The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
The Role of Renewable Energy Consumption in Promoting Sustainability and Circular Economy: A Data-Driven Analysis
|
|
Author(s): Lucio Laureti (Lum University Giuseppe Degennaro, Italy), Alberto Costantiello (Lum University Giuseppe Degennaro, Italy), Alessandro Massaro (Lum University Giuseppe Degennaro, Italy)and Angelo Leogrande (Lum University Giuseppe Degennaro, Italy)
Copyright: 2024
Pages: 27
Source title:
Data-Driven Intelligent Business Sustainability
Source Author(s)/Editor(s): Sonia Singh (Toss Global Management, UAE), S. Suman Rajest (Dhaanish Ahmed College of Engineering, India), Slim Hadoussa (Brest Business School, France), Ahmed J. Obaid (University of Kufa, Iraq)and R. Regin (SRM Institute of Science and Technology, India)
DOI: 10.4018/979-8-3693-0049-7.ch024
Purchase
|
Abstract
In this chapter, the authors investigate the role of “renewable energy consumption” in the context of circular economy. They assume that the consumption of renewable energy is a proxy for the development of circular economy. They use data from the environmental, social, and governance (ESG) dataset of the World Bank for 193 countries in the period 2011-2020. They perform several econometric techniques (i.e., panel data with fixed effects, panel data with random effects, pooled ordinary least squares [OLS], weighted least squares [WLS]). The results show that “renewable energy consumption” is positively associated among others to “cooling degree days” and “adjusted savings: net forest depletion” and negatively associated among others to “greenhouse gas (GHG) net emissions/removals by land use change and forestry (LUCF)” and “mean drought index.” Furthermore, they perform a cluster analysis with the application of the k-Means algorithm and find the presence of four clusters. Finally, they compare eight different machine-learning algorithms to predict the value of renewable energy consumption.
Related Content
|
D. Lavanya, Divya Marupaka, Sandeep Rangineni, Shashank Agarwal, Latha Thammareddi, T. Shynu.
© 2024.
17 pages.
|
|
A. Sabarirajan, N. Arunfred, V. Bini Marin, Shouvik Sanyal, Rameshwaran Byloppilly, R. Regin.
© 2024.
14 pages.
|
|
P.S. Venkateswaran, M. Lishmah Dominic, Shashank Agarwal, Himani Oberai, Ila Anand, S. Suman Rajest.
© 2024.
16 pages.
|
|
Thangaraja Arumugam, R. Arun, R. Anitha, P. L. Swerna, R. Aruna, Vimala Kadiresan.
© 2024.
12 pages.
|
|
Thangaraja Arumugam, R. Arun, Sundarapandiyan Natarajan, Kiran Kumar Thoti, P. Shanthi, Uday Kiran Kommuri.
© 2024.
15 pages.
|
|
H. Hajra, G. Jayalakshmi.
© 2024.
17 pages.
|
|
H. Hajra, G. Jayalakshmi.
© 2024.
19 pages.
|
|
|