This work tries to determine whether it is possible to stabilize CO 2 emissions under a rapid increase of Gross Domestic Product in a medium term. The paper is an effort to study in detail how changes in the driving forces of the economy affect CO 2 emissions. We study the case of Venezuela for the period 1980-2025, using the methodology proposed by Robalino-López et al. [1,2], which is based on an extension of the Kaya identity and on a GDP formation approach that includes the effect of renewable energies. We test the environmental Kuznets curve (EKC) [3] hypothesis in a coming future under different economic scenarios considering, therefore, not only past data but also projections for the coming years. We use cointegration techniques [4] and the Jaunky [5] specification to test the fulfillment of the EKC hypothesis in Venezuela. Our predictions show that Venezuela does not fulfill the EKC hypothesis, but however, the country could be on the way to achieve environmental stabilization in the medium term. This stabilization could be accomplished combining economic growth with increasing use of renewable energy, appropriated changes in the energy matrix, and in the productive sectoral structure.
It is clear that renewable energy plays a crucial role in achieving a reduction of greenhouse gas emissions. This paper presents a model approach of CO 2 emissions in Ecuador in the upcoming years, up to 2020. The main goal of this work is to study in detail the way the changes in the energy matrix and in the Gross Domestic Product (GDP) will affect the CO 2 emissions of the country. In particular, we will pay special attention to the effect of a reduction of the share of fossil energy, as well as of an improvement in the efficiency of the fossil energy use. We have developed a system dynamics model based on a relationship, which is a variation of the Kaya identity, and on a GDP that depends on renewable energy, which introduces a feedback mechanism in the model. The main conclusion is that it is possible to control the CO 2 emissions even under a scenario of continuous increase of the GDP, if it is combined with an increase of the use of renewable energy, with an improvement of the productive sectoral structure and with the use of a more efficient fossil fuel technology. This study offers useful lessons for developing countries, and it could be used as a policy-making tool because it is easily transferable to any other time period or region.
Is it possible for a country in the process of development to comply with the Environmental Kuznets Curve (EKC) hypothesis in the medium term? This is question that inspired this study. This paper is an extension of a previous study focused on economic development and CO 2 emissions in the coming years in Ecuador (Robalino-López et al., 2013). The main goal of this paper is to analyze whether the EKC hypothesis holds within the period 1980-2025 under four different scenarios. This paper uses co-integration techniques (Stock and Watson, 1993) to test the existence of the EKC hypothesis in Ecuador in the medium term using the Jaunky's specification (Jaunky, 2011). Our proposal goes a step further than previous contributions, and intends to see under which conditions a country could approach the fulfilment of this hypothesis in the medium term. Results do not support the fulfilment of the EKC, nevertheless, our estimations show that Ecuador could be on the way to achieving environmental stabilization in the near future if economic growth is combined with an increase in the use of renewable energies, an improvement of the productive sectoral structure, and the use of a more efficient fossil fuel technology.
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