Abstract
Given that carbon dioxide emissions is the main reason of environmental pollution and global warming, this paper attempts to investigate the impact of gross domestic product (GDP) per capita, electricity production from different sources (including renewable and non-renewable energy) and industrial sector share in GDP on Carbon dioxide emissions (CO2) for a Euro Mediterranean panel of 25 countries using dynamic panel data model for the period 2002-2016. The paper uses the Hausman test and panel unit root test in order to verify the stationary of the variables series employed. Generalized least square estimator is used for building Panel regression model. The results indicate a significant positive impact of economic growth and electricity output from coal on CO2 emissions In contrast, renewable resources have a negative impact on CO2 emission. Keywords: Caron Dioxide Emissions, Renewable Energy, Euro MediterraneanJEL Classifications: C23, O13, P18, P28, P48, Q42DOI: https://doi.org/10.32479/ijeep.8254
Highlights
Since the industrial revolution, human activities have contributed substantially to climate change by adding carbon dioxide (CO2) and other heat trapping gases to the atmosphere
The findings indicated that gross domestic product (GDP) per capita and GDP per capita squared have the impacts on CO2 emissions positively and negatively, respectively, and that renewable energy consumption has a negative impact on CO2 emissions
The results indicate that the consumption of renewable energy reduce the carbon dioxide emissions by 0.0420% when the consumption of alternative sources increases in 1% in short-run
Summary
Human activities have contributed substantially to climate change by adding carbon dioxide (CO2) and other heat trapping gases to the atmosphere. The emissions of these greenhouse gases (GHG) have increased the greenhouse effect and caused Earth’s surface temperature to rise (EPA, 2017). CO2 is considered main source of greenhouse gases and is one of the most important causes of increasing global warming and climate change (IPCC, 2014). United Nations Framework Convention on Climate Change in the Rio Earth Summit 1992 was considered the first and most important international agreement aiming to control environmental pollution (United Nations, 1992). A few years later, in 1997, the Kyoto Protocol was signed to legally a bind emission reduction targets for developed countries (United Nations, 1998)
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