Research Article

CO2 Emissions Forecast Based on Renewable and Non-Renewable Energy Consumption in Türkiye

Volume: 9 Number: 1 April 15, 2025
TR EN

CO2 Emissions Forecast Based on Renewable and Non-Renewable Energy Consumption in Türkiye

Abstract

This study aims to reveal the impact of renewable and non-renewable energy consumption on CO2 emissions in Türkiye and the potential to reach the CO2 emission level targeted in the 2030 Paris Agreement. In the first stage, the cointegration relationship was analyzed with the AARDL model approach using annual data for 1965-2022. According to the results of the analysis, in the long run, non-renewable energy consumption increases CO2 emissions, while renewable energy consumption decreases CO2 emissions. In the second phase of the research, three scenarios were prepared for each of renewable and non-renewable energy consumption. For nine scenarios, including combinations of these scenarios, CO2 emissions that may occur until 2030 were estimated using the econometric simulation method. According to the estimation results, the low non-renewable energy consumption and high renewable energy consumption scenario was determined as the scenario that can reduce CO2 emissions the most until 2030. However, even in this case, it is understood that more investment in renewable energy will be required since the 2030 CO2 emission reduction target will not be achieved. Therefore, policymakers need to enact policies to increase incentives for renewable energy generation in both the public and private sectors and take steps to improve the necessary infrastructure.

Keywords

References

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Details

Primary Language

English

Subjects

Economic Models and Forecasting

Journal Section

Research Article

Publication Date

April 15, 2025

Submission Date

December 2, 2024

Acceptance Date

March 21, 2025

Published in Issue

Year 2025 Volume: 9 Number: 1

APA
Coşkun, H., & Eygü, H. (2025). CO2 Emissions Forecast Based on Renewable and Non-Renewable Energy Consumption in Türkiye. Uluslararası Ekonomi İşletme Ve Politika Dergisi, 9(1), 1-19. https://doi.org/10.29216/ueip.1594788

Cited By

International Journal of Economics, Business and Politics

Recep Tayyip Erdogan University
Faculty of Economics and Administrative Sciences

Department of Economics

RIZE / TÜRKİYE