How renewable energy consumption and natural resource abundance impact environmental degradation? New findings and policy implications from quantile approach

Altinoz B., DOĞAN E.

ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY, cilt.16, sa.4, ss.345-356, 2021 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 16 Sayı: 4
  • Basım Tarihi: 2021
  • Doi Numarası: 10.1080/15567249.2021.1885527
  • Dergi Adı: ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Applied Science & Technology Source, CAB Abstracts, Communication Abstracts, Compendex, Computer & Applied Sciences, Environment Index, Greenfile, INSPEC, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Sayfa Sayıları: ss.345-356
  • Anahtar Kelimeler: natural resources, panel quantile approach, pollution, Renewable energy
  • Abdullah Gül Üniversitesi Adresli: Evet

Özet

The EKC literature has ignored the importance of natural resources on environmental degradation. Thus, this paper aims to investigate the impact of renewable energy consumption and the abundance of natural resources on CO2 emissions for a panel of 82 countries by using quantile regressions. Empirical results show that renewable energy consumption reduces CO2 emissions and its effect increases in higher quantiles. The impact on carbon emissions of natural resource abundance is negative at lower quantiles but positive at medium and higher quantiles. Also, the validity of the EKC hypothesis is confirmed for all quantiles, and an increase in trade openness and urbanization increases environmental degradation in lower and middle quantile levels; however, these determinants have negative impacts on carbon emissions at higher quantiles. Policy implications related to this outcome are further discussed in the study.