What does this research mean for the field?

Geopolitical risk positively impacts renewable energy consumption at the firm level, with the effect varying based on the country's oil trade status, energy diversification, and economic development. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

To evaluate the impact of geopolitical risk on corporate renewable energy consumption and assess how this relationship differs across distinct national economic and energy environments.

September 5, 2026International Journal of Development Issues

Geopolitical risk and renewable energy consumption: evidence from a global firm-level study

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Authors

MPM PattanaikIndian Institute of Technology Kharagpur JMJitendra MahakudIndian Institute of Technology Kharagpur

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Overview

Econometric panel analysis demonstrates increased renewable energy consumption in global firms during periods of heightened geopolitical risk, highlighting energy security as a corporate...

Key Points

To evaluate the impact of geopolitical risk on corporate renewable energy consumption and assess how this relationship differs across distinct national economic and energy environments.
Analyzed an international panel of 2,008 firms across 29 countries using data spanning 2014 to 2022.
Employed ordinary least squares (OLS) regression models with industry and year fixed effects, applying alternative variable measures and endogeneity tests for robustness.
Geopolitical risk exhibited a statistically significant positive effect on firm-level renewable energy consumption.
The magnitude of the relationship varied based on whether firms operated in oil-importing versus oil-exporting nations, emerging versus developed markets, and countries with high versus low energy diversification.

Cite This Study

Pattanaik et al. (2026) studied this question.

synapsesocial.com/papers/6a9bd3e16b95aff0620eb061 https://doi.org/10.1108/ijdi-02-2026-0072

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September 5, 2026International Journal of Development Issues

Geopolitical risk and renewable energy consumption: evidence from a global firm-level study

View Full Paper

Ask AI

Bookmark

Authors

MPM PattanaikIndian Institute of Technology Kharagpur JMJitendra MahakudIndian Institute of Technology Kharagpur

Discussion

Member takes

Overview

Econometric panel analysis demonstrates increased renewable energy consumption in global firms during periods of heightened geopolitical risk, highlighting energy security as a corporate...

Key Points

To evaluate the impact of geopolitical risk on corporate renewable energy consumption and assess how this relationship differs across distinct national economic and energy environments.
Analyzed an international panel of 2,008 firms across 29 countries using data spanning 2014 to 2022.
Employed ordinary least squares (OLS) regression models with industry and year fixed effects, applying alternative variable measures and endogeneity tests for robustness.
Geopolitical risk exhibited a statistically significant positive effect on firm-level renewable energy consumption.
The magnitude of the relationship varied based on whether firms operated in oil-importing versus oil-exporting nations, emerging versus developed markets, and countries with high versus low energy diversification.

Cite This Study

Pattanaik et al. (2026) studied this question.

synapsesocial.com/papers/6a9bd3e16b95aff0620eb061 https://doi.org/10.1108/ijdi-02-2026-0072

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