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Renewable Energy and CO 2 Emissions: Empirical Evidence from Major Energy-Consuming Countries

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  • Yongming Huang

    (Institute for Region and Urban-Rural Development, Center for Industrial Development and Regional Competitiveness, Wuhan University, Wuhan 730072, China)

  • Zebo Kuldasheva

    (Institute for Region and Urban-Rural Development, Center for Industrial Development and Regional Competitiveness, Wuhan University, Wuhan 730072, China
    Department of World Economy, Tashkent State University of Economics, Tashkent 100003, Uzbekistan)

  • Raufhon Salahodjaev

    (Department of Mathematical Methods in Economics, Tashkent State University of Economics, Tashkent 100003, Uzbekistan)

Abstract

The goal of this study was to contribute to the ongoing debate on the relationship between renewable energy (RE) and CO 2 emissions. In particular, we explored the link between RE and CO 2 emissions in a sample of major renewable energy-consuming countries for the period 2000–2015. Therefore, the major contribution of this study was to answer the question of whether a substantial shift to renewable energy consumption will lead to lower CO 2 emissions. Using the two-step generalized method of moments (GMM) estimator, our empirical results suggested that RE has a significant negative effect on CO 2 emissions. For example, a one percentage point increase in RE leads to a 0.5% decrease in CO 2 emissions.

Suggested Citation

  • Yongming Huang & Zebo Kuldasheva & Raufhon Salahodjaev, 2021. "Renewable Energy and CO 2 Emissions: Empirical Evidence from Major Energy-Consuming Countries," Energies, MDPI, vol. 14(22), pages 1-10, November.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:22:p:7504-:d:675947
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    Cited by:

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    2. Huang, Yongming & Ahmad, Maaz & Ali, Sher, 2022. "The impact of trade, environmental degradation and governance on renewable energy consumption: Evidence from selected ASEAN countries," Renewable Energy, Elsevier, vol. 197(C), pages 1144-1150.
    3. Sebastian Majewski & Urszula Mentel & Raufhon Salahodjaev & Marek Cierpiał-Wolan, 2022. "Electricity Consumption and Economic Growth: Evidence from South Asian Countries," Energies, MDPI, vol. 15(4), pages 1-10, February.

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