Research Article

Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors

Volume: 10 Number: 3 October 30, 2024
TR EN

Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors

Abstract

Effective environmental policies and an understanding of macroeconomic impacts on climate change mitigation are vital for achieving the sustainable development goals of the European Union countries. This paper aims to investigate the role of Environmental Policy Stringency (EPS) in climate change mitigation in EU countries from 2000 to 2021. This study employs the panel quantile regression model to investigate the potential role of environmental policy, economic growth, trade openness, foreign direct investments, and CO2 emissions on climate change mitigation at the 10th, 25th, 50th, and 75th, 90th percentiles. The findings indicate that environmental policy stringency, GDP per capita, and CO2 emissions have a positive effect on climate change mitigation at higher quantiles, while trade openness has a negative impact at all quantiles. Furthermore, the results provide a bidirectional causality between climate change mitigation and EPS. These findings emphasize the need for policymakers to carefully evaluate and integrate environmental policy stringency with economic, trade, and investment strategies to develop a comprehensive and effective approach to climate change mitigation.

Keywords

References

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Details

Primary Language

English

Subjects

Growth, Circular Economy, Development Economics

Journal Section

Research Article

Early Pub Date

October 29, 2024

Publication Date

October 30, 2024

Submission Date

July 18, 2024

Acceptance Date

September 9, 2024

Published in Issue

Year 2024 Volume: 10 Number: 3

APA
Ağan, B. (2024). Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors. Gazi İktisat Ve İşletme Dergisi, 10(3), 401-415. https://doi.org/10.30855/gjeb.2024.10.3.006
AMA
1.Ağan B. Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors. Gazi İktisat ve İşletme Dergisi. 2024;10(3):401-415. doi:10.30855/gjeb.2024.10.3.006
Chicago
Ağan, Büşra. 2024. “Climate Change Mitigation Dynamics in EU Countries: An Empirical Analysis of Environmental and Macroeconomic Factors”. Gazi İktisat Ve İşletme Dergisi 10 (3): 401-15. https://doi.org/10.30855/gjeb.2024.10.3.006.
EndNote
Ağan B (October 1, 2024) Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors. Gazi İktisat ve İşletme Dergisi 10 3 401–415.
IEEE
[1]B. Ağan, “Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors”, Gazi İktisat ve İşletme Dergisi, vol. 10, no. 3, pp. 401–415, Oct. 2024, doi: 10.30855/gjeb.2024.10.3.006.
ISNAD
Ağan, Büşra. “Climate Change Mitigation Dynamics in EU Countries: An Empirical Analysis of Environmental and Macroeconomic Factors”. Gazi İktisat ve İşletme Dergisi 10/3 (October 1, 2024): 401-415. https://doi.org/10.30855/gjeb.2024.10.3.006.
JAMA
1.Ağan B. Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors. Gazi İktisat ve İşletme Dergisi. 2024;10:401–415.
MLA
Ağan, Büşra. “Climate Change Mitigation Dynamics in EU Countries: An Empirical Analysis of Environmental and Macroeconomic Factors”. Gazi İktisat Ve İşletme Dergisi, vol. 10, no. 3, Oct. 2024, pp. 401-15, doi:10.30855/gjeb.2024.10.3.006.
Vancouver
1.Büşra Ağan. Climate change mitigation dynamics in EU countries: An empirical analysis of environmental and macroeconomic factors. Gazi İktisat ve İşletme Dergisi. 2024 Oct. 1;10(3):401-15. doi:10.30855/gjeb.2024.10.3.006