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Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression

Muhammad Ramzan, Mohammad Razib Hossain, Hamid Eskandari Orcid Logo, Ummara Razi, Tamewa S Adeboya

Energy Economics, Volume: 145, Start page: 108436

Swansea University Author: Hamid Eskandari Orcid Logo

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Abstract

Universal access to energy is instrumental in the pursuit of sustainable development. However, energy security in the era of energy transition has become a massive challenge for energy stakeholders and policymakers. Prolonged winters and energy insecurity issues have forced residents in many Europea...

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Published in: Energy Economics
ISSN: 0140-9883 1873-6181
Published: Elsevier BV 2025
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URI: https://cronfa.swan.ac.uk/Record/cronfa69225
first_indexed 2025-04-04T09:38:34Z
last_indexed 2025-06-25T05:00:12Z
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spelling 2025-06-24T13:42:52.7224415 v2 69225 2025-04-04 Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression d2a47b056b55373889a9d19d2924f634 0000-0002-5515-9399 Hamid Eskandari Hamid Eskandari true false 2025-04-04 CBAE Universal access to energy is instrumental in the pursuit of sustainable development. However, energy security in the era of energy transition has become a massive challenge for energy stakeholders and policymakers. Prolonged winters and energy insecurity issues have forced residents in many European territories to depend more on pollution-intensive biomass energies (i.e., fuelwood), leading to a crackdown on establishing an ecological civilization. As such, we scrutinize how green energy transition (REN), information globalization (IGL), green innovation (GIN), and natural resources rent (RNT) help combat Spain's energy poverty. We use quarterly data from 1990-Q2 to 2021-Q4 and employ novel non-parametric multivariate quantile-on-quantile (M-QQR) and quantile-on-quantile Granger causality approaches. We note the following findings: 1) Renewable energy transition is instrumental in curbing Spain's hidden energy poverty. 2) As the real income falls, low-income residents' energy affordability gets compromised, while the opposite holds for an income hike. 3) Green innovation and resource rent strongly reduce Spain's energy poverty. 4) Moreover, information globalization improves Spain's access to electricity. The findings of our study offer significant policy implications, particularly in the context of the attainment of resilience in energy use through the green revolution aimed at achieving SDGs 7 and 13. These insights can help shape strategies and initiatives to foster sustainable development and address the challenges related to energy security and environmental sustainability. Journal Article Energy Economics 145 108436 Elsevier BV 0140-9883 1873-6181 Energy poverty; Green energy transition, information globalization, green innovation; Multivariate QQR; Spain 1 5 2025 2025-05-01 10.1016/j.eneco.2025.108436 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Not Required 2025-06-24T13:42:52.7224415 2025-04-04T10:23:46.1069396 Faculty of Humanities and Social Sciences School of Management - Business Management Muhammad Ramzan 1 Mohammad Razib Hossain 2 Hamid Eskandari 0000-0002-5515-9399 3 Ummara Razi 4 Tamewa S Adeboya 5
title Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
spellingShingle Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
Hamid Eskandari
title_short Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
title_full Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
title_fullStr Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
title_full_unstemmed Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
title_sort Winding down Spain's looming energy poverty amid green energy transition: Evidence from novel multivariate quantile-on-quantile (M-QQR) regression
author_id_str_mv d2a47b056b55373889a9d19d2924f634
author_id_fullname_str_mv d2a47b056b55373889a9d19d2924f634_***_Hamid Eskandari
author Hamid Eskandari
author2 Muhammad Ramzan
Mohammad Razib Hossain
Hamid Eskandari
Ummara Razi
Tamewa S Adeboya
format Journal article
container_title Energy Economics
container_volume 145
container_start_page 108436
publishDate 2025
institution Swansea University
issn 0140-9883
1873-6181
doi_str_mv 10.1016/j.eneco.2025.108436
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 0
active_str 0
description Universal access to energy is instrumental in the pursuit of sustainable development. However, energy security in the era of energy transition has become a massive challenge for energy stakeholders and policymakers. Prolonged winters and energy insecurity issues have forced residents in many European territories to depend more on pollution-intensive biomass energies (i.e., fuelwood), leading to a crackdown on establishing an ecological civilization. As such, we scrutinize how green energy transition (REN), information globalization (IGL), green innovation (GIN), and natural resources rent (RNT) help combat Spain's energy poverty. We use quarterly data from 1990-Q2 to 2021-Q4 and employ novel non-parametric multivariate quantile-on-quantile (M-QQR) and quantile-on-quantile Granger causality approaches. We note the following findings: 1) Renewable energy transition is instrumental in curbing Spain's hidden energy poverty. 2) As the real income falls, low-income residents' energy affordability gets compromised, while the opposite holds for an income hike. 3) Green innovation and resource rent strongly reduce Spain's energy poverty. 4) Moreover, information globalization improves Spain's access to electricity. The findings of our study offer significant policy implications, particularly in the context of the attainment of resilience in energy use through the green revolution aimed at achieving SDGs 7 and 13. These insights can help shape strategies and initiatives to foster sustainable development and address the challenges related to energy security and environmental sustainability.
published_date 2025-05-01T05:38:56Z
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