Wind energy and CO2 emissions: AMG estimations for selected countries.

Taner Güney,Emrah Üstündağ

doi:10.1007/s11356-021-17382-w

Abstract

This study analyzes the relationship between wind energy consumption, coal energy consumption, globalization, economic growth, and carbon emissions. Data from 37 countries for the period 2000-2019 are included in the analysis. To examine the long-term relationship between the variables, the AMG method, which considers the cross-section dependence and slope homogeneity, was used. According to the long-term coefficient estimates of the cointegrated variables, wind energy consumption has a statistically significant and negative effect on carbon emissions in the long run. For example, a 1% increase in wind energy consumption reduces carbon emissions by 0.018%. On the other hand, the variable of globalization has a statistically significant and positive effect on carbon emissions in the long run. A 1% increase in globalization increases carbon emissions by 0.107%. These findings show the importance of wind energy consumption in reducing carbon emissions.

Highlights

With the industrialization process experienced globally, the increase in the population of countries caused an increase in energy demand
The energy consumption rate increased by 44% in the period 1971-2014).(Eren, Taspinar, and Gokmenoglu 2019) In this period, especially fossil fuel consumption rates reached up to 80%
Increasing industrialization activities increased dependence on fossil fuels. This dependency is concentrated in the consumption of coal resources. All these processes have revealed the risk of decreasing non-renewable energy sources

Summary

Introduction

With the industrialization process experienced globally, the increase in the population of countries caused an increase in energy demand. Increasing industrialization activities increased dependence on fossil fuels This dependency is concentrated in the consumption of coal resources. All these processes have revealed the risk of decreasing non-renewable energy sources. Along with the problems experienced in resources, environmental problems have started to emerge (Baek 2016) Problems such as global warming and climate change have occurred with the use of fossil fuels (Ozturk and Acaravci 2010). Such increases in greenhouse gas and CO2 emissions have become dangerous for human life and living life.

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Conclusion