Industrialization and CO2 Emissions: Accounting for the role of Renewable Energy in OIC Member States

Raufhon Salahodjaev, Bekhzod Djalilov, Islomjon Kobiljonov, Shukhrat Otajonov and Nargiza Kasimova
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Bekhzod Djalilov: Tashkent Metropolitan University, Tashkent, Uzbekistan
Islomjon Kobiljonov: Tashkent Metropolitan University, Tashkent, Uzbekistan.
Shukhrat Otajonov: Department for Formation and Monitoring of State Programs of Scientific and Innovative Activity, Ministry of Innovative Development of the Republic of Uzbekistan, Uzbekistan
Nargiza Kasimova: Tashkent Institute of Finance, Tashkent, Uzbekistan

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 5, 37-43

Abstract: The aim of this study is to assess the relationship between industrialization and CO2 emissions in a sample of OIC member states over the period 1995-2020. The study adopts panel data methods such as two-step system GMM estimator to account for the problems of endogeneity and simultaneity. The empirical results suggest that industrializing has positive effect on CO2 emissions. In contrast, renewable energy and financial development has pollution inhibiting impact on CO2 emissions. Our results also show that GDP and ICT usage leads to a rise in CO2 emissions. The policy implications of the study are discussed.

Keywords: Industrialization; Renewable Energy; CO2 Emissions; Human Capital (search for similar items in EconPapers)
JEL-codes: Q40 Q50 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-05-6

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