Dampening energy security-related uncertainties in the United States: The role of green energy-technology investment and operation of transnational corporations
Yükleniyor...
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier
Erişim Hakkı
info:eu-repo/semantics/embargoedAccess
Özet
Several studies provide that the green energy transition is critical to attaining environmental sustainability.
However, the extent to which investment in green energy technologies influence energy-related uncertainties is
not well known. This study set out to investigate the effect of green energy-technology investment and operation
of Transnational Corporations (TNCs) on the United States energy security uncertainties over the period
1974–2020. Applying econometric techniques using the Kernel-based regularized least squares (KRLS) and
nonparametric multivariate quantile-on-quantile regression (MQQR), we show that green energy-technology
investment dampens uncertainties related to energy security. The results also demonstrate that while eco nomic expansion is negatively associated with the United States’ energy security uncertainties, the operational
behaviours of TNCs via direct investment by foreigners and trade openness amplify energy security uncertainty
matrices. Furthermore, the effects of green energy-technology investment, operational behaviours of TNCs,
economic expansion, and trade openness exhibit an inherent heterogeneity, leading to the asymmetric pattern in
the distribution of the United States energy security-related uncertainties. Notably, these results are confirmed by
the disaggregated models for energy security uncertainties with the exception of the environmental-related risks
sub-index which dampens as a result of the operation of TNCs. Given these findings, the study suggests, among
others, the need for government and policymakers to increase investment in renewable energy R&D technology
to dampen energy security-related uncertainties and achieve a sustainable environment.
Açıklama
Anahtar Kelimeler
Green energy-technology investment, Operation of TNCs, Energy security uncertainty, KRLS technique
Kaynak
Energy
WoS Q Değeri
Q1
Scopus Q Değeri
N/A
Cilt
289
