Journal
ENERGY REPORTS
Volume 8, Issue -, Pages 2008-2021Publisher
ELSEVIER
DOI: 10.1016/j.egyr.2022.01.020
Keywords
CO2 emissions ; Financial development; Agriculture; Urbanization; Renewable energy consumption
Categories
Funding
- European Union [847402]
- National Research and Development Agency of Chile (ANID) [ANID/Fondap/15110019]
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Turkey lags behind in achieving its Sustainable Development Goals, with environmental deterioration being one of the primary issues. This research assesses the impact of renewable energy use, financial development, urbanization, and agriculture on CO2 emissions and proposes a policy framework based on the research findings for SDG implementation.
Turkey is a laggard in terms of the achievement of its Sustainable Development Goals (SDGs), and one of the primary issues it faces is environmental deterioration. Therefore, a policy-level reorientation may be needed to address this relevant issue. From this standpoint, this research assesses the impact of renewable energy (RE) use and financial development on the emissions of CO2 & nbsp;as well as the role of urbanization and agriculture, utilizing a dataset stretching between 1985 and 2019. By applying the innovative quantile-on-quantile regression (QQR) and non-parametric Granger causality in quantiles techniques, the study assesses the ways in which the quantiles of the independent variables affect the quantiles of CO2 emissions. The outcomes from the QQR show that in all quantiles, financial development, economic growth, urbanization, and agriculture impact CO2 & nbsp;emissions positively, while in the middle quantiles, the influence of renewable energy use on CO2 is negative. Furthermore, the outcomes from the non-parametric Granger causality test disclosed that in mean and variance, all the variables could predict CO2 emissions at different quantiles. A complete SDG-oriented policy framework has been proposed based on the research's findings so that Turkey may move toward reaching its SDG 13 and SDG 7 targets. (C)& nbsp;2022 The Author(s). Published by Elsevier Ltd.& nbsp;
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