Renewable and non-renewable electricity consumption, carbon emissions and GDP : evidence from Mediterranean countries
Joint Authors
Belaid, Fateh
Zrilli, Maha Harbawi
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2016, Issue 979-1073 (31 Dec. 2016), pp.1-22, 22 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2016-12-31
Country of Publication
Egypt
No. of Pages
22
Main Subjects
Economics & Business Administration
Abstract EN
The imperative to reduce Co2 emissions is stronger than ever.
According to many studies, renewable energy (electricity) has one of the most significant cost-effective potentials for reducing energy-related greenhouse gas emissions.
Increasing the supply of renewable energy would allow for the replacement of carbon-intensive energy sources and significantly reduce pollutant emissions.
The major focus of this article is to investigate the causal relationship between renewable and non-renewable electricity consumption, GDP and CO2 emissions for the North and South shores of Mediterranean over the period 1980-2012.
Panel unit root tests, cointegration technique allowing cross-section dependence among the panel and causality tests are used to investigate this relationship.
The results provide panel empirical evidence that there is a short-run bidirectional causality between GDP, renewable electricity consumption and CO2 emissions; and between non-renewable electricity consumption, GDP and renewable electricity consumption.
As for the long-run causal relationship, the result indicates that there is bidirectional causality between non-renewable electricity consumption and CO2 emissions.
However, there is evidence of unidirectional causal relationship running from GDP to CO2 emissions and non-renewable electricity consumption; from renewable electricity consumption to CO2 emissions.
The findings imply that non-renewable electricity consumption and economic growth stimulate CO2 emissions in Southern and Northern Mediterranean countries while renewable electricity reduces it.
Therefore, expansion of renewable energy sources is a strategic plan for addressing energy security and reducing carbon emissions to protect the environment for future generations.
American Psychological Association (APA)
Belaid, Fateh& Zrilli, Maha Harbawi. 2016. Renewable and non-renewable electricity consumption, carbon emissions and GDP : evidence from Mediterranean countries. Economic Research Forum : Working Paper Series،Vol. 2016, no. 979-1073, pp.1-22.
https://search.emarefa.net/detail/BIM-729457
Modern Language Association (MLA)
Belaid, Fateh& Zrilli, Maha Harbawi. Renewable and non-renewable electricity consumption, carbon emissions and GDP : evidence from Mediterranean countries. Economic Research Forum : Working Paper Series No. 979-1073 (Dec. 2016), pp.1-22.
https://search.emarefa.net/detail/BIM-729457
American Medical Association (AMA)
Belaid, Fateh& Zrilli, Maha Harbawi. Renewable and non-renewable electricity consumption, carbon emissions and GDP : evidence from Mediterranean countries. Economic Research Forum : Working Paper Series. 2016. Vol. 2016, no. 979-1073, pp.1-22.
https://search.emarefa.net/detail/BIM-729457
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 18-22
Record ID
BIM-729457