The role of renewable energy and total factor productivity in reducing CO2 emissions in Azerbaijan. Fresh insights from a new theoretical framework coupled with Autometrics

Hasanov, Fakhri; Mukhtarov, Shahriyar; Suleymanov, Elchin

doi:10.1016/j.esr.2023.101079

Cited by 35 publications

(21 citation statements)

References 133 publications

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“…For example, Hasanov et al (2021) investigated the effects of TFP and RE on CO 2 emission in the case of Brazil, Russia, India, China, and South Africa (BRICS economies) employing the Cross-Sectional Augmented Autoregressive Distributive Lag (CS-ARDL) model to the data spanning from 1990 to 2017. Hasanov et al (2023) also found the negative impact of TFP and RE on CO 2 emission in Azerbaijan. The empirical results concluded that TFP and RE have a negative influence on CO 2 emissions.…”

Section: Literature Reviewmentioning

confidence: 75%

“…Environmental Economics and Policy Studies (2024) 26:307-324 energy (including fossil fuels) and, consequently, CO 2 emissions (see, for example, Huang et al 2020;Miao 2020;Hasanov et al 2023). Also, major energy organizations such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA) identify technological progress/innovation as one of the key drivers for reducing pollution (Boshell et al 2018;Hasanov et al 2021).…”

Section: Introductionmentioning

confidence: 99%

“…Also, some recent studies such as Khoshnevis Yazdi and Ghorchi Beygi (2017), Zoundi (2017), Danish et al (2017), Waheed et al (2018, Nguyen and Kakinaka (2018), Cheng et al (2019), Dong et al (2019), Adams and Acheampong (2019), Mahmood et al (2019), Akram et al (2020), Piłatowska et al (2020), Saidi and Omri (2020), Hasanov et al (2021), Shahnazi and Dehghan Shabani (2021), Makhdum et al (2022), and inter alia, revealed that higher renewable energy consumption reduced environmental degradation. In addition, some group studies like Yunfeng and Laike (2010), Apergis et al (2013), Yin et al (2015), Jin et al (2017), Alvarez-Herranz et al (2017), Li et al (2017), Zhang et al (2017), Mensah et al (2018), Wang et al (2018Wang et al ( , 2019, Huang et al (2020), Hasanov et al (2021Hasanov et al ( , 2023 concluded that technological progress causes a decline in CO 2 emissions.…”

Section: Introductionmentioning

confidence: 99%

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Do renewable energy and total factor productivity eliminate CO2 emissions in Turkey?

Mukhtarov

2023

Environ Econ Policy Stud

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This paper analyzes the impact of renewable energy consumption, total factor productivity (TFP), income, imports, and exports on consumption-based CO2 emissions in Turkey from 1990 to 2019, utilizing the Autoregressive Distributed Lagged (ARDL) method. The findings indicated that the use of renewable energy, total factor productivity and exports negatively influence CO2 emissions. On the other hand, the positive impact of income and imports on CO2 emissions was found. The negative impact of renewable energy consumption and total factor productivity highlights the importance of implementing environmentally friendly measures in the energy sector (particularly raising the proportion of renewable energy in overall energy consumption) and technological innovation.

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Section: Literature Reviewmentioning

confidence: 75%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Do renewable energy and total factor productivity eliminate CO2 emissions in Turkey?

Mukhtarov

2023

Environ Econ Policy Stud

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“…RE sources and their environmental impacts are the focus of interest for empirical researchers. Bekun et al (2021) for the E7 countries, Pata (2021b) for the United States, Adebayo et al (2023) and Balsalobre-Lorente (2023) for BRICS countries, Hasanov et al (2023) for Azerbaijan, and for six ASEAN countries, and Sharif et al (2023) for five Nordic countries substantiated the beneficial role of RE sources in CO 2 mitigation. Bekun et al (2022) also used various time series approaches and concluded that RE mitigates CO 2 emissions in India.…”

Section: Renewable Energy and Environmentmentioning

confidence: 93%

A Sustainable Development Assessment for the Load Capacity Factor and Carbon Footprint in India: The Role of Information and Communication Technologies, Renewable Energy, and Structural Changes

Pata,

Destek

2023

The Journal of Environment & Development

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The increase in India’s carbon emissions and the decline in its environmental quality are a threat to the realization of the global sustainable development goals (SDGs). Minimizing the negative environmental impacts from fossil fuels through analysis of the determinants of India’s ecological quality is an important research topic. The objective of this study is to examine the impact of information and communication technologies (ICT), renewable energy, and structural changes on environmental quality in India. In this context, the study uses the novel Fourier quantile causality test for the period 1995m1-2021m12. The results of the study show that structural changes have no impact on carbon footprint and load capacity factor, while renewable energy and ICT contribute to the improvement of environmental quality. Based on the findings of the study, the Indian government is recommended to rise investment in ICT and renewable energy to pursue a growth strategy in line with the SDGs.

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“…On the other hand, the EKC as a traditional framework provides a limited (and implicit) set of measures for policymaking to curb pollution as it typically links pollution to income, and its polynomials (Tisdell, 2001;Ezzati et al, 2001;Dinda, 2004;Brock and Taylor, 2010;Hasanov et al, 2021;Berk et al, 2022). Therefore, studies have extended their pollution analysis with additional factors, although many of them have not theoretically justified their considerations (Berk et al, 2022;Brock and Taylor, 2010;Hasanov et al, 2021;Hasanov et al, 2023). A number of factors have been considered in this regard, such as energy consumption, trade, openness, the structure of an economy, environmental and other policies, globalization, institutional development, and foreign direct investment (Shahbaz et al, 2013a;Ang, 2007;Grossman and Kruger, 1995;Stern, 2004;Wagner, 2008;Apergis and Payne, 2009;Kauffmann et al, 2002;Shahbaz et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Analyzing CO2 Emissions Effect of Financial Development while Accounting for Common Factors in the GCC. Is the Effect Asymmetric?

Hasanov,

Shannak,

Mukhtarov

et al. 2023

Preprint

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Ignoring common factors can lead to erroneous findings and misleading policy recommendations, according to panel time-series literature. The same consequences occur if the nature of a factor’s effects is incorrectly considered. We investigated CO2 emission effects of financial development (FD) alongside income and international trade in Gulf Cooperation Council (GCC) countries. The Asymmetric Pooled Mean Group augmented with common unobserved factors - a cutting-edge method allowing to discover not only the features of the pooled panel but also the characteristics of each country - was applied to data for 1992–2021. There is no such application for GCC countries, and only one internationally to our knowledge. We show that accounting for factors common to GCC countries is important, as ignoring them makes the CO2 emissions effects of FD flawed. The effects are asymmetric: upturn of FD leads to lower emissions than its downturn. Another key finding is that CO2 emissions in GCC countries may converge to an identical relationship. In designing CO2 emissions mitigation policies, the following points should be considered: directing financial resources toward eco-friendly technologies, energy transitions, and sectors; accounting for global and regional common factors; close cooperation across the region countries due to common factors and convergence.

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The role of renewable energy and total factor productivity in reducing CO2 emissions in Azerbaijan. Fresh insights from a new theoretical framework coupled with Autometrics

Cited by 35 publications

References 133 publications

Do renewable energy and total factor productivity eliminate CO2 emissions in Turkey?

Do renewable energy and total factor productivity eliminate CO2 emissions in Turkey?

A Sustainable Development Assessment for the Load Capacity Factor and Carbon Footprint in India: The Role of Information and Communication Technologies, Renewable Energy, and Structural Changes

Analyzing CO2 Emissions Effect of Financial Development while Accounting for Common Factors in the GCC. Is the Effect Asymmetric?

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