Impact of oil rents, oil prices, and investment taxes on renewable energy consumption and investment: An investigation

The aim of this paper is to explore the relationship between oil rents and renewable energy consumption provide evidence on significance effects prices investment taxes investment. Two different panel data samples were used: six variables for 44 countries utilized prove that rents’ are an independent variable causing consumption, five 10 higher lead levels For both samples, Granger causality test, unit root correlation matrix, fixed random multiple regressions, Hausman cointegration test performed. adds narrow literature determinants mainly rents. It also provides further how can findings confirm “oil rents” directly affect variations in as they a selling price oil-dependent products. However, no was found prices. Taxes effective instrument changing people's businesses' behaviour. Given numerous advantages investment, governments must make plans create regulations laws compel gradual transition from non-renewable using other behavioral incentives.