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The Effect of Energy Usage, Economic Growth, and Financial Development on $CO_{2}$ Emission Management: An Analysis of OECD Countries with a High Environmental Performance Index
| Content Provider | MDPI |
|---|---|
| Author | Dilek, Şahin Ha, şim Bağcı Ceyda, Kaygın Szymczyk, Katarzyna |
| Copyright Year | 2021 |
| Description | The environmental performance index was developed to protect public health, and to sustain and manage the ecological vitality that is a crucial factor in countries’ social and economic development. The increase in $CO_{2}$ emissions has been threatening environmental and human health. The main objective of this study is to evaluate the impact of economic growth, energy consumption, energy management, the urban population, trade openness, and financial development on $CO_{2}$ emissions in the OECD countries that have a high ranking in the environmental performance index by utilizing the panel data analysis method for the years spanning 1990–2014. This assessment finds positive relationships between economic growth, energy consumption, and the urban population, and $CO_{2}$ emissions. Moreover, it is put forward that a negative and significant relationship between financial development and $CO_{2}$ emissions exists. Despite displaying a similar negative correlation, the relationship between trade openness and $CO_{2}$ emissions is insignificant. In the Dumitrescu-Hurlin panel causality test conducted, it was seen that a two-way causality is prevalent between energy consumption and $CO_{2}$ emissions. In addition, interrelations where $CO_{2}$ emissions cause trade openness, and the urban population is an explanatory variable of the former relationship, were discovered. |
| Starting Page | 4671 |
| e-ISSN | 19961073 |
| DOI | 10.3390/en14154671 |
| Journal | Energies |
| Issue Number | 15 |
| Volume Number | 14 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2021-08-01 |
| Access Restriction | Open |
| Subject Keyword | Energies Environmental Engineering Co2 Emission Carbon Management Economic Growth Energy Consumption Energy Management High Environmental Performance Index Oecd Countries |
| Content Type | Text |
| Resource Type | Article |
