Skip to main content
SpringerLink
Log in

Factors Affecting Clean Energy Investments for Zero Emissions: OECD Countries

  • Chapter
  • First Online:
Clean Energy Investments for Zero Emission Projects

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

  • 436 Accesses

Abstract

Clean energy production is becoming the basic need of countries day by day in order to reach the zero-emission target. In particular, energy production with the opportunities offered by nature constitutes the first energy policy of countries. Contrary to the positive effect of clean energy production on environmental factors, significant investments are needed in terms of cost. Especially the high initial setup and operating costs of clean energy-producing facilities and long installation phases are perceived as two essential factors for clean energy. This part of the book includes a statistical analysis of factors, such as country populations, economic indicators, environmental parameters, life expectancy, and rate of energy produced from clean energy, which affects clean energy investments for zero emissions. The data on these factors belong to the OECD members. Based on the results, countries will reach the minimum level in their zero-emission target by increasing the share of clean energy in the total energy produced and taking the factors considered in clean energy production.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Abbasi, T., & Abbasi, S. A. (2010). Biomass energy and the environmental impacts associated with its production and utilization. Renewable and Sustainable Energy Reviews, 14(3), 919–937. https://doi.org/10.1016/j.rser.2009.11.006

    Article  Google Scholar 

  • Acaravcı, A., & Erdoğan, S. (2018). Yenilenebilir Enerji, Çevre ve Ekonomik Büyüme İlişkisi: Seçilmiş Ülkeler için Ampirik Bir Analiz. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 13(1), 53–64. https://doi.org/10.17153/oguiibf.359419

    Article  Google Scholar 

  • Aceleanu, M. I., Șerban, A. C., Pociovălișteanu, D. M., & Dimian, G. C. (2017). Renewable energy: A way for a sustainable development in Romania. Energy Sources, Part B: Economics, Planning, and Policy, 12(11), 958–963. https://doi.org/10.1080/15567249.2017.1328621

    Article  Google Scholar 

  • Adalı, Z., Dinçer, H., Eti, S., Mikhaylov, A., & Yüksel, S. (2022). Identifying new perspectives on geothermal energy investments. In Multidimensional strategic outlook on global competitive energy economics and finance. Emerald Publishing Limited.

    Google Scholar 

  • Aman, M. M., Solangi, K. H., Hossain, M. S., Badarudin, A., Jasmon, G. B., Mokhlis, H., Bakar, A. H. A., & Kazi, S. (2015). A review of Safety, Health and Environmental (SHE) issues of solar energy system. Renewable and Sustainable Energy Reviews, 41, 1190–1204. https://doi.org/10.1016/j.rser.2014.08.086

    Article  Google Scholar 

  • Atalan, A. (2020). Forecasting for healthcare expenditure of turkey covering the years of 2018-2050. Gümüşhane Üniversitesi Sağlık Bilimleri Dergisi, 9(1), 8–16. https://doi.org/10.37989/gumussagbil.538111

    Article  Google Scholar 

  • Atalan, A. (2021). Effect of healthcare expenditure on the correlation between the number of nurses and doctors employed. International Journal of Health Management and Tourism, 6(2), 515–525. https://doi.org/10.31201/ijhmt.949500

    Article  Google Scholar 

  • Atalan, Y. A., Tayanç, M., Erkan, K., & Atalan, A. (2020). Development of nonlinear optimization models for wind power plants using box-Behnken design of experiment: A case study for Turkey. Sustainability (Switzerland). https://doi.org/10.3390/su12156017

  • Ayaz Atalan, Y., & Atalan, A. (2021). Development of design of experiment optimization to obtain high-quality sugar. İstatistik ve Uygulamalı Bilimler Dergisi, 2(1), 1–7. https://doi.org/10.52693/jsas.908537

    Article  Google Scholar 

  • Babiker, M., Reilly, J. M., & Jacoby, H. D. (2000). The Kyoto Protocol and developing countries. Energy Policy, 28(8), 525–536. https://doi.org/10.1016/S0301-4215(00)00033-1

    Article  Google Scholar 

  • Bagher, A. M., Vahid, M., Mohsen, M., & Parvin, D. (2015). Hydroelectric energy advantages and disadvantages. American Journal of Energy Science, 2(2), 17–20.

    Google Scholar 

  • Bao, C., & Xu, M. (2019). Cause and effect of renewable energy consumption on urbanization and economic growth in China’s provinces and regions. Journal of Cleaner Production, 231, 483–493. https://doi.org/10.1016/j.jclepro.2019.05.191

    Article  Google Scholar 

  • Barbur, V. A., Montgomery, D. C., & Peck, E. A. (1994). Introduction to linear regression analysis. The Statistician, 43(2), 339. https://doi.org/10.2307/2348362

    Article  Google Scholar 

  • Bhuiyan, M. A., Dinçer, H., Yüksel, S., Mikhaylov, A., Danish, M. S. S., Pinter, G., et al. (2022). Economic indicators and bioenergy supply in developed economies: QROF-DEMATEL and random forest models. Energy Reports, 8, 561–570.

    Article  Google Scholar 

  • Bildirici, M. E. (2013). Economic growth and biomass energy. Biomass and Bioenergy, 50, 19–24. https://doi.org/10.1016/j.biombioe.2012.09.055

    Article  Google Scholar 

  • Commission, E. (2014). Living well, within the limits of our planet. In COM(2012) 710 final. https://doi.org/10.2779/57220.

  • DeLong, J. P., Burger, O., & Hamilton, M. J. (2010). Current demographics suggest future energy supplies will be inadequate to slow human population growth. PLoS One, 5(10), e13206. https://doi.org/10.1371/journal.pone.0013206

    Article  Google Scholar 

  • Dinçer, H., Yüksel, S., & Martínez, L. (2022). Collaboration enhanced hybrid fuzzy decision-making approach to analyze the renewable energy investment projects. Energy Reports, 8, 377–389.

    Article  Google Scholar 

  • Ding, Z., Yüksel, S., & Dincer, H. (2021). An Integrated Pythagorean fuzzy soft computing approach to environmental management systems for sustainable energy pricing. Energy Reports, 7, 5575–5588.

    Article  Google Scholar 

  • Dong, W., Zhao, G., Yüksel, S., Dinçer, H., & Ubay, G. G. (2022). A novel hybrid decision-making approach for the strategic selection of wind energy projects. Renewable Energy, 185, 321–337.

    Article  Google Scholar 

  • Emodi, V. N., Yusuf, S. D., & Boo, K.-J. (2014). The necessity of the development of standards for renewable energy technologies in nigeria. Smart Grid and Renewable Energy, 05(11), 259–274. https://doi.org/10.4236/sgre.2014.511024

    Article  Google Scholar 

  • Fang, S., Zhou, P., Dinçer, H., & Yüksel, S. (2021). Assessment of safety management system on energy investment risk using house of quality based on hybrid stochastic interval-valued intuitionistic fuzzy decision-making approach. Safety Science, 141, 105333.

    Article  Google Scholar 

  • Felice, E., Pujol Andreu, J., & D’Ippoliti, C. (2016). GDP and life expectancy in Italy and Spain over the long run: A time-series approach. Demographic Research, 35, 813–866. https://doi.org/10.4054/DemRes.2016.35.28

    Article  Google Scholar 

  • Gielen, D., Boshell, F., Saygin, D., Bazilian, M. D., Wagner, N., & Gorini, R. (2019). The role of renewable energy in the global energy transformation. Energy Strategy Reviews, 24, 38–50. https://doi.org/10.1016/j.esr.2019.01.006

    Article  Google Scholar 

  • Haiyun, C., Zhixiong, H., Yüksel, S., & Dinçer, H. (2021). Analysis of the innovation strategies for green supply chain management in the energy industry using the QFD-based hybrid interval valued intuitionistic fuzzy decision approach. Renewable and Sustainable Energy Reviews, 143, 110844.

    Article  Google Scholar 

  • Harjanne, A., & Korhonen, J. M. (2019). Abandoning the concept of renewable energy. Energy Policy, 127, 330–340. https://doi.org/10.1016/j.enpol.2018.12.029

    Article  Google Scholar 

  • International Energy Agency (IEA). (2021). Global Energy Review 2021. https://www.iea.org/reports/global-energy-review-2021/renewables

  • Islam, M. R., Mekhilef, S., & Saidur, R. (2013). Progress and recent trends of wind energy technology. Renewable and Sustainable Energy Reviews, 21, 456–468. https://doi.org/10.1016/j.rser.2013.01.007

    Article  Google Scholar 

  • Kaplan, Y. A. (2015). Overview of wind energy in the world and assessment of current wind energy policies in Turkey. Renewable and Sustainable Energy Reviews, 43, 562–568. https://doi.org/10.1016/j.rser.2014.11.027

    Article  Google Scholar 

  • Keskin, A. (2020). G20 Ülkelerinin CO2 Emisyonları Ve Kişi başına Düşen Milli gelirin 1960-2012 Dönemi Arasındaki Amprik Analizi. Journal of Civilization Studies, 5(1), 25–38.

    Google Scholar 

  • Khuri, A. I. (2013). Introduction to Linear Regression Analysis, Fifth Edition by Douglas C. Montgomery, Elizabeth A. Peck, G. Geoffrey Vining. International Statistical Review. https://doi.org/10.1111/insr.12020_10.

  • Köne, A. Ç., & Büke, T. (2010). Forecasting of CO2 emissions from fuel combustion using trend analysis. Renewable and Sustainable Energy Reviews, 14(9), 2906–2915. https://doi.org/10.1016/j.rser.2010.06.006

    Article  Google Scholar 

  • Kostis, P., Dinçer, H., & Yüksel, S. (2022). Knowledge-based energy investments of european economies and policy recommendations for sustainable development. Journal of the Knowledge Economy, 1–33. https://doi.org/10.1007/s13132-022-00972-5

  • Kou, G., Yüksel, S., & Dinçer, H. (2022). Inventive problem-solving map of innovative carbon emission strategies for solar energy-based transportation investment projects. Applied Energy, 311, 118680.

    Article  Google Scholar 

  • Küçük, G., & Yüce Dural, B. (2022). Avrupa Yeşil Mutabakatı ve Yeşil Ekonomiye Geçiş: Enerji Senaryoları Üzerinden Bir Değerlendirme. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 22(1), 137–156. https://doi.org/10.18037/ausbd.1095137

    Article  Google Scholar 

  • Li, K., & Lin, B. (2015). Impacts of urbanization and industrialization on energy consumption/CO2 emissions: Does the level of development matter? Renewable and Sustainable Energy Reviews, 52, 1107–1122. https://doi.org/10.1016/j.rser.2015.07.185

    Article  Google Scholar 

  • Li, J., Yüksel, S., Dınçer, H., Mikhaylov, A., & Barykin, S. E. (2022). Bipolar q-ROF hybrid decision making model with golden cut for analyzing the levelized cost of renewable energy alternatives. IEEE Access, 10, 42507–42517.

    Article  Google Scholar 

  • Liddle, B., & Lung, S. (2010). Age-structure, urbanization, and climate change in developed countries: revisiting STIRPAT for disaggregated population and consumption-related environmental impacts. Population and Environment, 31(5), 317–343. https://doi.org/10.1007/s11111-010-0101-5

    Article  Google Scholar 

  • Liu, J., Lv, J., Dinçer, H., Yüksel, S., & Karakuş, H. (2021). Selection of renewable energy alternatives for green blockchain investments: A hybrid IT2-based fuzzy modelling. Archives of Computational Methods in Engineering, 28(5), 3687–3701.

    Article  Google Scholar 

  • Madlener, R., & Sunak, Y. (2011). Impacts of urbanization on urban structures and energy demand: What can we learn for urban energy planning and urbanization management? Sustainable Cities and Society, 1(1), 45–53. https://doi.org/10.1016/j.scs.2010.08.006

    Article  Google Scholar 

  • Magazzino, C. (2012). On the relationship between disaggregated energy production and GDP in Italy. 23(8), 1191–1207. https://doi.org/10.1260/0958-305X.23.8.1191.

  • Meng, Y., Wu, H., Zhao, W., Chen, W., Dinçer, H., & Yüksel, S. (2021). A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects. Financial Innovation, 7(1), 1–34.

    Article  Google Scholar 

  • Montgomery, D. C., Peck, E. A., & Vining, G. G. (2012). Introduction to linear regression analysis (5th ed.). John Wiley & Sons.

    Google Scholar 

  • Mukhtarov, S., Yüksel, S., & Dinçer, H. (2022). The impact of financial development on renewable energy consumption: Evidence from Turkey. Renewable Energy, 187, 169–176.

    Article  Google Scholar 

  • Nasruddin, Idrus Alhamid, M., Daud, Y., Surachman, A., Sugiyono, A., Aditya, H. B., & Mahlia, T. M. I. (2016). Potential of geothermal energy for electricity generation in Indonesia: A review. Renewable and Sustainable Energy Reviews, 53, 733–740. https://doi.org/10.1016/j.rser.2015.09.032

    Article  Google Scholar 

  • Nepal, R., & Paija, N. (2019). Energy security, electricity, population and economic growth: The case of a developing South Asian resource-rich economy. Energy Policy, 132, 771–781. https://doi.org/10.1016/j.enpol.2019.05.054

    Article  Google Scholar 

  • O’Rourke, F., Boyle, F., & Reynolds, A. (2010). Tidal energy update 2009. Applied Energy, 87(2), 398–409. https://doi.org/10.1016/j.apenergy.2009.08.014

    Article  Google Scholar 

  • Owusu, P. A., & Asumadu-Sarkodie, S. (2016). A review of renewable energy sources, sustainability issues and climate change mitigation. Cogent Engineering, 3(1), 1167990. https://doi.org/10.1080/23311916.2016.1167990

    Article  Google Scholar 

  • Polat, A., & Önder, H. (2018). Enerji Tüketiminin GSYİH ile İlişkisi: OECD Ülkeleri Panel Veri Analizi. Journal of Research in Economics. https://doi.org/10.24954/mjecon.2018.18

  • Pui, D. Y. H., Chen, S.-C., & Zuo, Z. (2014). PM 2.5 in China: Measurements, sources, visibility and health effects, and mitigation. Particuology, 13, 1–26. https://doi.org/10.1016/j.partic.2013.11.001

    Article  Google Scholar 

  • Qu, W. H., Xu, L., Qu, G. H., Yan, Z. J., & Wang, J. X. (2017a). The impact of energy consumption on environment and public health in China. Natural Hazards, 87(2), 675–697. https://doi.org/10.1007/S11069-017-2787-5/FIGURES/5

    Article  Google Scholar 

  • Qu, W.-H., Xu, L., Qu, G.-H., Yan, Z.-J., & Wang, J.-X. (2017b). The impact of energy consumption on environment and public health in China. Natural Hazards, 87(2), 675–697. https://doi.org/10.1007/s11069-017-2787-5

    Article  Google Scholar 

  • Requia, W. J., Adams, M. D., & Koutrakis, P. (2017). Association of PM2.5 with diabetes, asthma, and high blood pressure incidence in Canada: A spatiotemporal analysis of the impacts of the energy generation and fuel sales. Science of the Total Environment, 584–585, 1077–1083. https://doi.org/10.1016/j.scitotenv.2017.01.166

    Article  Google Scholar 

  • Sampaio, P. G. V., & González, M. O. A. (2017). Photovoltaic solar energy: Conceptual framework. Renewable and Sustainable Energy Reviews, 74, 590–601. https://doi.org/10.1016/j.rser.2017.02.081

    Article  Google Scholar 

  • Serezli, E., Yüksel, S., Tamer, İ., & Dinçer, H. (2021). The role of innovative renewable energy investment strategies on macroeconomic stability. In Financial strategies in competitive markets (pp. 165–178). Springer.

    Chapter  Google Scholar 

  • Seydiogullari, H. S. (2013). Renewable energy for sustainable development. Journal of Planning, 23(1), 19–25. https://doi.org/10.5505/planlama.2013.14633

    Article  Google Scholar 

  • Shahzad, U. (2015). The need for renewable energy sources. International Journal of Information Technology and Electrical Engineering, 2, 16–18.

    Google Scholar 

  • Shengfeng, X., Sheng, X. M., Tianxing, Z., & Xuelli, Z. (2012). The relationship between electricity consumption and economic growth in China. Physics Procedia, 24, 56–62. https://doi.org/10.1016/j.phpro.2012.02.010

    Article  Google Scholar 

  • Shetty, C., & Priyam, A. (2021). A review on tidal energy technologies. Materials Today: Proceedings. https://doi.org/10.1016/j.matpr.2021.10.020.

  • Silva, S. N., & del Castillo, J. Á. (2021). An approach of the hydropower: advantages and impacts. A review. Journal of Energy Research and Reviews, 10–20. https://doi.org/10.9734/jenrr/2021/v8i130201

  • Sorrell, S. (2015). Reducing energy demand: A review of issues, challenges and approaches. Renewable and Sustainable Energy Reviews, 47, 74–82. https://doi.org/10.1016/j.rser.2015.03.002

    Article  Google Scholar 

  • Subagyo, S., Moh Yanuar, J. P., Bambang, P. N., & Saleh, A. (2021). Substitution of energy needs with renewable energy sources. IOP Conference Series: Earth and Environmental Science, 927(1), 012032. https://doi.org/10.1088/1755-1315/927/1/012032

    Article  Google Scholar 

  • Vakulchuk, R., Overland, I., & Scholten, D. (2020). Renewable energy and geopolitics: A review. Renewable and Sustainable Energy Reviews, 122, 109547. https://doi.org/10.1016/j.rser.2019.109547

    Article  Google Scholar 

  • Welsby, D., Price, J., Pye, S., & Ekins, P. (2021). Unextractable fossil fuels in a 1.5 °C world. Nature, 597(7875), 230–234. https://doi.org/10.1038/s41586-021-03821-8

    Article  Google Scholar 

  • Xie, Y., Zhou, Y., Peng, Y., Dinçer, H., Yüksel, S., & an Xiang, P. (2021). An extended pythagorean fuzzy approach to group decision-making with incomplete preferences for analyzing balanced scorecard-based renewable energy investments. IEEE Access, 9, 43020–43035.

    Article  Google Scholar 

  • Yang, B., Guo, J., & Xiao, C. (2018). Effect of PM2.5 environmental pollution on rat lung. Environmental Science and Pollution Research, 25(36), 36136–36146. https://doi.org/10.1007/s11356-018-3492-y

    Article  Google Scholar 

  • Yüksel, S., Dinçer, H., Çağlayan, Ç., Uluer, G. S., & Lisin, A. (2022). Bitcoin mining with nuclear energy. In Multidimensional strategic outlook on global competitive energy economics and finance. Emerald Publishing Limited.

    Google Scholar 

  • Yüksel, S., Mikhaylov, A., Ubay, G. G., & Uyeh, D. D. (2021). The role of hydrogen in the Black Sea for the future energy supply security of Turkey. In Handbook of research on strategic management for current energy investments (pp. 1–15). IGI Global.

    Chapter  Google Scholar 

  • Zhang, M., Liu, X., Wang, W., & Zhou, M. (2013). Decomposition analysis of CO2 emissions from electricity generation in China. Energy Policy, 52, 159–165. https://doi.org/10.1016/j.enpol.2012.10.013

    Article  Google Scholar 

  • Zhao, Y., Xu, Y., Yüksel, S., Dinçer, H., & Ubay, G. G. (2021). Hybrid IT2 fuzzy modelling with alpha cuts for hydrogen energy investments. International Journal of Hydrogen Energy, 46(13), 8835–8851.

    Article  Google Scholar 

  • Zhe, L., Yüksel, S., Dinçer, H., Mukhtarov, S., & Azizov, M. (2021). The positive influences of renewable energy consumption on financial development and economic growth. SAGE Open, 11(3), 21582440211040133.

    Article  Google Scholar 

  • Zhou, P., Luo, J., Cheng, F., Yüksel, S., & Dinçer, H. (2021). Analysis of risk priorities for renewable energy investment projects using a hybrid IT2 hesitant fuzzy decision-making approach with alpha cuts. Energy, 224, 120184.

    Article  Google Scholar 

  • Zhou, W., Zhu, B., Chen, D., Griffy-Brown, C., Ma, Y., & Fei, W. (2012). Energy consumption patterns in the process of China's urbanization. Population and Environment, 33(2–3), 202–220. https://doi.org/10.1007/s11111-011-0133-5

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Faculty of Engineering and Architecture, Yozgat Bozok University, Yozgat, Turkey

    Yasemin Ayaz Atalan

  2. Faculty of Political Science, İstanbul Medeniyet University, Istanbul, Turkey

    Abdulkadir Keskin

  3. Faculty of Engineering and Natural Sciences, Gaziantep Islam Science and Technology University, Gaziantep, Turkey

    Abdulkadir Atalan

Authors
  1. Yasemin Ayaz Atalan
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Abdulkadir Keskin
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Abdulkadir Atalan
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Abdulkadir Keskin .

Editor information

Editors and Affiliations

  1. Business and Management, Istanbul Medipol University, Istanbul, Turkey

    Hasan Dinçer

  2. Business and Management, Istanbul Medipol University, Istanbul, Turkey

    Serhat Yüksel

Rights and permissions

Reprints and permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Atalan, Y.A., Keskin, A., Atalan, A. (2022). Factors Affecting Clean Energy Investments for Zero Emissions: OECD Countries. In: Dinçer, H., Yüksel, S. (eds) Clean Energy Investments for Zero Emission Projects. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-031-12958-2_17

Download citation

Publish with us

Policies and ethics

Search

Navigation