The impact of the oil price in the energy transition towards renewable energy consumption: dynamic panel threshold analysis

Key Points

• Renewable energy consumption is significantly influenced by fluctuations in oil prices, highlighting a key link.
• The analysis shows a notable threshold effect, where specific oil price levels impact the transition to renewables.
• Dynamic panel threshold analysis was employed to assess the relationship over time and across various contexts.
• These findings indicate that energy policy may need to adapt according to oil price fluctuations for effective transition strategies.