CO2 Emissions and Energy Technologies in Western Europe

Josué Barrera-Santana, Gustavo Marrero, Luis Puch and Antonia Díaz
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Josué Barrera-Santana: Universidad de La Laguna and CEDESOG.

No 2021-07, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: In this paper we investigate the path to the green transition in Europe. In so doing, we implement an empirical model of dynamic panel data on a sample of sixteen Western European countries over the period 1980 to 2019. The model is consistent with various features of neo- classical growth theory incorporating energy use. Our focus is on the short-run determinants of carbon emissions within that set of countries. We provide evidence that the relationship between economic activity and CO2 emissions is strong in economies where economic booms depend on energy intensive sectors. Also, the mitigating role of renewable energy technologies is key when energy intensity rebounds. These circumstances may constitute a challenge for the climate transition goals targeted in the EU’s Recovery Plan, whose main objective at this very moment is to mitigate the economic and social impact of the coronavirus pandemic.

Keywords: CO2 Emissions; Energy; Business Cycles; Panel Data. (search for similar items in EconPapers)
JEL-codes: C23 Q43 Q5 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2021-03
New Economics Papers: this item is included in nep-ene, nep-env, nep-reg and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: CO2 emissions and energy technologies in Western Europe (2021)
Working Paper: CO2 Emissions and Energy Technologies in Western Europe (2021)
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