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

Öz

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

• Konya Causality Test
• CO2 emissions,renewable energy
• economic growth

Yükselen Piyasa Ekonomilerinde CO2 Emisyonu, Yenilenebilir Enerji Tüketimi ve Ekonomik Büyüme İlişkisi

Öz

Bu çalışmada 19 yükselen piyasa ekonomisi için 1990-2019 periyodunda CO2 emisyonu, yenilenebilir enerji tüketimi ve ekonomik büyüme arasındaki nedensel ilişki yatay kesit bağımlılığı ve heterojenliği dikkate alan Konya (2006) panel nedensellik testi ile incelenmiştir. Elde edilen bulgulara göre, yükselen piyasa ekonomilerinde çoğunlukla tarafsızlık hipotezi geçerlidir. Dolayısıyla, daha düşük CO2 emisyonuna neden olan çevre dostu politikalar büyümeyi olumsuz etkilemeden alternatif bir yol olarak yaygınlaştırılabilir. Bu amaçla vergi ve teşviklerle yenilenebilir enerji yatırımlarının artması desteklenirken geleneksel enerji bağımlılığını azaltmaya yönelik küresel ölçekte kısıtlamaların daha katı ve kapsayıcı bir şekilde uygulanması önerilmektedir.

Anahtar Kelimeler

• Konya nedensellik testi.
• CO2 emisyonu; yenilenebilir enerji tüketimi
• ekonomik büyüme

Kaynakça

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