A study conducted by researchers at Near East University delves into the role of energy efficiency, forest resources, and renewable energy in mitigating environmental degradation caused by carbon emissions. The research, aligning with Sustainable Development Goal 7 (SDG 7) – Affordable and Clean Energy, and SDG 8 – Decent Work and Economic Growth, explores the complex interplay between these factors using data from European Union countries spanning from 1990 to 2020.
The study employs advanced econometric techniques, including the Co-integration Structural AutoRegressive Distributed Lag (CS-ARDL) method, shedding light on the impact of forest resources and energy efficiency on carbon emissions. The findings indicate that increasing Gross Domestic Product (GDP) positively correlates with higher carbon emissions, emphasizing the need for sustainable energy practices.
In the short run, a 1% increase in GDP raises carbon emissions by 5.62%, while renewable energy demonstrates its potential as a sustainable alternative, reducing carbon emissions by 0.098 units. Additionally, a 1% rise in energy efficiency leads to a significant decrease in carbon emissions by 6.29%, underlining the importance of efficient energy utilization.
The study challenges the prevalent notion that forest resources significantly impact carbon emissions among European nations. While the coefficient is positive, suggesting potential harm from deforestation, the impact is not strong, necessitating further research to ascertain the link between forest resources and carbon emissions.
Theoretical contributions of the research support the Environmental Kuznets Curve (EKC) hypothesis, indicating a strong association between economic growth and carbon emissions. However, the study emphasizes the adverse effects of non-renewable energy on environmental quality, urging a shift towards sustainable energy sources.
Policy recommendations stemming from the research include discouraging non-renewable energy consumption, encouraging renewable energy adoption, and promoting the efficient utilization of energy resources. The findings underscore the importance of aligning policies with the principles of sustainable development to achieve carbon neutrality goals.
This research not only provides a comprehensive understanding of the factors influencing carbon emissions but also contributes valuable insights into sustainable energy practices. Near East University’s commitment to cutting-edge methodologies and extensive datasets ensures reliable findings that can inform evidence-based policies for a more sustainable and environmentally conscious future.
More Information:
https://link.springer.com/article/10.1007/s11356-023-28434-8
