Does the Real Estate Market and Renewable Energy Induce Carbon Dioxide Emissions? Novel Evidence from Turkey

In the literature, the linkage between income, energy, and carbon emissions has been widely examined and most of the empirical studies have not investigated the impact of the real estate market on their empirical models. Our study endeavors to present a novel topic by investigating the influence of...

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Bibliographic Details
Published in:Energies (Basel) 2022-02, Vol.15 (3), p.763
Main Authors: Qashou, Yazan, Samour, Ahmed, Abumunshar, Mohammed
Format: Article
Language:English
Subjects:
Alternative energy
Banking
BARDL
carbon
Carbon dioxide
Developing countries
Economic activity
Economic growth
Emissions
Energy
Energy consumption
Environmental degradation
Environmental quality
Fossil fuels
GDP
Gross Domestic Product
International agreements
Investments
LDCs
Real estate
real estate market
Renewable resources
Securities markets
Turkey
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Summary:In the literature, the linkage between income, energy, and carbon emissions has been widely examined and most of the empirical studies have not investigated the impact of the real estate market on their empirical models. Our study endeavors to present a novel topic by investigating the influence of the real estate market on Turkey’s environmental quality, using an advanced method of the Bootstrap Autoregressive Distributed Lag (BARDL). We estimate that consumption of renewable energy contributes significantly to CO2 emissions, while real income increases the environmental degradation in both the short and long run. Furthermore, our study demonstrates that the real estate market contributes negatively to the deduction of carbon emissions in Turkey. A one percent increase in the real estate market will cause a rise in Turkey’s carbon level by 0.010% and 0.009% in the short and long term, respectively. Our research suggests that Turkey should design new strategies for sustainable real estate markets to improve the environmental quality by supporting green investment projects.
ISSN:1996-1073
1996-1073
DOI:10.3390/en15030763