This paper aims to investigate the heterogeneous patterns of clean energy consumption at business cycle frequencies. Specifically, this paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their...

This work is aimed to explore the indirect impact of the EU's COVID-19 economic recession on global renewable energy consumption from the perspective of spillover effect. To this end, a global vector autoregressive (GVAR)-energy model was constructed based on the data of 33 major economies....

Lockdowns resulting from the COVID-19 pandemic have reduced overall energy demand but electricity generation from renewable sources has been resilient. While this partly reflects the trend increase in renewables, the empirical analysis presented in this paper highlights that recessions result in...

How do severe recessions, such as those brought about by the Global Financial Crisis or the COVID-19 pandemic, affect the composition of energy generation between green and dirty sources? Does creative destruction during recessions result in a sustained greening of the energy mix? The empirical...

This study investigates the relationship between the adoption of renewable energy and the sensitivity of inflation to changes in fossil energy prices across 69 countries over a 50-year period from 1973 to 2022. In the wake of recently increased oil and gas prices leading to a surge in inflation,...