Article 2024 · 1 atıf

The Relationship between CO2 Emission, Renewable Energy Consumption and Economic Growth in Emerging Market Economies

Özet

In this study, the causal relationship between CO2 emissions, renewable energy consumption, and economic growth for 19 emerging market economies during the period of 1990-2019 was examined using the Konya (2006) panel causality test, considering cross-sectional dependence and heterogeneity. According to the findings, the neutrality hypothesis is mostly valid in emerging market economies. Therefore, environmentally friendly policies that lead to lower CO2 emissions can be promoted as an alternative path without negatively affecting economic growth. In this regard, it is recommended to increase renewable energy investments through taxes and incentives while implementing more stringent and comprehensive global restrictions to reduce traditional energy dependence.

Anahtar Kelimeler

CO2 Emissions Renewable Energy Consumption Economic Growth Konya Causality Test GRANGER CAUSALITY ANALYSIS NONRENEWABLE ENERGY CARBON EMISSIONS PANEL-DATA OECD COUNTRIES NEXUS EVIDENCE GDP MODEL

WoS Kategorileri

Economics

Sürdürülebilir Kalkınma Amaçları

Sorumlu Üretim ve Tüketim İklim Eylemi Erişilebilir ve Temiz Enerji Sanayi, Yenilikçilik ve Altyapı İnsana Yakışır İş ve Ekonomik Büyüme

Künye

Dergi: ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES
Yıl: 2024
Cilt: 19
Sayı: 2
Sayfa: 415-433
ISSN: 1306-6730
DOI: 10.17153/oguiibf.1346055
WoS UID: WOS:001302639400004

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