Do Tourism and Renewable Energy Influence CO2 Emissions in Tourism-Dependent Countries?

Zebo Kuldasheva, Maaz Ahmad, Raufhon Salahodjaev and Mochammad Fahlevi ()
Additional contact information
Zebo Kuldasheva: Department of World Economy, Tashkent State University of Economics, Uzbekistan
Maaz Ahmad: Department of World Economy, Tashkent State University of Economics, Uzbekistan

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 6, 146-152

Abstract: The global community gathered in 2015 in Paris to join efforts in order to mitigate the impact of global warming by decreasing carbon emissions. As tourism is viewed as one of the essential causes of global warming, policymakers are searching for tools to decrease the carbon footprint of the tourism sector by introducing energy efficiency strategies. This study aims to contribute to the energy-emissions debate by accounting for the presence of the tourism sector. In particular, we offer novel evidence on the effect of renewable energy on CO2 emissions in a sample of 50 most tourism-oriented countries over the period from 2000 to 2015. Using a two-step GMM estimator, we find that a one percent increase in renewable energy consumption leads to a one percent decrease in CO2 emissions. We also confirm the presence of the Environmental Kuznets Curve phenomena in tourism-oriented countries. Based on the empirical findings, the study suggests that the policymakers of the top tourist-oriented countries initiate more renewable energy-based activities to achieve sustainable economic development.

Keywords: CO2 Emissions; Tourism; Renewable Energy; Tourism-dependent Countries; GMM (search for similar items in EconPapers)
JEL-codes: L83 Q20 Q53 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14410/7552 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14410 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-06-16

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().