AI Summary & Key Takeaways
AI InsightTherefore, it is considered that the government can address the inverse effect in the investment and finance sector with incentives and guarantees.
📌 3 Key Takeaways
Abstract
The efforts of developing countries to achieve development and the efforts of developed countries to maintain their welfare levels are constantly increasing the demand for energy due to the growing population. The pressure to meet this increasing energy demand from renewable energy sources is also increasing due to environmental issues. However, on a global scale, the desired level of renewable energy has not yet been reached. In recent years, there has been a growing trend in academic research on this topic. Various studies have examined the factors that influence renewable energy determinants.One of the goals of this study is to examine the economic freedoms that affect the share of renewable energy in total energy consumption. The study used data from 146 countries for the years 2010-2019. The panel data analysis conducted in the study found that labor and monetary freedoms increase the share of renewable energy in total energy consumption, while freedoms in the investment and finance sector decrease it. Therefore, it is considered that the government can address the inverse effect in the investment and finance sector with incentives and guarantees.