RETRACTED ARTICLE: Public–private partnerships for energy transition: studying role of economic change and energy restructuring over the time

• Published in: Economic change and restructuring Vol. 57; no. 2; p. 81
• Main Authors: He, Mintian, Yang, Shuili
• Format: Journal Article
• Language: English
• Published: New York Springer US 01-05-2024; Springer Nature B.V
• Subjects: Clean energy; Clean technology; Development Economics; Economic change; Economic Growth; Economic Policy; Economics; Economics and Finance; Energy consumption; Energy poverty; Energy sources; Energy transition; Energy usage; Family relations; Human development; Human Development Index; International Economics; Macroeconomics/Monetary Economics//Financial Economics; Political Economy/Economic Systems; Pollution effects; Poverty; Public private partnerships; Renewable energy; India; Human development; Economic change; Partnership; Endogeneity; Energy poverty
• ISSN: 1573-9414; 1574-0277
• DOI: 10.1007/s10644-024-09606-z

The absence of consistent access to efficient energy sources has far-reaching consequences for people's health, their finances, and the economy as a whole. Using the UNDP human development index as a yardstick, this article compares and contrasts the effects of polluting versus clean energy sources on household economic growth, diverting attention away from the negative health consequences associated with energy poverty. Families who converted to renewable energy had an average 12.2% boost in family development, according to a comparison of 2005 and 2012 data from the Indian Human Development Survey. Taking into consideration the potential for endogeneity does not change the outcomes. We also found that, despite a surge in cleaner energy forms, families are still using polluting sources of power, which goes against our beliefs. Combating the increasing tendency for harmful energy usage requires government intervention and further research.