Investigating the environmental Kuznets Curve and the role of green energy: Emerging and developed markets

In this study, the validity of the Environmental Kuznets Curve (EKC) hypothesis and the effect of green energy sources to decrease CO 2 emissions are examined for emerging and developed markets from 1990 to 2011 using a pooled mean group (PMG) estimator. Empirical findings of this study suggest that...

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Bibliographic Details
Published in:International journal of green energy 2018-01, Vol.15 (1), p.37-44
Main Author: Cetin, Mumin Atalay
Format: Article
Language:English
Subjects:
developed markets
EKC hypothesis
emerging markets
pooled mean group
renewable energy
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Summary:In this study, the validity of the Environmental Kuznets Curve (EKC) hypothesis and the effect of green energy sources to decrease CO 2 emissions are examined for emerging and developed markets from 1990 to 2011 using a pooled mean group (PMG) estimator. Empirical findings of this study suggest that the EKC hypothesis is not confirmed by emerging markets; meanwhile, it is strongly supported by developed markets. The long-run elasticity results of per capita data may also imply a divergence between emerging markets and developed markets regarding CO 2 emissions. On the other hand, the findings of this study indicate that renewable energy sources will play an important role in reducing CO 2 emissions for both panel groups in the long run.
ISSN:1543-5075
1543-5083
DOI:10.1080/15435075.2017.1413375