Renewable Energy and CO 2 Emissions: Empirical Evidence from Major Energy-Consuming Countries

Yongming Huang, Zebo Kuldasheva and Raufhon Salahodjaev
Additional contact information
Yongming Huang: Institute for Region and Urban-Rural Development, Center for Industrial Development and Regional Competitiveness, Wuhan University, Wuhan 730072, China
Zebo Kuldasheva: Institute for Region and Urban-Rural Development, Center for Industrial Development and Regional Competitiveness, Wuhan University, Wuhan 730072, China

Energies, 2021, vol. 14, issue 22, 1-10

Abstract: The goal of this study was to contribute to the ongoing debate on the relationship between renewable energy (RE) and CO 2 emissions. In particular, we explored the link between RE and CO 2 emissions in a sample of major renewable energy-consuming countries for the period 2000–2015. Therefore, the major contribution of this study was to answer the question of whether a substantial shift to renewable energy consumption will lead to lower CO 2 emissions. Using the two-step generalized method of moments (GMM) estimator, our empirical results suggested that RE has a significant negative effect on CO 2 emissions. For example, a one percentage point increase in RE leads to a 0.5% decrease in CO 2 emissions.

Keywords: renewable energy; CO 2 emissions; two-step GMM (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/22/7504/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/22/7504/ (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:gam:jeners:v:14:y:2021:i:22:p:7504-:d:675947

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().