| Issue |
E3S Web Conf.
Volume 614, 2025
International Conference on Agritech and Water Management (ICAW 2024)
|
|
|---|---|---|
| Article Number | 01008 | |
| Number of page(s) | 6 | |
| Section | Renewable Energy Sources and Energy-Saving Technologies | |
| DOI | https://doi.org/10.1051/e3sconf/202561401008 | |
| Published online | 07 February 2025 | |
The price of electricity from conventional sources and the share of renewable energy: A cross-country empirical assessment
Department of International Economy, University of World Economy and Diplomacy, 100007 Tashkent, Uzbekistan
* Corresponding author: s.kushbakova@gmail.com
This paper empirically assesses the effect of the price of electricity from conventional sources on share of renewable energy, using data 153 nations, in 2021, taking into consideration various control variables as documented in related studies. The results provide a strong evidence for the claim that electricity price from conventional sources is positively correlated with the share of renewable energy, and 1 percent increase in the price of electricity form conventional sources will boost the share of renewable energy (RE) consumption by 0,5 percent. In addition, the control variables indicate a positive relation to the share of (RE) as well. Even after controlling for an alternative set of control variables such as the rule of the law, GDP per capita, investment freedom, population growth, and our results remain statistically significant. These research findings offer valuable policy implications for governments, decision makers and academic scholars.
© The Authors, published by EDP Sciences, 2025
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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