Renewable Energy and CO<sub>2</sub> Emissions: Empirical Evidence from Major Energy-Consuming Countries
The goal of this study was to contribute to the ongoing debate on the relationship between renewable energy (RE) and CO<sub>2</sub> emissions. In particular, we explored the link between RE and CO<sub>2</sub> emissions in a sample of major renewable energy-consuming countries...
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| Autores principales: | , , |
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| Formato: | article |
| Lenguaje: | EN |
| Publicado: |
MDPI AG
2021
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/488f1e2734a04c04bda9746d253be26a |
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| Sumario: | The goal of this study was to contribute to the ongoing debate on the relationship between renewable energy (RE) and CO<sub>2</sub> emissions. In particular, we explored the link between RE and CO<sub>2</sub> emissions in a sample of major renewable energy-consuming countries for the period 2000–2015. Therefore, the major contribution of this study was to answer the question of whether a substantial shift to renewable energy consumption will lead to lower CO<sub>2</sub> emissions. Using the two-step generalized method of moments (GMM) estimator, our empirical results suggested that RE has a significant negative effect on CO<sub>2</sub> emissions. For example, a one percentage point increase in RE leads to a 0.5% decrease in CO<sub>2</sub> emissions. |
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