<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was applied to data collected from high-income countries in Europe in the period 1990–2020.The results showed that there was a positive and strong effect of renewable energy on reducing CO<sub>2</sub> emissions in the long term, but its effect in the short term was weak. Fossil energy and economic growth positively affected the increase in emissions. Likewise, the expected role of renewable energy in promoting economic growth was partially achieved in the short term, but was not achieved in the long term. The study encouraged the efforts of European countries to promote and accelerate the transition towards renewable energy in order to promote environmental safety and achieve energy independence from abroad.</p>
</abstract>

The research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was applied to data collected from high-income countries in Europe in the period 1990–2020.The results showed that there was a positive and strong effect of renewable energy on reducing CO2 emissions in the long term, but its effect in the short term was weak. Fossil energy and economic growth positively affected the increase in emissions. Likewise, the expected role of renewable energy in promoting economic growth was partially achieved in the short term, but was not achieved in the long term. The study encouraged the efforts of European countries to promote and accelerate the transition towards renewable energy in order to promote environmental safety and achieve energy independence from abroad.

Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe

Economics and Business

This work is licensed under the Creative Commons Attribution 4.0 International License.

The research paper considers the dual role of renewable energy in achieving environmental safety and promoting economic growth. The ARDL methodology was...

Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe

Published Online: Oct 13, 2023

Page range: 119 - 134

Received: Aug 15, 2023

Accepted: Sep 22, 2023

DOI: https://doi.org/10.2478/eb-2023-0008

Keywords
Autoregressive distributed lag (ARDL), Europe, CO emissions, economic growth, high-income countries, renewable energies

© 2023 Hafid Boudiaf, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Renewable Energy, Environment and GDP in High-Income Countries: Evidence from Europe

Published Online: Oct 13, 2023

Page range: 119 - 134

Received: Aug 15, 2023

Accepted: Sep 22, 2023

DOI: https://doi.org/10.2478/eb-2023-0008

KeywordsAutoregressive distributed lag (ARDL), Europe, CO emissions, economic growth, high-income countries, renewable energies

© 2023 Hafid Boudiaf, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Autoregressive distributed lag (ARDL), Europe, CO emissions, economic growth, high-income countries, renewable energies