1. bookTom 18 (2022): Zeszyt 2 (June 2022)
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
1801-3422
Pierwsze wydanie
16 Apr 2015
Częstotliwość wydawania
2 razy w roku
Języki
Angielski
access type Otwarty dostęp

Impacts of Renewable Energy on CO2 Emission: Evidence from the Visegrad Group Countries

Data publikacji: 12 Jul 2022
Tom & Zeszyt: Tom 18 (2022) - Zeszyt 2 (June 2022)
Zakres stron: 295 - 315
Informacje o czasopiśmie
License
Format
Czasopismo
eISSN
1801-3422
Pierwsze wydanie
16 Apr 2015
Częstotliwość wydawania
2 razy w roku
Języki
Angielski
Abstract

EU policies aim to develop renewable energy share in both production and consumption of total energy and increase the efforts to mitigate climate change. As relatively new EU members, the Visegrad countries aimed to adopt these targets. Therefore, climate change mitigation and CO2 emissions reduction are important issues in Visegrad countries. In this paper, we examine the renewable energy consumption and CO2 emissions relationship in the Visegrad countries. We use the Fully Modified Ordinary Least Square (FMOLS) model to estimate the long-run relationship between the variables using annual data from the period of 2000–2018. The variables used are CO2 emissions, GDP per capita, renewable energy consumption and urban population. The results show that there is cointegration among the variables. The estimated FMOLS model shows that GDP and population increase CO2 consumption, and renewable energy consumption decreases CO2 emissions. Results show that renewable energy consumption has a decreasing effect on CO2 emissions.

Keywords

Adewuyi, A. O. – Awodumi, O. B. (2017): Biomass energy consumption, economic growth and carbon emissions: Fresh evidence from West Africa using a simultaneous equation model. Energy, 119, available at: https://doi.org/10.1016/j.energy.2016.12.059.Search in Google Scholar

Al-Mulali, U. – Ozturk, I. – Lean, H. H. (2015): The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Natural Hazards, 79(1), 621–644. available at: https://doi.org/10.1007/s11069-015-1865-9.Search in Google Scholar

Apergis, N. – Payne, J. E. (2010): Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38(1), 656–660. available at: https://doi.org/10.1016/j.enpol.2009.09.002.Search in Google Scholar

Baltagi, B. H. – Feng, Q. – Kao, C. (2012). A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model. Journal of Econometrics, 170(1), 164–177. available at: https://doi.org/10.1016/j.jeconom.2012.04.004.Search in Google Scholar

Bauerová, H. (2018). The V4 and European Integration. Politics in Central Europe, 14, 121–139. available at: https://doi.org/10.2478/pce-2018-0012.Search in Google Scholar

Breusch, T. S. – Pagan, A. R. (1980): The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics. The Review of Economic Studies, 47(1), 239–253. available at: https://doi.org/10.2307/2297111Search in Google Scholar

Brodny, J. – Tutak, M. (2021): The comparative assessment of sustainable energy security in the Visegrad countries. A 10-year perspective. Journal of Cleaner Production, 317, 128427. available at: https://doi.org/10.1016/j.jclepro.2021.128427.Search in Google Scholar

Brusenbauch Meislova, M. (2019): Great Expectations or Misplaced Hopes? The Role of the Visegrád Group in the Brexit Process. Europe-AsiaStudies, 71(8), 1261–1284. available at: https://doi.org/10.1080/09668136.2019.1643825Search in Google Scholar

Cabada, L. – Waisová, Š. (2018): The Visegrad Group as an Ambitious Actor of (Central-)European Foreign and Security Policy. Politics in Central Europe, 14(2), 9–20. available at: https://doi.org/10.2478/pce-2018-0006Search in Google Scholar

Capros, P. – Kannavou, M. – Evangelopoulou, S. – Petropoulos, A. – Siskos, P. – Tasios, N. – Zazias, G., – DeVita, A. (2018): Outlook of the EU energy system up to 2050: The case of scenarios prepared for European Commission’s “clean energy for all Europeans” package using the PRIMES model. Energy Strategy Reviews, 22, 255–263. available at: https://doi.org/10.1016/j.esr.2018.06.009Search in Google Scholar

Čeryová, D. – Turčeková, N. – Svetlanská, T. – Kapustová, Z. – Ďurišová, E. (2018): Renewable Energy Market in V4 Countries. International Scientific Days 2018 : Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems. available at: https://doi.org/10.15414/isd2018.s4.03.Search in Google Scholar

Charfeddine, L. – Kahia, M. (2019): Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis. Renewable Energy, 139, 198–213. available at: https://doi.org/10.1016/j.renene.2019.01.010.Search in Google Scholar

Chichilnisky, G. (2010): The Missing Signal: How Ecological Prices Change Markets and Decision Making. 1–21.Search in Google Scholar

Chodkowska-Miszczuk, J. – Kulla, M. – Novotný, L. (2017): The role of energy policy in agricultural biogas energy production in Visegrad countries. Bulletin of Geography. Socio–Economic Series, 35, 19–34.10.1515/bog-2017-0002Search in Google Scholar

De Hoyos, R. E. – Sarafidis, V. (2006): Testing for Cross-Sectional Dependence in Panel-Data Models. The Stata Journal, 6(4), 482–496. available at: https://doi.org/10.1177/1536867X0600600403.Search in Google Scholar

Dzikuć, M. – Wyrobek, J. – Popławski, Ł. (2021): Economic Determinants of Low-Carbon Development in the Visegrad Group Countries. Energies, 14(13), 3823. https://doi.org/10.3390/en14133823.Search in Google Scholar

EUR. (2001). DIRECTIVE 2009/28/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC. available at: https://eur-lex.europa.eu/eli/dir/2009/28/oj.Search in Google Scholar

Fleming, J. R. (1999): Joseph Fourier, the ‘greenhouse effect’, and the quest for a universal theory of terrestrial temperatures. Endeavour, 23(2), 72–75. available at: https://doi.org/10.1016/S0160-9327(99)01210-7.Search in Google Scholar

Fourier, J. (1824): Remarques générales sur les températures du globe terrestre et des espaces planétaires. Annales de Chimie et de Physique, 2e Série, 27, 136–167.Search in Google Scholar

Gałaś, S. – Gałaś, A. – Zeleňáková, M. – Zvijáková, L –, Fialová, J. – Kubíčková, H. (2015): Environmental Impact Assessment in the Visegrad Group countries. Environmental Impact Assessment Review, 55, 11–20. available at: https://doi.org/10.1016/j.eiar.2015.06.006Search in Google Scholar

Godawska, J. – Wyrobek, J. (2021): The Impact of Environmental Policy Stringency on Renewable Energy Production in the Visegrad Group Countries. Energies, 14(19), 6225. available at: https://doi.org/10.3390/en14196225.Search in Google Scholar

Göllner, R. T. (2018): The Visegrád Group – A Rising Star Post-Brexit? Changing Distribution of Power in the European Council. Open Political Science, 1(1), 1–6. available at: https://doi.org/10.1515/openps-2017-000.Search in Google Scholar

Górka, M. (2018): The Cybersecurity Strategy of the Visegrad Group Countries. Politics in Central Europe, 14, 75–98. available at: https://doi.org/10.2478/pce-2018-0010.Search in Google Scholar

Kacperska, E. – Łukasiewicz, K. – Pietrzak, P. (2021): Use of Renewable Energy Sources in the European Union and the Visegrad Group Countries—Results of Cluster Analysis. Energies, 14(18), 5680. available at: https://doi.org/10.3390/en14185680.Search in Google Scholar

Kao, C. (1999): Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90(1), 1–44. available at: https://doi.org/10.1016/S0304-4076(98)00023-2.Search in Google Scholar

Kochanek, E. (2021): The Energy Transition in the Visegrad Group Countries. Energies, 14(8), 2212. available at: https://doi.org/10.3390/en14082212.Search in Google Scholar

Księżopolski, K. – Maśloch, G. (2021): Time Delay Approach to Renewable Energy in the Visegrad Group. Energies, 14(7), 1928. available at: https://doi.org/10.3390/en14071928.Search in Google Scholar

Levin, A. – Lin, C.-F. – James Chu, C.-S. (2002): Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24. available at: https://doi.org/10.1016/S0304-4076(01)00098-7.Search in Google Scholar

Lin, B. – Moubarak, M. (2014): Renewable energy consumption – Economic growth nexus for China. Renewable and Sustainable Energy Reviews, 40, 111–117. available at: https://doi.org/10.1016/j.rser.2014.07.128.Search in Google Scholar

Lowitzsch, J. – Hoicka, C. E. – van Tulder, F. J. (2020): Renewable energy communities under the 2019 European Clean Energy Package – Governance model for the energy clusters of the future? Renewable and Sustainable Energy Reviews, 122, 109489. available at: https://doi.org/10.1016/j.rser.2019.109489.Search in Google Scholar

Menyah, K. – Wolde-Rufael, Y. (2010): CO2 emissions, nuclear energy, renewable energy and economic growth in the US. Energy Policy, 38(6), 2911–2915. available at: https://doi.org/10.1016/j.enpol.2010.01.024.Search in Google Scholar

Pata, U. K. (2018): Renewable energy consumption, urbanization, financial development, income and CO2 emissions in Turkey: Testing EKC hypothesis with structural breaks. Journal of Cleaner Production, 187, 770–779. available at: https://doi.org/10.1016/j.jclepro.2018.03.236.Search in Google Scholar

Pedroni, P. (1999): Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors. Oxford Bulletin of Economics and Statistics, 61(S1), 653–670. available at: https://doi.org/10.1111/1468-0084.0610s1653.Search in Google Scholar

Pedroni, P. (2001): Fully modified OLS for heterogeneous cointegrated panels. In B. H. Baltagi, T. B. Fomby, – R. Carter Hill (Eds.), Nonstationary Panels, Panel Cointegration, and Dynamic Panels (Vol. 15, pp. 93–130). Emerald Group Publishing Limited. available at: https://doi.org/10.1016/S0731-9053(00)15004-2.Search in Google Scholar

Pesaran, M. H. (2004): ‘General Diagnostic Tests for Cross Section Dependence in Panels’. In Cambridge Working Papers in Economics (No. 0435; Cambridge Working Papers in Economics). Faculty of Economics, University of Cambridge. available at: https://ideas.repec.org/p/cam/camdae/0435.html.Search in Google Scholar

Radmehr, R. – Henneberry, S. R. – Shayanmehr, S. (2021): Renewable Energy Consumption, CO2 Emissions, and Economic Growth Nexus: A Simultaneity Spatial Modeling Analysis of EU Countries. Structural Change and Economic Dynamics, 57, 13–27. available at: https://doi.org/10.1016/j.strueco.2021.01.006.Search in Google Scholar

Rokicki, T. – Perkowska, A. (2020): Changes in Energy Supplies in the Countries of the Visegrad Group. Sustainability, 12(19), 7916. available at: https://doi.org/10.3390/su12197916.Search in Google Scholar

Roy, N. K. – Das, A. (2018): Prospects of Renewable Energy Sources. In Md. R. Islam, N. K. Roy, – S. Rahman (Eds.), Renewable Energy and the Environment 1–39. Springer. available at: https://doi.org/10.1007/978-981-10-7287-1.Search in Google Scholar

Salim, R. A. – Rafiq, S. (2012): Why do some emerging economies proactively accelerate the adoption of renewable energy? Energy Economics, 34(4), 1051–1057. available at: https://doi.org/10.1016/j.eneco.2011.08.015.Search in Google Scholar

Sebri, M. – Ben-Salha, O. (2014): On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries. Renewable and Sustainable Energy Reviews, 39, 14–23. available at: https://doi.org/10.1016/j.rser.2014.07.033.Search in Google Scholar

Shafiei, S. – Salim, R. A. (2014): Non-renewable and renewable energy consumption and CO2 emissions in OECD countries: A comparative analysis. Energy Policy, 66, 547–556. available at: https://doi.org/10.1016/j.enpol.2013.10.064.Search in Google Scholar

Skjærseth, J. B. (2018): Implementing EU climate and energy policies in Poland: Policy feedback and reform. Environmental Politics, 27(3), 498–518. available at: https://doi.org/10.1080/09644016.2018.1429046.Search in Google Scholar

Štreimikienė, D. (2021): Externalities of Power Generation in Visegrad Countries And Their Integration Through Support of Renewables. Economics and Sociology, 14(1), 89–102. available at: https://doi.org/doi:10.14254/2071-789X.2021/14-1/6.10.14254/2071-789X.2021/14-1/6Search in Google Scholar

Sulich, A. – Sołoducho-Pelc, L. (2021): Renewable Energy Producers’ Strategies in the Visegrád Group Countries. Energies, 14(11), 3048. available at: https://doi.org/10.3390/en14113048.Search in Google Scholar

Szlavik, J. – Sebestyen Szep, T. (2007): Delinkng of Energy Consumption and Economic Growth in the Visegrad Group. Geographia Technica, 12(2), 139–149. available at: https://doi.org/ DOI: 10.21163/GT_2017.122.12.Otwórz DOISearch in Google Scholar

Uğurlu, E. (2019a): Greenhouse Gases Emissions and Alternative Energy in the Middle East. In H. Qudrat-Ullah – A. A. Kayal (Eds.), Climate Change and Energy Dynamics in the Middle East: Modeling and Simulation-Based Solutions (pp. 259–291). Springer International Publishing. available at: https://doi.org/10.1007/978-3-030-11202-8_9.Search in Google Scholar

Uğurlu, E. (2019b): Renewable Energy Strategies for Sustainable Development in the European Union. In D. Kurochkin, E. V. Shabliy, – E. Shittu (Eds.), Renewable Energy: International Perspectives on Sustainability. Springer International Publishing. 63–87. https://doi.org/10.1007/978-3-030-14207-0_3Search in Google Scholar

UN, G. A. (2015): Transforming our World: The 2030 Agenda for Sustainable Development (General Assembly). United Nations. available at: http://www.un.org/ga/search/view_doc.asp?symbol=A/RES/70/1–Lang=E.Search in Google Scholar

Ušiak, J. (2018): The Security Environment of the V4 Countries. Politics in Central Europe, 14, 21–37. available at: https://doi.org/10.2478/pce-2018-0007.Search in Google Scholar

Vinitha, K. – Ambrose Prabhu, R. – Bhaskar, R. – Hariharan, R. (2020): Review on industrial mathematics and materials at Industry 1.0 to Industry 4. 0. Materials Today: Proceedings, 33, 3956–3960. available at: https://doi.org/10.1016/j.matpr.2020.06.331.Search in Google Scholar

Wach, K. – Głodowska, A. – Maciejewski, M. – Sieja, M. (2021): Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005–2018. Energies, 14(7), 1802. available at: https://doi.org/10.3390/en14071802.Search in Google Scholar

Waisová, Š. (2018): The Environmental Situation in the Visegrad Region: Neglect and Insufficient Cooperation in the Face of Serious Environmental Threats. Politics in Central Europe, 14, 57–73. https://doi.org/10.2478/pce-2018-0009.Search in Google Scholar

Waisová, Š. (2020): Central Europe in the New Millenium: The new great game? US, Russian and Chinese interests and activities in Czechia, Hungary, Poland and Slovakia, Revista UNISCI No. 54, 29–48.Search in Google Scholar

Wolde-Rufael, Y. (2006): Electricity consumption and economic growth: A time series experience for 17 African countries. Energy Policy, 34(10), 1106–1114. available at: https://doi.org/10.1016/j.enpol.2004.10.008.Search in Google Scholar

World Bank. (2022): DataBank World Development Indicators. available at: https://databank.worldbank.org/source/world-development-indicators.Search in Google Scholar

Wrigley, E. A. (2013): Energy and the English Industrial Revolution. Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences, 371(1986), 20110568. available at: https://doi.org/10.1098/rsta.2011.0568.Search in Google Scholar

Polecane artykuły z Trend MD

Zaplanuj zdalną konferencję ze Sciendo