Analysis of the relationship between innovation, CO2 emission and renewable energy in Turkey

Selim İnançlı,Mustafa Torusdağ

doi:10.15637/jlecon.8.4.10

Abstract

Due to rapid technological development and increase in economic activities, environmental problems such as global warming and climate change, CO2 emission, environmental pollution are among significant global issues. In recent years, Eco-innovations, which are intended to benefit the environment and contribute to environmental sustainability, bring energy by saving technology, adding a new dimension to the concept of innovation as well as bringing its environmentalist face to the fore. In this study, the relationship between innovation, CO2 emissions and renewable energy for the 1990-2019 period for Turkey was examined and analyzed with Bayer-Hanck (2012) cointegration test together with Toda-Yamamoto (1995) and Hacker-Hatemi-J (2006) causality tests. According to Bayer-Hanck (2012) cointegration test, it was concluded that the variables are cointegrated in the long run. In line with the overlapping findings of the causality analyses of Toda Yamamoto (1995) and Hacker-Hatemi-J (2006), it was concluded that there is a one-way causality relationship from CO2 emissions to renewable energy consumption.

Highlights

Excessive energy consumption reduces the environmental quality and increases the CO2 emission rate (Apergis and Öztürk, 2015)
Godil et al (2020), it has been concluded that economic growth, technological innovation and renewable energy play an active role in reducing CO2 emissions in the transportation sector in China for the period 1990-2018, the increase in renewable energy and innovation reduces CO2 emissions in the Transportation sector, but the increase in GDP in the Transportation sector increases the CO2 emissions
In line with the the basic hypothesis stating that there is no cointegration relationship, Iannndovthateioanlternative energy to innovation hypothesis stating that there is a cointegration relationship acceptabNlNoet.oet:eI*n:****l,i*n*,e**,**w, *iintihdnidctiahctaeetethtahtatthtehevavraiaribalbelseasraerestsattaiotinoanrayryata1t%1%, 5, %5%anadnd101%0%sisginginfiicfiacnacnecelelvee cointegration test findings, it was concluded that the series are cointegraItenIdnoirondretdhreertoltooanpagpprlpuylnythftoehreTTodoad-aY-Yamamamamotooto(1(919959)5)anaanlaylsyissisexepxrpersessesdedininTTabalbele4,4t,hteh Tthorreuesddaiğff&erİennatnmçlıodels where the renewable energy, CO2 emissions andlelinengnntgohtvhamtmiuosuntsvtfiafrrisirtasbtblebesededteetremrminiende.d.TTheheapapprporporpiraitaetelalgaglelnegntghthwwasasdedteetremrminiendeda are taken as dependent variables, respectively

Summary

INTRODUCTION

Excessive energy consumption reduces the environmental quality and increases the CO2 emission rate (Apergis and Öztürk, 2015). The increase in global energy consumption has increased the use of fossil fuels, which in turn has increased CO2 emissions, causing climate change and environmental degradation. These negative effects forced governments to take measures and caused countries to sign the Kyoto Protocol agreement in 2005 in order to reduce greenhouse gas emissions and put it into effect. Since the increase in the use of renewable energy sources such as wood, hydro, solar, marine, wind, geothermal, biomass and hydrogen energy reduces CO2 emissions (Chiu and Chang, 2009), it eliminates the negative effects on the environment. With eco-technological innovations, low-carbon and efficient use of traditional

LITERATURE REVIEW

DATA AND METHODOLOGY

Findings

CONCLUSION