Innovative Solutions for Combating Climate Change: Advancing Sustainable Energy and Consumption Practices for a Greener Future
Aylin Erdoğdu,
Faruk Dayi (fdayi@kastamonu.edu.tr),
Ahmet Yanik,
Ferah Yildiz and
Farshad Ganji
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Aylin Erdoğdu: Department of Finance and Banking, Faculty of Economics and Administrative Sciences, Istanbul Arel University, Istanbul 34295, Türkiye
Faruk Dayi: Department of Business Administration, Faculty of Economics and Administrative Sciences, Kastamonu University, Kastamonu 37160, Türkiye
Ahmet Yanik: Department of Business Administration, Faculty of Economics and Administrative Sciences, Recep Tayyip Erdoğan University, Rize 53100, Türkiye
Ferah Yildiz: Department of Business Administration, Faculty of Management, Kocaeli University, Kocaeli 41350, Türkiye
Farshad Ganji: Department of Finance and Banking, Faculty of Economics and Administrative Sciences, Istanbul Arel University, Istanbul 34295, Türkiye
Sustainability, 2025, vol. 17, issue 6, 1-39
Abstract:
This paper investigates strategies to address climate change by promoting sustainable energy technologies and consumption practices. It examines renewable energy sources such as solar, wind, and geothermal and their potential to reduce greenhouse gas emissions. The study also explores energy optimization techniques, focusing on genetic algorithms (GAs) and smart energy systems like smart grids and microgrids, which enhance energy efficiency and sustainability. The research highlights the role of the circular economy in fostering sustainable consumption through recycling and waste management. Furthermore, the paper explores the economic trade-offs between energy consumption and environmental harm, focusing on the impact of both renewable and fossil fuel energies. A dual methodological approach is employed: first, an endogenous growth model excluding environmental factors, followed by a modified version incorporating environmental considerations. Using a continuous genetic algorithm and data from 2000 to 2025, the study forecasts the optimal trajectory for renewable energy’s share in global energy consumption under two scenarios. The findings suggest that by 2025, renewable energy could represent 82.4% of the total energy consumption under environmental constraints, up from the current share of 45%. This growth is hindered by challenges like droughts, which impact hydropower production. The study concludes that achieving a sustainable energy transition requires comprehensive policies integrating renewable energy expansion, energy efficiency, and environmental protection. These findings provide important insights into optimizing energy pathways for economic growth and environmental sustainability. They also serve as a foundation for future research and policy recommendations, aiming to ensure a low emission future by balancing the need for energy consumption with the preservation of the environment.
Keywords: climate change solutions; sustainable energy; renewable energy; green technology; energy efficiency; carbon footprint reduction; eco-conscious consumerism (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:17:y:2025:i:6:p:2697-:d:1615135
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