Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy
<p dir="ltr">This article examines the influence of renewable energy consumption, real GDP per capita, exports and imports on consumption-based CO<sub>2</sub> emissions in Azerbaijan from 1993 to 2019 by employing the Dynamic Ordinary Least Squares Method (DOLS). The resu...
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| مؤلفون آخرون: | , , |
| منشور في: |
2022
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| _version_ | 1864513507223928832 |
|---|---|
| author | Shahriyar Mukhtarov (19325662) |
| author2 | Fuzuli Aliyev (19467958) Javid Aliyev (19325665) Richard Ajayi (19467961) |
| author2_role | author author author |
| author_facet | Shahriyar Mukhtarov (19325662) Fuzuli Aliyev (19467958) Javid Aliyev (19325665) Richard Ajayi (19467961) |
| author_role | author |
| dc.creator.none.fl_str_mv | Shahriyar Mukhtarov (19325662) Fuzuli Aliyev (19467958) Javid Aliyev (19325665) Richard Ajayi (19467961) |
| dc.date.none.fl_str_mv | 2022-12-22T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su15010134 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Renewable_Energy_Consumption_and_Carbon_Emissions_Evidence_from_an_Oil-Rich_Economy/26808523 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Environmental sciences Environmental management renewable energy CO2 emissions DOLS Azerbaijan |
| dc.title.none.fl_str_mv | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This article examines the influence of renewable energy consumption, real GDP per capita, exports and imports on consumption-based CO<sub>2</sub> emissions in Azerbaijan from 1993 to 2019 by employing the Dynamic Ordinary Least Squares Method (DOLS). The results reveal that renewable energy consumption has a negative impact on CO<sub>2</sub> emissions, while real GDP per capita has a positive effect. According to the findings, a 1% increase in renewable energy consumption leads to a 0.26% decrease in consumption-based CO<sub>2</sub> emissions, while a 1% rise in real GDP per capita leads to a 0.46% rise in consumption-based CO<sub>2</sub> emissions. In addition, imports and exports show positive and negative effects respectively. Numerically, a 1% rise in imports results in a 0.18% rise in CO<sub>2</sub> emissions, whereas a 1% increase in exports reduces CO<sub>2</sub> emissions by 0.16%. This is consistent with expectations and theoretical outcomes described in the functional specification and data section. The negative influence of renewable energy consumption, as well as the larger effect of imports, emphasize the necessity of implementing ecologically friendly measures in both energy sectors (particularly, the need to increase the share of renewable energy in total energy use) and international trade.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su15010134" target="_blank">https://dx.doi.org/10.3390/su15010134</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_da5ac100c9c0ac2479250ea90c6267a6 |
| identifier_str_mv | 10.3390/su15010134 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/26808523 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich EconomyShahriyar Mukhtarov (19325662)Fuzuli Aliyev (19467958)Javid Aliyev (19325665)Richard Ajayi (19467961)EconomicsApplied economicsEnvironmental sciencesEnvironmental managementrenewable energyCO2 emissionsDOLSAzerbaijan<p dir="ltr">This article examines the influence of renewable energy consumption, real GDP per capita, exports and imports on consumption-based CO<sub>2</sub> emissions in Azerbaijan from 1993 to 2019 by employing the Dynamic Ordinary Least Squares Method (DOLS). The results reveal that renewable energy consumption has a negative impact on CO<sub>2</sub> emissions, while real GDP per capita has a positive effect. According to the findings, a 1% increase in renewable energy consumption leads to a 0.26% decrease in consumption-based CO<sub>2</sub> emissions, while a 1% rise in real GDP per capita leads to a 0.46% rise in consumption-based CO<sub>2</sub> emissions. In addition, imports and exports show positive and negative effects respectively. Numerically, a 1% rise in imports results in a 0.18% rise in CO<sub>2</sub> emissions, whereas a 1% increase in exports reduces CO<sub>2</sub> emissions by 0.16%. This is consistent with expectations and theoretical outcomes described in the functional specification and data section. The negative influence of renewable energy consumption, as well as the larger effect of imports, emphasize the necessity of implementing ecologically friendly measures in both energy sectors (particularly, the need to increase the share of renewable energy in total energy use) and international trade.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su15010134" target="_blank">https://dx.doi.org/10.3390/su15010134</a></p>2022-12-22T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su15010134https://figshare.com/articles/journal_contribution/Renewable_Energy_Consumption_and_Carbon_Emissions_Evidence_from_an_Oil-Rich_Economy/26808523CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/268085232022-12-22T09:00:00Z |
| spellingShingle | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy Shahriyar Mukhtarov (19325662) Economics Applied economics Environmental sciences Environmental management renewable energy CO2 emissions DOLS Azerbaijan |
| status_str | publishedVersion |
| title | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| title_full | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| title_fullStr | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| title_full_unstemmed | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| title_short | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| title_sort | Renewable Energy Consumption and Carbon Emissions: Evidence from an Oil-Rich Economy |
| topic | Economics Applied economics Environmental sciences Environmental management renewable energy CO2 emissions DOLS Azerbaijan |