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Does Renewable Energy Sector Affect $Industrialization-CO_{2}$ Emissions Nexus in Europe and Central Asia?
| Content Provider | MDPI |
|---|---|
| Author | Waldemar, Tarczyński Mentel, Grzegorz Dylewski, Marek Salahodjaev, Raufhon |
| Copyright Year | 2022 |
| Description | Current research assesses the impact of industrialization and the renewable energy sector on greenhouse gas emissions, proxied by $CO_{2}$ emissions in Europe and Central Asia. We rely on a two-step system GMM estimator on a sample of 48 countries over the period 2000–2018. Empirical results show that industrialization has a positive effect on $CO_{2}$ emissions: a 10% increase in industry value added as % of GDP leads to an increase of 2.6% in $CO_{2}$ emissions. In contrast, renewable energy mitigates $CO_{2}$ emissions. Ten percentage points increase in renewable energy consumption reduces $CO_{2}$ emissions per capita by 2.2%. The interaction term between renewable energy and industry value added is negative, suggesting that renewable energy consumption compensates for the negative effect of industrialization on environmental quality. Our main results also confirm the U-shaped inverted relationship between GDP per capita and $CO_{2}$ emissions. Our study has a number of policy implications and avenues for future research. |
| Starting Page | 5877 |
| e-ISSN | 19961073 |
| DOI | 10.3390/en15165877 |
| Journal | Energies |
| Issue Number | 16 |
| Volume Number | 15 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2022-08-13 |
| Access Restriction | Open |
| Subject Keyword | Energies Environmental Engineering Industrialization Renewable Energy Co2 Emissions Europe and Central Asia |
| Content Type | Text |
| Resource Type | Article |
