Journal
ENERGY POLICY
Volume 133, Issue -, Pages -Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2019.110929
Keywords
Renewable energy consumption; Non-renewable energy consumption; CO2 emissions; Panel cointegration; Energy policy; Mediterranean countries
Ask authors/readers for more resources
In this article, we develop an empirical model to investigate the causal link amid renewable and non-renewable electricity consumption, GDP and carbon emissions by using a panel of 9 Mediterranean countries over the period 1980-2014. Using the PMG panel ARDL and panel econometric technics, heterogeneity and cross-sectional dependence among the panel were considered to explore the long and short-run dynamic relationships as well as the validity of a proposed model. The results provide panel empirical evidence that there is short-term bidirectional causality between GDP, renewable electricity consumption and CO2 emissions and between non-renewable electricity consumption, GDP and renewable electricity consumption. For the long-term causal relationship, the result indicates that there is bidirectional causality between non-renewable electricity consumption and CO2 emissions. However, there is evidence of unidirectional causal relationships from GDP to CO2 emissions and non-renewable electricity consumption and from renewable electricity consumption to CO2 emissions. The findings imply that non-renewable electricity consumption and economic growth stimulate CO2 emissions in southern and northern Mediterranean countries, while renewable electricity reduces them. This empirical evidence suggests that expansion of renewable energy sources is a viable strategy for addressing energy security and reducing carbon emissions to protect the environment for future generations.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available