The determinants of CO2 emissions: empirical evidence from Italy

João Cerdeira Bento

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates major determinants of CO2 emissions in a small open economy such as Italy over the period 1960-2012 using Granger causality and cointegration methods to ascertain short-run and long-run relationships between emissions, trade openness and energy consumption. The research findings do not support a possible decoupling between economic growth and energy consumption, so that energy conservation policies are expected to have a negative impact on economic growth. Therefore, the use of environmentally friendly and renewable energy sources, such as solar, hydro and wind power, should be further encouraged instead of fossil fuels ones.

Keywords: Emissions, energy-GDP relationship; energy policy; cointegration; Italy (search for similar items in EconPapers)
JEL-codes: C3 C32 Q4 Q43 Q50 (search for similar items in EconPapers)
Date: 2014-10-08
New Economics Papers: this item is included in nep-ene and nep-env
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:pra:mprapa:59166

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