Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe
The research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was applied to data collected from high-income countries in Europe in the period 1990–2020.The results showed that there was a positive and strong effe...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Riga Technical University Press
2023-01-01
|
| Series: | Economics and Business |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/eb-2023-0008 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841563436856639488 |
|---|---|
| author | Boudiaf Hafid |
| author_facet | Boudiaf Hafid |
| author_sort | Boudiaf Hafid |
| collection | DOAJ |
| description | The research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was applied to data collected from high-income countries in Europe in the period 1990–2020.The results showed that there was a positive and strong effect of renewable energy on reducing CO2 emissions in the long term, but its effect in the short term was weak. Fossil energy and economic growth positively affected the increase in emissions. Likewise, the expected role of renewable energy in promoting economic growth was partially achieved in the short term, but was not achieved in the long term. The study encouraged the efforts of European countries to promote and accelerate the transition towards renewable energy in order to promote environmental safety and achieve energy independence from abroad. |
| format | Article |
| id | doaj-art-59ab00e4f27845ba93e597d7406c381e |
| institution | Kabale University |
| issn | 2256-0394 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Riga Technical University Press |
| record_format | Article |
| series | Economics and Business |
| spelling | doaj-art-59ab00e4f27845ba93e597d7406c381e2025-01-02T23:51:30ZengRiga Technical University PressEconomics and Business2256-03942023-01-0137111913410.2478/eb-2023-0008Renewable Energy, Environment and GDP in High-Income Countries: Evidence from EuropeBoudiaf Hafid01University of Algiers 3, Algiers, AlgeriaThe research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was applied to data collected from high-income countries in Europe in the period 1990–2020.The results showed that there was a positive and strong effect of renewable energy on reducing CO2 emissions in the long term, but its effect in the short term was weak. Fossil energy and economic growth positively affected the increase in emissions. Likewise, the expected role of renewable energy in promoting economic growth was partially achieved in the short term, but was not achieved in the long term. The study encouraged the efforts of European countries to promote and accelerate the transition towards renewable energy in order to promote environmental safety and achieve energy independence from abroad.https://doi.org/10.2478/eb-2023-0008autoregressive distributed lag (ardl)europeco2 emissionseconomic growthhigh-income countriesrenewable energiesq43o55c22 |
| spellingShingle | Boudiaf Hafid Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe Economics and Business autoregressive distributed lag (ardl) europe co2 emissions economic growth high-income countries renewable energies q43 o55 c22 |
| title | Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe |
| title_full | Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe |
| title_fullStr | Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe |
| title_full_unstemmed | Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe |
| title_short | Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe |
| title_sort | renewable energy environment and gdp in high income countries evidence from europe |
| topic | autoregressive distributed lag (ardl) europe co2 emissions economic growth high-income countries renewable energies q43 o55 c22 |
| url | https://doi.org/10.2478/eb-2023-0008 |
| work_keys_str_mv | AT boudiafhafid renewableenergyenvironmentandgdpinhighincomecountriesevidencefromeurope |