School of Science and Technology, MSc in Energy Systems
Sartzetakis, Eftichios S.
This dissertation is written as a part of the MSc in Energy Systems. This study
investigates if the presence of corruption or poor institutions has any effect on
promoting the renewable energy. Alternative models including corruption and
institutional estimates among the main drivers promoting renewable energy are
estimated. A set of eighty countries with yearly data from 2001 to 2011 is being used.
Panel data methodology of Fixed Effects and Random Effects is being applied. With the
estimation of different models that include the corruption and institutional estimates
we demonstrate the main drivers of the renewable energy. The main drivers of
renewables are estimated to be the share of the common energy resources and the GDP
per capita. The CO2 emission per capita, the energy use per capita, the growth of GDP
and the share of energy imports are not estimated as significant drivers for the
renewables. Regarding the corruptions and the institutional estimates, only the
Government effectiveness was proven to have a significant negative link with the share
of renewables. The links between the CPI, the Control of Corruption and the
Government Effectiveness are presented but they are not found significant.