Publication Date:
2019
Description:
〈p〉Publication date: October 2019〈/p〉
〈p〉〈b〉Source:〈/b〉 Energy Policy, Volume 133〈/p〉
〈p〉Author(s): Fateh Belaïd, Maha Harbaoui Zrelli〈/p〉
〈div xml:lang="en"〉
〈h5〉Abstract〈/h5〉
〈div〉〈p〉In this article, we develop an empirical model to investigate the causal link amid renewable and non-renewable electricity consumption, GDP and carbon emissions by using a panel of 9 Mediterranean countries over the period 1980–2014. Using the PMG panel ARDL and panel econometric technics, heterogeneity and cross-sectional dependence among the panel were considered to explore the long and short-run dynamic relationships as well as the validity of a proposed model. The results provide panel empirical evidence that there is short-term bidirectional causality between GDP, renewable electricity consumption and CO〈sub〉2〈/sub〉 emissions and between non-renewable electricity consumption, GDP and renewable electricity consumption. For the long-term causal relationship, the result indicates that there is bidirectional causality between non-renewable electricity consumption and CO〈sub〉2〈/sub〉 emissions. However, there is evidence of unidirectional causal relationships from GDP to CO〈sub〉2〈/sub〉 emissions and non-renewable electricity consumption and from renewable electricity consumption to CO〈sub〉2〈/sub〉 emissions. The findings imply that non-renewable electricity consumption and economic growth stimulate CO〈sub〉2〈/sub〉 emissions in southern and northern Mediterranean countries, while renewable electricity reduces them. This empirical evidence suggests that expansion of renewable energy sources is a viable strategy for addressing energy security and reducing carbon emissions to protect the environment for future generations.〈/p〉〈/div〉
〈/div〉
Print ISSN:
0301-4215
Electronic ISSN:
1873-6777
Topics:
Energy, Environment Protection, Nuclear Power Engineering
,
Political Science
