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Abstract Keeping the world livable, the policy makers are giving their extended focus on green energy. They are trying to move on hand-on-hand with rising green energy and lessening carbon dioxide (CO2) emission steading the economic activities specially for the open and developing countries. This can be helpful to provide a more lucrative economic environment to meet the extended demand of the society. The paper highlights to find out whether the economic growth, renewable energy consumption, fossil fuel-based energy generation and CO2 emission are significantly impactful on renewable energy generation or not? Is there any mutual, bi-directorial, unidirectional relationship with each other? For this, the Vector Autoregression (VAR) model is run. The paper focuses on six EU countries who are practicing auction scheme for deploying robust green energy (especially solar and wind) by reducing dependency on fossil fuel and expanding their economy with less CO2 emission. The result of the analysis shows that a positive influence of each concern variable on renewable energy (RE) generation and auction scheme might have a significant impact if robustness of the generation occurs.         Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-09-27 How to Cite Alam, S. M. T. (2022). Renewable Energy (Solar and Wind) Generation and its Effect on some Variables for Selected EU Countries with Panel VAR Model. International Journal of Energy Economics and Policy, 12(5), 303–310. https://doi.org/10.32479/ijeep.13292 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 5 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Make a Submission Make a Submission Dergi Kapağı

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