER -

Renewable electricity and sustainable development goals in the EU

Abstract

UN SDGs

Keywords

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