World energy market in the conditions of low oil prices, the role of renewable energy sources

Research output: Contribution to journalConference articlepeer-review

10 Citations (Scopus)

Abstract

With help of panel data, the paper establishes the relationship between the development of renewable energy and (1) the prices of fossil energy, (2) hydrocarbons production to consumption ratio, (3) corruption index and (4) country technological development factor. All observed factors have shown significant influence on renewable energy consumption. Was received 1% change of price for hydrocarbons causes 1.05% change of RES consumption. In the context of cheap fossil energy resources, fundamental technological restructuring of renewable energy will be required to improve its competitiveness.

Original languageEnglish
Pages (from-to)112-117
Number of pages6
JournalEnergy Procedia
Volume153
DOIs
Publication statusPublished - 1 Jan 2018
Event5th International Conference on Energy and Environment Research, ICEER 2018 - Prague, Czech Republic
Duration: 23 Jul 201827 Jul 2018

Keywords

  • Corruption
  • Energy markets
  • Oil prices
  • Oil production
  • R&D
  • Renewable energy consumption
  • FINANCIAL DEVELOPMENT
  • EMISSIONS
  • LONG-RUN
  • energy markets
  • ECONOMIC-GROWTH
  • corruption
  • renewable energy consumption
  • oil prices
  • CONSUMPTION
  • R & D; oil production

Fingerprint Dive into the research topics of 'World energy market in the conditions of low oil prices, the role of renewable energy sources'. Together they form a unique fingerprint.

Cite this