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In recent years, most countries have shown keen interest in achieving spectacular economic development through diversifying and sophisticating their export growths. This growth uprising process requires energy consumption. Amid this scenario, this study delves into whether the disaggregate energy consumption (renewable and non-renewable) promotes export diversification and sophistication strategies in OECD countries during 1990–2019. The contribution of this study is to construct two novel indices, e.g., export diversification and sophistication and incorporate them into the study model as the dependent variables. Moreover, using the CS-ARDL approach, the study finds that disaggregate energy consumption contributes to spurring export diversification and sophistication for the OECD countries where non-renewable energy consumption's influence is more potent than renewable energy. Besides, the regressors, such as FDI, human capital, and institutional quality, also promote export diversification and sophistication in the OECD countries. Finally, this research validates the findings yielded from the CS-ARDL method by employing the System GMM (SGMM) approach due to the endogeneity issue appearing in the panel data. This study puts notable policy recommendations based on explored findings. [ABSTRACT FROM AUTHOR]

Many researchers investigate the socio-demographic and economic factors-induced energy consumption, particularly fossil fuel-based non-renewable energy consumption, but there exists a scarcity to study on the same factors-driven renewable energy consumption along with institutional quality factor. Given this, our research strives to analyse the relative influence of income growth, foreign direct investment, domestic investment, urbanization, physical infrastructure, and institutional quality on renewable and non-renewable energy consumption in Bangladesh for the period of 1990–2019 using the dynamic ARDL (DARDL) simulations method. The empirical findings divulge that income growth shows positive and negative effect on renewable and non-renewable energy consumption, respectively. Domestic investment has positive effect for renewable and non-renewable energy consumption. Foreign direct investment is found to have positive influencing factor for renewable energy consumption. Urbanization negatively impacts renewable energy consumption but urbanization affects non-renewable energy consumption positively. Physical infrastructure is a negative and positive determinant of renewable and non-renewable energy consumption, respectively. Institutional quality positively affects renewable energy consumption. The robustness of the results is comparatively exhibited using the DARDL simulations area plots where 20% positive and negative shocks to the predictors on the predicted variables are presented. [Display omitted] • Influencing factors of renewable and non-renewable energy consumption are discussed. • Economic growth promotes renewable energy consumption. • Domestic investment adds to renewable energy consumption. • Foreign direct investment promotes and declines non-renewable energy consumption. • Physical infrastructure is a negative and significant determinant of renewable energy consumption. [ABSTRACT FROM AUTHOR]

The global shift towards clean energy sources necessitates a substantial supply of critical minerals to drive renewable energy technologies such as concentrating solar-thermal power (CSP) and solar photovoltaics (PV). This growing demand for mineral resources underscores the need to examine the import-demand function of minerals in relation to solar energy generation in China, spanning the period from 1996 to 2019. By employing both conventional autoregressive distributed lag (ARDL) and dynamic ARDL (DARDL) simulation methods, our study reveals a positive and significant long-term relationship between mineral import demand and installed solar capacity. Furthermore, our analysis demonstrates that the average mineral price elasticity adheres to the Marshallian demand premise, while the substitution effect between mineral prices and oil prices contradicts this premise. Conversely, the impact of exchange rates on mineral import demand is found to be negligible. However, our findings indicate that long-term economic growth fosters mineral import demand. To ensure the robustness of our results, we conduct a dynamic ARDL simulation-based counterfactual analysis to measure the threshold level of mineral response to (±) shocks in the regressors, including oil and mineral prices, exchange rates, and GDP growth. These findings provide valuable insights for policy recommendations in China, emphasizing the importance of maximizing mineral resources to augment solar power production and achieve the global objective of a carbon-neutral landscape in the twenty-first century. [ABSTRACT FROM AUTHOR]