1. bookVolume 21 (2021): Issue 2 (December 2021)
Journal Details
License
Format
Journal
eISSN
1898-0198
First Published
06 May 2008
Publication timeframe
2 times per year
Languages
English
access type Open Access

The Relationship between Economic Growth, Energy Consumption and CO2 Emission in the Middle East and North Africa (MENA)

Published Online: 26 Nov 2021
Page range: 132 - 147
Received: 20 Feb 2021
Accepted: 20 Oct 2021
Journal Details
License
Format
Journal
eISSN
1898-0198
First Published
06 May 2008
Publication timeframe
2 times per year
Languages
English
Abstract

Research background: CO2 emissions are considered to be the main reason for global warming, and for this reason, their regulation is a very important issue for governments. Due to the increasing use of energy, carbon dioxide emissions have increased dramatically over the past century, with a direct link to economic growth and development. The relationship between CO2 emissions, growth and energy consumption is therefore at the heart of current economic issues.

Purpose: This study aimed at examining the relationship among economic growth, carbon dioxide (CO2) emissions and energy consumption in selected MENA countries, in the period 1995–2017.

Research methodology: To prove these relations, a stationary data panel methodology is used supported by unitary root and cointegration tests.

Results: The results indicated that there is a long-term relationship between CO2 emissions, energy consumption and GDP. In addition, it is found that the elasticity of CO2 emissions with respect to energy consumption is less than one (inelastic), and the elasticity of CO2 emissions with respect to GDP suggests the existence of an Environmental Kuznets Curve. An important finding is that energy consumption has a positive but relatively low effect on CO2 emissions. To reduce CO2 emissions, the countries of the MENA region are being called upon to increase significantly the use of renewable energies and the establishment of a more efficient energy policy.

Keywords

JEL Classification

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