ABSTRACT
Remote community initiatives for renewable energy are rapidly emerging across Canada but with varying numbers, success rates, and strategies. To meet low-carbon transition goals, the need to coordinate technology deployment and long-term policy to guide the adoption is critical. Renewable resources such as wind, solar, hydro, and biomass can provide energy at a subsidized cost, create sustainable infrastructure, and provide new economic viability in social value integration. The renewable energy transition is crucial to Canada in sustaining remote and indigenous communities by providing local, clean, and low-carbon-emission energy for heat, power, and possibly transportation. This paper identified 635 renewable resources projects deployed to improve and increase electricity supply. To an extent, balancing demand within the remote and indigenous communities of Canada and highlighting sustainable renewable energy development through ownership participation within the communities is achievable before 2050 and beyond through energy efficiency and the social value of energy. The article identifies clean energy targets as mandated by the different provinces in Canada to reach net-zero GHG emissions.
ABSTRACT
Although switching from non-renewable to renewable energy is believed to stimulate low-carbon economic growth, the means to establishing this energy transition have largely remained unexplored in the extant literature. Against this backdrop, this study focuses on evaluating how scaling public investment in renewable energy-related research and development projects impacts the carbon productivity levels in the top-10 renewable energy-investing countries. The estimation strategy comprised econometric methods that can handle cross-sectional dependency and slope heterogeneity related concerns in the data. Regarding the key findings, higher public research and development-related investments in renewable energy are observed to boost carbon productivity levels in the concerned countries, while natural resource consumption and net exports are found to reduce carbon productivity. Besides, the results endorsed that public research and development investment for renewable energy development exhibits a moderating role by jointly boosting carbon productivity with higher natural resource consumption and net exports. Moreover, it is also seen to inflict a mediating effect by jointly boosting carbon productivity with urbanization. In line with these findings, the concerned governments are recommended to scale such investment in order to stimulate technological innovation so that renewable energy transition can take place to establish low carbon economic growth. © 2023 Elsevier Ltd
ABSTRACT
With the complex presence of important natural reserves, energy is considered as the main key ingredient to facilitate economic development in the Middle East, GCC, and Maghreb regions. Expectations for a rapidly growing economy in the next decade will likely cause an increase in the fraction of energy consumed domestically, limiting what is available for export. Considered as the home of global oil and gas reserves, the Middle East and North Africa (MENA) region is the cornerstone of the global energy architecture, and the global low-carbon energy transition poses critical questions to MENA oil and gas producers. Unfortunately, as the coronavirus (COVID-19) pandemic sweeps across the world, growth in the MENA region was projected to fall to 2.8% in 2020, lower than the growth rates during the 2008 global financial crisis and the 2015 oil price shock. Before the coronavirus (COVID-2019), the sharp drop in oil and gas prices that began in 2015 fostered MENA hydrocarbon producers to launch ambitious economic reform programs in all regions. The main goal of these programs was not only to increase the diversification of investment sectors to boost national and regional economies but also to encourage the development of the nonhydrocarbon sector. This article argues for a new challenge investigation and analysis to figure out with current MENA policy options and future prospects, as well as the present impact of COVID-19, in addition to the public policies that encourage diversification economy sector to avoid entire dependence on oil and gas in export are dressed. It also deals with the investigation of the pressing need to create job opportunities for a large and youthful population and the new definition of the possibility of the world moving more aggressively towards low-carbon integration. [ FROM AUTHOR] Copyright of Mathematical Problems in Engineering is the property of Hindawi Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)