Araştırma Makalesi

THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS

Cilt: 9 Sayı: 1 31 Mart 2024
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THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS

Öz

The advances in economies require the need to consume more energy. Non-renewable energy resources produce high amount of carbon emissions. With global warning concerns, reducing greenhouse gas emissions is priority. The research question is how effective wind energy is for reducing carbon emissions. This study includes a panel data analysis to test the effect of wind energy on carbon emissions. The variables used in this article are installed capacity of wind energy production, the ratio of wind energy consumption to primary energy consumption, and the ratio of wind energy production to total electricity consumption, real GDP and total population. According to the results, the increase in the ratio of wind energy consumption to primary energy consumption reduces carbon emissions. There are 33 countries available in this research which are divided into two categories; countries with higher than average and countries with lower than average. The effect is more significant for countries with higher than average carbon emissions. GDP is significant for carbon emissions but population is not significant according to the results. According to short run results, Installed capacity of wind energy production is not statistically significant. Coefficient estimation for the ratio of wind energy production to total electricity consumption is negative and statistically significant for all countries. The ratio of wind energy consumption to primary energy consumption reduces carbon emissions. The results are consistent with the literature. More incentives for renewable energy and wind energy in particular, would be beneficial for environmentally and economically sound investments.

Anahtar Kelimeler

Kaynakça

  1. Abolhosseini S., Heshmati A., Altmann J. (2014), A Review of Renewable Energy Supply and Energy Efficiency Technologies, IZA, 8145, 3.
  2. Akpan U.P. and Akpan G.E. (2012), The Contribution of Energy Consumption to Climate Change: A Feasible Policy Direction, International Journal of Energy Economics and Policy, 2:1, 21.
  3. Al-Mamory L. F. K. (2017). Feasibility Assessment and GHG Analysis For A 75mwh Wind Energy Project In Iraq. Masters Thesis University of Turkish Aeronautical Association, Ankara.
  4. Anser M.K., Hanif I., Alharthi M., and Chaudry I.S. (2020), Impact of fossil fuels, renewable energy consumption and industrial growth on carbon emissions in Latin American and Caribbean economies, Atmosfera, 33(3), 201.
  5. Ates T. (2007). Feasibility study of wind energy power plant in Trakya Region, Master’s Thesis, İstanbul Commerce University, Istanbul.
  6. Bond, S. and Eberhardt, M. (2013). Accounting for Unobserved Heterogeneity in Panel Time Series Models. Nuffield Collage, University of Oxford, Mimeo.
  7. BP Statistical Review of World Energy (2021), https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2021-full-report.pdf
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Ayrıntılar

Birincil Dil

İngilizce

Konular

Finans

Bölüm

Araştırma Makalesi

Erken Görünüm Tarihi

31 Mart 2024

Yayımlanma Tarihi

31 Mart 2024

Gönderilme Tarihi

8 Ağustos 2023

Kabul Tarihi

21 Şubat 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 9 Sayı: 1

Kaynak Göster

APA
Berk, C., Yağan, H., & Çevik, E. (2024). THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, 9(1), 12-20. https://doi.org/10.29106/fesa.1339465
AMA
1.Berk C, Yağan H, Çevik E. THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS. FESA. 2024;9(1):12-20. doi:10.29106/fesa.1339465
Chicago
Berk, Cem, Hamza Yağan, ve Emre Çevik. 2024. “THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS”. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 9 (1): 12-20. https://doi.org/10.29106/fesa.1339465.
EndNote
Berk C, Yağan H, Çevik E (01 Mart 2024) THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 9 1 12–20.
IEEE
[1]C. Berk, H. Yağan, ve E. Çevik, “THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS”, FESA, c. 9, sy 1, ss. 12–20, Mar. 2024, doi: 10.29106/fesa.1339465.
ISNAD
Berk, Cem - Yağan, Hamza - Çevik, Emre. “THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS”. Finans Ekonomi ve Sosyal Araştırmalar Dergisi 9/1 (01 Mart 2024): 12-20. https://doi.org/10.29106/fesa.1339465.
JAMA
1.Berk C, Yağan H, Çevik E. THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS. FESA. 2024;9:12–20.
MLA
Berk, Cem, vd. “THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS”. Finans Ekonomi ve Sosyal Araştırmalar Dergisi, c. 9, sy 1, Mart 2024, ss. 12-20, doi:10.29106/fesa.1339465.
Vancouver
1.Cem Berk, Hamza Yağan, Emre Çevik. THE EFFECT OF WIND ENERGY ON CARBON EMISSIONS. FESA. 01 Mart 2024;9(1):12-20. doi:10.29106/fesa.1339465