Exploring the dynamic and multifaceted effects of globalization on renewable energy sources through advanced nonparametric modeling techniques.

There is a growing global demand for clean energy, driven by concerns over global warming and the need to decrease greenhouse gas emissions. This research uses a nonparametric approach to analyze the correlation between industrialization and the use of clean energy sources in 16 countries between 1995 and 2020. We utilize a technique called the local linear dummy variable estimate to monitor the effects of globalization on the development of sustainable power over time. An unfavorable and economically important link was found between industrialization and the use of sustainable energy supplies from 2003 to 2012, as determined by an examination of nonparametric econometric techniques. Still, it started moving in the opposite direction, becoming significant and positive after 2014. In addition, we discover that globalization has various effects on the various indices of the use of renewable energy sources. The research also reveals that the effects of globalization on RES vary across different regions, with some regions experiencing more significant benefits than others. Overall, the study provides valuable insights into the complex relationship between globalization and RES and highlights the need for further research to inform policy decisions and promote sustainable development.
(© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)