School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, 233030, China.
School of Economics and Management, Dalian University of Technology, Dalian, 116024, China.
J Environ Manage. 2022 Sep 1;317:115464. doi: 10.1016/j.jenvman.2022.115464. Epub 2022 Jun 5.
Based on the panel data of 20 countries in EU during the period of 2007-2019, this paper study the effect of energy market integration (EMI) on renewable energy development (RED). We develop a general equilibrium model to explain how EMI affect the RED and the role of different mechanisms. The empirical results reports that the European EMI increased both the consumption and power generation of renewable energy, which proves a significant positive effect of EMI on the RED. In line with our expectations of theoretical model, our estimates show that the increase of renewable energy consumption is mainly due to the fossil energy cost increased, technology advancement and regional environmental regulation strengthening. And the fossil energy cost is the main driven force which plays a completely mediating role between EMI and RED. Furthermore, we also observe a negative effect of FDI and industry structure on RED.
基于 2007 年至 2019 年期间欧盟 20 个国家的面板数据，本文研究了能源市场一体化（EMI）对可再生能源发展（RED）的影响。我们开发了一个一般均衡模型来解释 EMI 如何影响 RED 以及不同机制的作用。实证结果表明，欧洲 EMI 增加了可再生能源的消费和发电量，这证明 EMI 对 RED 具有显著的积极影响。与我们理论模型的预期一致，我们的估计表明，可再生能源消费的增加主要是由于化石能源成本上升、技术进步和区域环境法规加强。而化石能源成本是 EMI 和 RED 之间的主要驱动力，起着完全的中介作用。此外，我们还观察到外国直接投资和产业结构对 RED 的负面影响。
