Green shoots in uncertain times: Decoding the asymmetric nexus between monetary policy uncertainty and renewable energy

The global economic landscapes are overshadowed by monetary policy uncertainty (MPU), challenging various sectors. However, its impact on renewable energy consumption (REC) remains ambiguous, reflecting the sector's complex interplay with economic forces. This study seeks to unravel the complexities by examining how fluctuations in monetary policy affect REC in key emerging economies, including China, India, Russia, Brazil, South Africa, Indonesia, Mexico, Turkey, Nigeria, and Vietnam. Previous studies predominantly relied on panel data techniques, overlooking the distinct traits of individual nations. In contrast, this investigation employs the refined Quantile-on-Quantile approach to meticulously analyze the…