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Energy Strategy Reviews
Article . 2024 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Energy Strategy Reviews
Article . 2024
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Do energy and geopolitical risks influence environmental quality? A quantile-based load capacity factor assessment for fragile countries

Authors: Ugur Korkut Pata; Mustafa Tevfik Kartal; Shahriyar Mukhtarov; Cosimo Magazzino;

Do energy and geopolitical risks influence environmental quality? A quantile-based load capacity factor assessment for fragile countries

Abstract

Most countries have tried to decline fossil fuels dependency by supporting clean energy transition. In light of this, this study investigates the impact of energy security risk (ESR) and geopolitical risk (GPR) on the load capacity factor (LCF) in four fragile countries (Brazil-BRA; India-IND; South Africa-ZAF, Türkiye-TUR). The study applies quantile approaches for the period between 1985/m2 and 2018/m12, which represents the largest amount of accessible data. The results show that (i) at higher quantiles, ESR declines the LCF in IND and ZAF, while it has an increasing impact in BRA and a mixed impact in TUR; (ii) GPR increases the LCF in BRA, ZAF, and TUR at lower and middle quantiles, while GPR decreases ecological quality at higher quantiles in all countries; (iii) ESR and GPR have a causal effect on the LCF across various quantiles; (iv) ESR and GPR are strong predictors of the LCF, but their predictive power varies by quantile and becomes significantly weaker with increasing lags. With these fresh outcomes, the study underlines the significant influence of ESR and GPR in ensuring ecological sustainability across all quantiles and countries. The overall findings of the study emphasize that risks and uncertainties degrade the ecological quality of four fragile countries and that policymakers should turn to clean energy sources in case of an increase in geopolitical and energy risks.

Country
Italy
Keywords

LCF, GPR, Energy security, Energy industries. Energy policy. Fuel trade, Fragile four countries, Energy security;GPR; LCF; Fragile four countries; Quantile approaches, HD9502-9502.5, Quantile approaches

  • BIP!
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    citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    14
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
14
Average
Average
Top 10%
Green
gold