The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment
Green growth has emerged as a strategy for addressing environmental concerns while also promoting economic development. This study assesses the impact of renewable energy technologies and policies on green growth in the built environment. It investigates 20 developed and 20 developing countries from...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-05-01
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| Series: | Buildings |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-5309/13/5/1356 |
| _version_ | 1797600795242266624 |
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| author | Ali A. Gorji Igor Martek |
| author_facet | Ali A. Gorji Igor Martek |
| author_sort | Ali A. Gorji |
| collection | DOAJ |
| description | Green growth has emerged as a strategy for addressing environmental concerns while also promoting economic development. This study assesses the impact of renewable energy technologies and policies on green growth in the built environment. It investigates 20 developed and 20 developing countries from 2010 to 2021. Panel data estimators such as generalized least squares and generalized method of moments are employed. The results reveal that the contribution of renewable energy sectors to green growth varies between developed and developing countries. In developed countries, solar, wind, and biomass capacities have facilitated green growth, while hydroelectric capacities have not. By contrast, in developing countries, wind capacity has not been effective, while other sectors show a positive contribution. The study also confirms the criticality of judicious renewable energy policies in stimulating investment and technological innovation required for a sustainable built environment. |
| first_indexed | 2024-03-11T03:52:59Z |
| format | Article |
| id | doaj.art-a75877dfb137427cabe43380cf0073aa |
| institution | Directory Open Access Journal |
| issn | 2075-5309 |
| language | English |
| last_indexed | 2024-03-11T03:52:59Z |
| publishDate | 2023-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Buildings |
| spelling | doaj.art-a75877dfb137427cabe43380cf0073aa2023-11-18T00:47:07ZengMDPI AGBuildings2075-53092023-05-01135135610.3390/buildings13051356The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built EnvironmentAli A. Gorji0Igor Martek1Department of Economics, University of Mazandaran, Babolsar 4741613534, IranSchool of Architecture and Built Environment, Deakin University, Waurn Ponds, VIC 3216, AustraliaGreen growth has emerged as a strategy for addressing environmental concerns while also promoting economic development. This study assesses the impact of renewable energy technologies and policies on green growth in the built environment. It investigates 20 developed and 20 developing countries from 2010 to 2021. Panel data estimators such as generalized least squares and generalized method of moments are employed. The results reveal that the contribution of renewable energy sectors to green growth varies between developed and developing countries. In developed countries, solar, wind, and biomass capacities have facilitated green growth, while hydroelectric capacities have not. By contrast, in developing countries, wind capacity has not been effective, while other sectors show a positive contribution. The study also confirms the criticality of judicious renewable energy policies in stimulating investment and technological innovation required for a sustainable built environment.https://www.mdpi.com/2075-5309/13/5/1356built environmentgreen growthrenewable energysustainabilitypanel data analysis |
| spellingShingle | Ali A. Gorji Igor Martek The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment Buildings built environment green growth renewable energy sustainability panel data analysis |
| title | The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment |
| title_full | The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment |
| title_fullStr | The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment |
| title_full_unstemmed | The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment |
| title_short | The Role of Renewable Energy as a ‘Green Growth’ Strategy for the Built Environment |
| title_sort | role of renewable energy as a green growth strategy for the built environment |
| topic | built environment green growth renewable energy sustainability panel data analysis |
| url | https://www.mdpi.com/2075-5309/13/5/1356 |
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