Environmental efficiency of investments in renewable energy: Comparative analysis at macroeconomic level

Cicea, Claudiu; Marinescu, Corina; Popa, Ion; Dobrin, Cosmin

doi:10.1016/j.rser.2013.10.034

Cited by 75 publications

(40 citation statements)

References 35 publications

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“…On the other hand, we also find some recent panel studies by Jaunky (2011), andCowan et al (2014) in which they did cross-country panel analysis and their results strongly supported the existence of the EKC hypothesis, indicating that carbon emissions fall with rising income levels. However, some mixed evidence of the EKC hypothesis based on the panel data analysis is also found (Cicea et al 2014, Ibrahim et al 2014). …”

Section: Studies On the Nexus Between Co 2 Emissions And Economic Gromentioning

confidence: 99%

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

et al. 2016

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This paper detects the direction of causality among carbon dioxide (CO 2 ) emissions, energy consumption, and economic growth in Next 11 countries for the period 1972-2013. Changes in economic, energy, and environmental policies as well as regulatory and technological advancement over time, cause changes in the relationship among the variables. We use a novel approach i.e. time-varying Granger causality and find that economic growth is the cause of CO 2 emissions in Bangladesh and Egypt. Economic growth causes energy consumption in the Philippines, Turkey, and Vietnam but the feedback effect exists between energy consumption and economic growth in South Korea. In the cases of Indonesia and Turkey, we find the unidirectional time-varying Granger causality running from economic growth to CO 2 emissions thus validates the existence of the Environmental Kuznets Curve hypothesis, which indicates that economic growth is achievable at the minimal cost of environment. The paper gives new insights for policy makers to attain sustainable economic growth while maintaining long-run environmental quality.

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Section: Studies On the Nexus Between Co 2 Emissions And Economic Gromentioning

confidence: 99%

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

et al. 2016

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“…The estimates shown rather large differences in efficiency levels and efficiency changes across countries. In [24] the authors study the European Union countries from 1990 to 2008 using econometric models based on the Kaya identity. The authors defined a new environmental efficiency index.…”

Section: Literature Reviewmentioning

confidence: 99%

Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)

Robalino-López

Nieto

García‐Ramos

et al. 2015

Renewable and Sustainable Energy Reviews

141

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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.

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“…The common approaches and models employed in the literatures are partly summarized as follows: EKC analysis [9][10][11][12]; statistics model such as cointegration [13][14], Granger causality [15][16] generalized method of moments (GMM) estimators [17]; input-output model [1,[18][19][20][21][22]; reduced-form econometrics model [3,23]; decomposition analyses, including structural decomposition analysis (SDA), index decomposition analysis (IDA), and productiontheoretical decomposition analysis (PDA) [20,[24][25][26][27][28][29]; data envelopment analysis (DEA) [30][31]; causality relationship analysis [32][33]; indicator analysis [34]; scenario analysis [35][36]; and system dynamics (SD) model [7,[36][37]. Whether it is a top-down approach, a bottom-up approach, or a hybrid model, each method has strengths and weaknesses and plays important roles in the study of CO 2 emissions.…”

Section: Literature Reviewsmentioning

confidence: 99%

Can China Achieve its CO2 Emission Mitigation Target in 2030: a System Dynamics Perspective

Zhang¹,

Jiang²,

Liu³

et al. 2018

Pol. J. Environ. Stud.

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Environmental efficiency of investments in renewable energy: Comparative analysis at macroeconomic level

Cited by 75 publications

References 35 publications

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)

Can China Achieve its CO2 Emission Mitigation Target in 2030: a System Dynamics Perspective

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