TY - JOUR
T1 - The effect of geopolitical risk and green technology on load capacity factors in BRICS
AU - Voumik, Liton Chandra
AU - Ghosh, Smarnika
AU - Rashid, Mamunur
AU - Das, Mihir Kumar
AU - Esquivias, Miguel Angel
AU - Rojas, Omar
N1 - Publisher Copyright:
© 2024 Elsevier Ltd
PY - 2024/6
Y1 - 2024/6
N2 - This study explores the interaction between geopolitics, natural resources, and load capacity factors (LCF) within BRICS countries. Using fixed effects, random effects, quantile regression, and Driscoll Kraay Standard Error approaches, we found that for every 1% increase in green technology adoption, LCF decreased by 0.14%–0.54%. This effect suggests that green technologies may reduce LCF. Geopolitical risk positively influences LCF, with a 1% increase resulting in a 0.14%–0.48% rise across quantiles, thus enhancing reliability and sustainability. Furthermore, economic growth, renewable energy, and natural resources rents enhance the ratio of biocapacity to ecological footprint.
AB - This study explores the interaction between geopolitics, natural resources, and load capacity factors (LCF) within BRICS countries. Using fixed effects, random effects, quantile regression, and Driscoll Kraay Standard Error approaches, we found that for every 1% increase in green technology adoption, LCF decreased by 0.14%–0.54%. This effect suggests that green technologies may reduce LCF. Geopolitical risk positively influences LCF, with a 1% increase resulting in a 0.14%–0.48% rise across quantiles, thus enhancing reliability and sustainability. Furthermore, economic growth, renewable energy, and natural resources rents enhance the ratio of biocapacity to ecological footprint.
KW - BRICS
KW - Environmental sustainability
KW - Geopolitical risk
KW - Green technology
KW - Load capacity factors
UR - http://www.scopus.com/inward/record.url?scp=85190774924&partnerID=8YFLogxK
U2 - 10.1016/j.jup.2024.101757
DO - 10.1016/j.jup.2024.101757
M3 - Article
AN - SCOPUS:85190774924
SN - 0957-1787
VL - 88
JO - Utilities Policy
JF - Utilities Policy
M1 - 101757
ER -