The research, co-authored by a researcher from Near East University, delves into the intricate dynamics between political decisions, environmental sustainability, and economic factors, using Turkey as a case study. The study employs the nonlinear autoregressive distributed lag (NARDL) method to assess the asymmetric role of political risk on CO2 emissions, considering variables like renewable and non-renewable energy, and real income.
The findings reveal a nuanced relationship, indicating that increasing political risk, economic growth, and non-renewable energy usage contribute to an unsustainable trajectory in CO2 emissions in Turkey. Conversely, renewable energy is identified as a sustainable factor, and decreasing real income and non-renewable energy lead to reduced CO2 emissions. The study emphasizes the need for policies promoting a green economy in Turkey, suggesting a shift towards cleaner energy options and efficient technologies.
Policy recommendations address the challenge of reconciling economic growth with environmental sustainability. The study proposes reducing reliance on non-renewable energy sources, adopting eco-friendly technologies, and endorsing a green economy. It emphasizes the potential threat to achieving Sustainable Development Goal 13 posed by persistent economic development trends. The research advocates for the adoption of cleaner energy options, not only for environmental quality improvement but also to ensure energy security.
The study underscores the unsustainability of a fossil fuel-driven economy in Turkey and positions the country’s policy actions as a model for other emerging economies. It calls for global attention to the dangers of continued reliance on natural resources, hindering progress toward Sustainable Development Goal 12.
The success of Turkey in promoting renewable energy aligns with the study’s call for cleaner energy options to achieve environmental and energy security goals. The study applauds Turkey’s initiatives, such as the adoption of carbon taxes and shifting electricity production to cleaner sources, as a benchmark for other emerging economies working towards the Sustainable Development Goals by 2030.
Highlighting the impact of political risk on sustainability, the study emphasizes the need for stable governance and efficient administration to prevent environmental degradation. It serves as a call to action for policymakers to implement measures that protect the environment and future generations from the adverse effects of greenhouse gas emissions.
While acknowledging study limitations, including its focus on Turkey, the research suggests future investigations into the asymmetric effects of political risk on carbon emissions in other emerging nations. It encourages comprehensive policy considerations, incorporating factors like digitalization and financial inclusion, to address sustainability challenges on a broader scale.
In conclusion, the study provides valuable insights into the complex interplay of political decisions, economic factors, and environmental sustainability, offering practical policy recommendations for Turkey and serving as a foundation for further research in the field.
More Information:
https://link.springer.com/article/10.1007/s11356-023-28136-1
