Does Renewable Energy Consumption Support Green Growth?

Özet

The rapid growth of production and consumption patterns leads to pollution of natural resources and environmental degradation, with the increase in population worldwide,. This situation requires efficient use of resources to meet the needs of future generations, as well as reducing poverty, inequality, and providing conditions such as health, energy, and clean drinking water. Green growth contributes to sustainable growth by reducing negative externalities from production and increasing positive externalities. In this study, theoretical and empirical studies analyzing whether the use of renewable energy sources supports green growth were examined. As a result, it was observed that the use of renewable energy sources supports green growth through resource efficiency and effectiveness channels.

Referanslar

Abid, N., Ceci, F., & Ikram, M. (2022). Green growth and sustainable development: dynamic linkage between technological innovation, ISO 14001, and environmental challenges. Environmental Science and Pollution Research, 29(17), 25428-25447. https://doi.org/10.1007/s11356-021-17518-y

Akram, R., Chen, F., Khalid, F., Ye, Z., & Majeed, M. T. (2020). Heterogeneous effects of energy efficiency and renewable energy on carbon emissions: Evidence from developing countries. Journal of Cleaner Production, 247, 119122. https://doi.org/10.1016/j.jclepro.2019.119122

Andersson, J. J. (2019). Carbon taxes and CO 2 emissions: Sweden as a case study. American Economic Journal: Economic Policy, 11(4), 1-30. doi: 10.1257/pol.20170144

Apergis, N., Payne, J., Menyah, K. & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics, 69, 2255-2260. https://doi.org/10.1016/j.ecolecon.2010.06.014

Apergis, N. & Payne, J. E. (2010). Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 656-660. https://doi.org/10.1016/j.enpol.2009.09.002

Apergis, N., Payne, J. E., Menyah, K., & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics, 69(11), 2255-2260.

Baloch, M. A., Mahmood, N., & Zhang, J. W. (2019). Effect of natural resources, renewable energy and economic development on CO2 emissions in BRICS countries. Science of the Total Environment, 678, 632-638. https://doi.org/10.1016/j.scitotenv.2019.05.028

Balsalobre, D., Álvarez, A., & Cantos, J. M. (2015). Public budgets for energy RD&D and the effects on energy intensity and pollution levels. Environmental Science and Pollution Research, 22(7), 4881-4892. https://doi.org/10.1007/s11356-014-3121-3

Bao, C. & Xu, M. (2019). Cause and effect of renewable energy consumption on urbanization and economic growth in China’s provinces and regions. Journal of Cleaner Production, 231, 483-493. https://doi.org/10.1016/j.jclepro.2019.05.191

Bartelmus, P. (2013). The future we want: Green growth or sustainable development? Environmental Development, 7, 165-170. https://doi.org/10.1016/j.envdev.2013.04.001

Barua, S. (2022). Green growth and energy transition: An assessment of selected emerging economies. In Energy-Growth Nexus in an Era of Globalization. Elsevier. https://doi.org/10.1016/B978-0-12-824440-1.00003-5

Bina, O. (2013). The green economy and sustainable development: an uneasy balance? Environment and Planning C: Government and Policy, 31(6), 1023-1047. doi:10.1068/c1310j

Chichilnisky, G. (1997). What is sustainable development?.Land Economics, 467-491. https://doi.org/10.2307/3147240

Claeys, G., Tagliapietra, S., & Zachmann, G. (2019). How to make the European Green Deal work (Vol. 5). Brussels, Belgium: Bruegel.

Dai, H., Xie, X., Xie, Y., Liu, J., & Masui, T. (2016). Green growth: The economic impacts of large-scale renewable energy development in China. Applied energy, 162, 435-449. https://doi.org/10.1016/j.apenergy.2015.10.049

Dauda, L., Long, X., Mensah, C. N., Salman, M., Boamah, K. B., Ampon-Wireko, S., & Dogbe, C. S. K. (2021). Innovation, trade openness and CO2 emissions in selected countries in Africa. Journal of Cleaner Production, 281, 125143. https://doi.org/10.1016/j.jclepro.2020.125143

General Assembly, (2015). Resolution adopted by the General Assembly on 11 September 2015. New York: United Nations.

Gu, J., Renwick, N., & Xue, L. (2018). The BRICS and Africa's search for green growth, clean energy and sustainable development. Energy Policy, 120, 675-683. https://doi.org/10.1016/j.enpol.2018.05.028

Hao, L. N., Umar, M., Khan, Z., & Ali, W. (2021). Green growth and low carbon emission in G7 countries: how critical the network of environmental taxes, renewable energy and human capital is?. Science of The Total Environment, 752, 141853. https://doi.org/10.1016/j.scitotenv.2020.141853

Hickel, J., & Kallis, G. (2020). Is green growth possible?. New political economy, 25(4), 469-486. https://doi.org/10.1080/13563467.2019.1598964

Ho, M. S., & Wang, Z. (2014). Green growth (for China): A literature review. Resources for the Future Discussion Paper, 14-22. http://dx.doi.org/10.2139/ssrn.2537838

Hussain, Z., Mehmood, B., Khan, M. K., & Tsimisaraka, R. S. M. (2022). Green growth, green technology, and environmental health: evidence from high-GDP countries. Frontiers in Public Health, 9, 816697. https://doi.org/10.3389/fpubh.2021.816697

IEA. 2022. World Energy Outlook 2022. Data Retrieved March 4, 2023, https://www.iea.org/reports/world-energy-outlook-2022

Inglesi-Lotz, R. (2016). The impact of renewable energy consumption to economic growth: A panel data application. Energy economics, 53, 58-63. https://doi.org/10.1016/j.eneco.2015.01.003

Internatıonal Energy Agency (IEA). (2022) “Data and Statistics”. Data Retrieved March 4, 2023, https://www.iea.org/data-and-statistics/data-tools/greenhouse-gas-emissions-from-energy-data-explorer

Jabareen, Y. (2008). A new conceptual framework for sustainable development. Environment, development and sustainability, 10, 179-192. https://doi.org/10.1007/s10668-006-9058-z

Jacobs, M. (2013). Green growth. The handbook of global climate and environment policy, 197-214. https://doi.org/10.1002/9781118326213.ch12

Jiang, C., & Ma, X. (2019). The impact of financial development on carbon emissions: a global perspective. Sustainability, 11(19), 5241. https://doi.org/10.3390/su11195241

Khan, M. B., Saleem, H., Shabbir, M. S., & Huobao, X. (2022). The effects of globalization, energy consumption and economic growth on carbon dioxide emissions in South Asian countries. Energy & Environment, 33(1), 107-134. https://doi.org/10.1177/0958305X2098696

Lavrinenko, O., Ignatjeva, S., Ohotina, A., Rybalkin, O., & Lazdans, D. (2019). The role of green economy in sustainable development (case study: the EU states). Entrepreneurship and sustainability issues, 6, 1113-1126. doi: 10.9770/jesi.2019.6.3(4)

Li, J., Dong, X., & Dong, K. (2022). Is China’s green growth possible? The roles of green trade and green energy. Economic Research-Ekonomska Istraživanja, 1-25. https://doi.org/10.1080/1331677X.2022.2058978

Lin, B., & Zhu, J. (2019). The role of renewable energy technological innovation on climate change: Empirical evidence from China. Science of the Total Environment, 659, 1505-1512. https://doi.org/10.1016/j.scitotenv.2018.12.449

Luqman, M., Ahmad, N. & Bakhsh, K. (2019). Nuclear energy, renewable energy and economic growth in Pakistan: Evidence from non-linear autoregressive distributed lag model. Renewable Energy, 139, 1299-1309. https://doi.org/10.1016/j.renene.2019.03.008

Lyytimäki, J., Antikainen, R., Hokkanen, J., Koskela, S., Kurppa, S., Känkänen, R., & Seppälä, J. (2018). Developing key indicators of green growth. Sustainable Development, 26(1), 51-64. https://doi.org/10.1002/sd.1690

Mainieri, T., Barnett, E. G., Valdero, T. R., Unipan, J. B., & Oskamp, S. (1997). Green buying: The influence of environmental concern on consumer behavior. The Journal of social psychology, 137(2), 189-204. https://doi.org/10.1080/00224549709595430

Maji, I. K., Sulaiman, C. & Abdul-Rahim, A. S. (2019). Renewable energy consumption and economic growth nexus: A fresh evidence from West Africa. Energy Report, 5, 384-392. https://doi.org/10.1016/j.egyr.2019.03.005

Mardani, A., Streimikiene, D., Cavallaro, F., Loganathan, N., & Khoshnoudi, M. (2019). Carbon dioxide (CO2) emissions and economic growth: A systematic review of two decades of research from 1995 to 2017. Science of the total environment, 649, 31-49. https://doi.org/10.1016/j.scitotenv.2018.08.229

Mensah, C. N., Long, X., Boamah, K. B., Bediako, I. A., Dauda, L., & Salman, M. (2018). The effect of innovation on CO2 emissions of OCED countries from 1990 to 2014. Environmental Science and Pollution Research, 25(29), 29678-29698. https://doi.org/10.1016/j.scitotenv.2018.08.229

Mohsin, M., Taghizadeh-Hesary, F., Iqbal, N., & Saydaliev, H. B. (2022). The role of technological progress and renewable energy deployment in green economic growth. Renewable Energy, 190, 777-787. https://doi.org/10.1016/j.renene.2022.03.076

United Nations, (2012). The future we want: outcome document adopted at Rio+ 20. United Nations: Rio de Janeiro, Brazil.

OECD. (2015). Towards green growth? Tracking progress. OECD Green Growth Studies.

Pao, H. T., & Fu, H. C. (2013). Renewable energy, non-renewable energy and economic growth in Brazil. Renewable and Sustainable Energy Reviews, 25, 381-392. https://doi.org/10.1016/j.rser.2013.05.004

Paramati, S. R., Apergis, N., & Ummalla, M. (2018). Dynamics of renewable energy consumption and economic activities across the agriculture, industry, and service sectors: evidence in the perspective of sustainable development. Environmental Science and Pollution Research, 25(2), 1375-1387. https://doi.org/10.1007/s11356-017-0552-7

Peattie, K. (2010). Green consumption: behavior and norms. Annual review of environment and resources, 35(1), 195-228. https://doi.org/10.1146/annurev-environ-032609-094328

Perez, C. (2017). Is smart green growth the solution? Lessons from history. In Beyond the Technological Revolution Working Paper Series WP2017-01.

Pezzey, J. C. (2017). Sustainability constraints versus “optimality” versus intertemporal concern, and axioms versus data. In The Economics of Sustainability, 263-281. Routledge. https://doi.org/10.2307/3147239

Popp, D. (2012), The Role of Technological Change in Green Growth, The World Bank.

Rahman, M. M. & Velayutham, E. (2020). Renewable and non-renewable energy consumption-economic growth nexus: New evidence from South Asia. Renewable Energy, 147, 399-408. https://doi.org/10.1016/j.renene.2019.09.007

Razzaq, A., Sharif, A., Ozturk, I., & Skare, M. (2023). Asymmetric influence of digital finance, and renewable energy technology innovation on green growth in China. Renewable Energy, 202, 310-319. https://doi.org/10.1016/j.renene.2022.11.082

Roberts, J. A. (1996). Green consumers in the 1990s: profile and implications for advertising. Journal of business research, 36(3), 217-231. https://doi.org/10.1016/0148-2963(95)00150-6

Rogers, P. P., Jalal, K. F., & Boyd, J. A. (2012). An introduction to sustainable development. Routledge. https://doi.org/10.4324/9781849770477

Sohag, K., Husain, S., Hammoudeh, S., & Omar, N. (2021). Innovation, militarization, and renewable energy and green growth in OECD countries. Environmental Science and Pollution Research, 28(27), 36004-36017. https://doi.org/10.1007/s11356-021-13326-6

Soukiazis, E., Proenca, S., & Cerqueira, P. A. (2019). The interconnections between renewable energy, economic development and environmental pollution: A simultaneous equation system approach. The Energy Journal, 40(4). doi: 10.5547/01956574.40.4.esou

Stoknes, P. E., & Rockström, J. (2018). Redefining green growth within planetary boundaries. Energy Research & Social Science, 44, 41-49. https://doi.org/10.1016/j.erss.2018.04.030

Suki, N. M., Suki, N. M., Afshan, S., Sharif, A., Kasim, M. A., & Hanafi, S. R. M. (2022). How does green technology innovation affect green growth in ASEAN-6 countries? Evidence from advance panel estimations. Gondwana Research, 111, 165-173. https://doi.org/10.1016/j.gr.2022.06.019

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Referanslar

Abid, N., Ceci, F., & Ikram, M. (2022). Green growth and sustainable development: dynamic linkage between technological innovation, ISO 14001, and environmental challenges. Environmental Science and Pollution Research, 29(17), 25428-25447. https://doi.org/10.1007/s11356-021-17518-y

Akram, R., Chen, F., Khalid, F., Ye, Z., & Majeed, M. T. (2020). Heterogeneous effects of energy efficiency and renewable energy on carbon emissions: Evidence from developing countries. Journal of Cleaner Production, 247, 119122. https://doi.org/10.1016/j.jclepro.2019.119122

Andersson, J. J. (2019). Carbon taxes and CO 2 emissions: Sweden as a case study. American Economic Journal: Economic Policy, 11(4), 1-30. doi: 10.1257/pol.20170144

Apergis, N., Payne, J., Menyah, K. & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics, 69, 2255-2260. https://doi.org/10.1016/j.ecolecon.2010.06.014

Apergis, N. & Payne, J. E. (2010). Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38, 656-660. https://doi.org/10.1016/j.enpol.2009.09.002

Apergis, N., Payne, J. E., Menyah, K., & Wolde-Rufael, Y. (2010). On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics, 69(11), 2255-2260.

Baloch, M. A., Mahmood, N., & Zhang, J. W. (2019). Effect of natural resources, renewable energy and economic development on CO2 emissions in BRICS countries. Science of the Total Environment, 678, 632-638. https://doi.org/10.1016/j.scitotenv.2019.05.028

Balsalobre, D., Álvarez, A., & Cantos, J. M. (2015). Public budgets for energy RD&D and the effects on energy intensity and pollution levels. Environmental Science and Pollution Research, 22(7), 4881-4892. https://doi.org/10.1007/s11356-014-3121-3

Bao, C. & Xu, M. (2019). Cause and effect of renewable energy consumption on urbanization and economic growth in China’s provinces and regions. Journal of Cleaner Production, 231, 483-493. https://doi.org/10.1016/j.jclepro.2019.05.191

Bartelmus, P. (2013). The future we want: Green growth or sustainable development? Environmental Development, 7, 165-170. https://doi.org/10.1016/j.envdev.2013.04.001

Barua, S. (2022). Green growth and energy transition: An assessment of selected emerging economies. In Energy-Growth Nexus in an Era of Globalization. Elsevier. https://doi.org/10.1016/B978-0-12-824440-1.00003-5

Bina, O. (2013). The green economy and sustainable development: an uneasy balance? Environment and Planning C: Government and Policy, 31(6), 1023-1047. doi:10.1068/c1310j

Chichilnisky, G. (1997). What is sustainable development?.Land Economics, 467-491. https://doi.org/10.2307/3147240

Claeys, G., Tagliapietra, S., & Zachmann, G. (2019). How to make the European Green Deal work (Vol. 5). Brussels, Belgium: Bruegel.

Dai, H., Xie, X., Xie, Y., Liu, J., & Masui, T. (2016). Green growth: The economic impacts of large-scale renewable energy development in China. Applied energy, 162, 435-449. https://doi.org/10.1016/j.apenergy.2015.10.049

Dauda, L., Long, X., Mensah, C. N., Salman, M., Boamah, K. B., Ampon-Wireko, S., & Dogbe, C. S. K. (2021). Innovation, trade openness and CO2 emissions in selected countries in Africa. Journal of Cleaner Production, 281, 125143. https://doi.org/10.1016/j.jclepro.2020.125143

General Assembly, (2015). Resolution adopted by the General Assembly on 11 September 2015. New York: United Nations.

Gu, J., Renwick, N., & Xue, L. (2018). The BRICS and Africa's search for green growth, clean energy and sustainable development. Energy Policy, 120, 675-683. https://doi.org/10.1016/j.enpol.2018.05.028

Hao, L. N., Umar, M., Khan, Z., & Ali, W. (2021). Green growth and low carbon emission in G7 countries: how critical the network of environmental taxes, renewable energy and human capital is?. Science of The Total Environment, 752, 141853. https://doi.org/10.1016/j.scitotenv.2020.141853

Hickel, J., & Kallis, G. (2020). Is green growth possible?. New political economy, 25(4), 469-486. https://doi.org/10.1080/13563467.2019.1598964

Ho, M. S., & Wang, Z. (2014). Green growth (for China): A literature review. Resources for the Future Discussion Paper, 14-22. http://dx.doi.org/10.2139/ssrn.2537838

Hussain, Z., Mehmood, B., Khan, M. K., & Tsimisaraka, R. S. M. (2022). Green growth, green technology, and environmental health: evidence from high-GDP countries. Frontiers in Public Health, 9, 816697. https://doi.org/10.3389/fpubh.2021.816697

IEA. 2022. World Energy Outlook 2022. Data Retrieved March 4, 2023, https://www.iea.org/reports/world-energy-outlook-2022

Inglesi-Lotz, R. (2016). The impact of renewable energy consumption to economic growth: A panel data application. Energy economics, 53, 58-63. https://doi.org/10.1016/j.eneco.2015.01.003

Internatıonal Energy Agency (IEA). (2022) “Data and Statistics”. Data Retrieved March 4, 2023, https://www.iea.org/data-and-statistics/data-tools/greenhouse-gas-emissions-from-energy-data-explorer

Jabareen, Y. (2008). A new conceptual framework for sustainable development. Environment, development and sustainability, 10, 179-192. https://doi.org/10.1007/s10668-006-9058-z

Jacobs, M. (2013). Green growth. The handbook of global climate and environment policy, 197-214. https://doi.org/10.1002/9781118326213.ch12

Jiang, C., & Ma, X. (2019). The impact of financial development on carbon emissions: a global perspective. Sustainability, 11(19), 5241. https://doi.org/10.3390/su11195241

Khan, M. B., Saleem, H., Shabbir, M. S., & Huobao, X. (2022). The effects of globalization, energy consumption and economic growth on carbon dioxide emissions in South Asian countries. Energy & Environment, 33(1), 107-134. https://doi.org/10.1177/0958305X2098696

Lavrinenko, O., Ignatjeva, S., Ohotina, A., Rybalkin, O., & Lazdans, D. (2019). The role of green economy in sustainable development (case study: the EU states). Entrepreneurship and sustainability issues, 6, 1113-1126. doi: 10.9770/jesi.2019.6.3(4)

Li, J., Dong, X., & Dong, K. (2022). Is China’s green growth possible? The roles of green trade and green energy. Economic Research-Ekonomska Istraživanja, 1-25. https://doi.org/10.1080/1331677X.2022.2058978

Lin, B., & Zhu, J. (2019). The role of renewable energy technological innovation on climate change: Empirical evidence from China. Science of the Total Environment, 659, 1505-1512. https://doi.org/10.1016/j.scitotenv.2018.12.449

Luqman, M., Ahmad, N. & Bakhsh, K. (2019). Nuclear energy, renewable energy and economic growth in Pakistan: Evidence from non-linear autoregressive distributed lag model. Renewable Energy, 139, 1299-1309. https://doi.org/10.1016/j.renene.2019.03.008

Lyytimäki, J., Antikainen, R., Hokkanen, J., Koskela, S., Kurppa, S., Känkänen, R., & Seppälä, J. (2018). Developing key indicators of green growth. Sustainable Development, 26(1), 51-64. https://doi.org/10.1002/sd.1690

Mainieri, T., Barnett, E. G., Valdero, T. R., Unipan, J. B., & Oskamp, S. (1997). Green buying: The influence of environmental concern on consumer behavior. The Journal of social psychology, 137(2), 189-204. https://doi.org/10.1080/00224549709595430

Maji, I. K., Sulaiman, C. & Abdul-Rahim, A. S. (2019). Renewable energy consumption and economic growth nexus: A fresh evidence from West Africa. Energy Report, 5, 384-392. https://doi.org/10.1016/j.egyr.2019.03.005

Mardani, A., Streimikiene, D., Cavallaro, F., Loganathan, N., & Khoshnoudi, M. (2019). Carbon dioxide (CO2) emissions and economic growth: A systematic review of two decades of research from 1995 to 2017. Science of the total environment, 649, 31-49. https://doi.org/10.1016/j.scitotenv.2018.08.229

Mensah, C. N., Long, X., Boamah, K. B., Bediako, I. A., Dauda, L., & Salman, M. (2018). The effect of innovation on CO2 emissions of OCED countries from 1990 to 2014. Environmental Science and Pollution Research, 25(29), 29678-29698. https://doi.org/10.1016/j.scitotenv.2018.08.229

Mohsin, M., Taghizadeh-Hesary, F., Iqbal, N., & Saydaliev, H. B. (2022). The role of technological progress and renewable energy deployment in green economic growth. Renewable Energy, 190, 777-787. https://doi.org/10.1016/j.renene.2022.03.076

United Nations, (2012). The future we want: outcome document adopted at Rio+ 20. United Nations: Rio de Janeiro, Brazil.

OECD. (2015). Towards green growth? Tracking progress. OECD Green Growth Studies.

Pao, H. T., & Fu, H. C. (2013). Renewable energy, non-renewable energy and economic growth in Brazil. Renewable and Sustainable Energy Reviews, 25, 381-392. https://doi.org/10.1016/j.rser.2013.05.004

Paramati, S. R., Apergis, N., & Ummalla, M. (2018). Dynamics of renewable energy consumption and economic activities across the agriculture, industry, and service sectors: evidence in the perspective of sustainable development. Environmental Science and Pollution Research, 25(2), 1375-1387. https://doi.org/10.1007/s11356-017-0552-7

Peattie, K. (2010). Green consumption: behavior and norms. Annual review of environment and resources, 35(1), 195-228. https://doi.org/10.1146/annurev-environ-032609-094328

Perez, C. (2017). Is smart green growth the solution? Lessons from history. In Beyond the Technological Revolution Working Paper Series WP2017-01.

Pezzey, J. C. (2017). Sustainability constraints versus “optimality” versus intertemporal concern, and axioms versus data. In The Economics of Sustainability, 263-281. Routledge. https://doi.org/10.2307/3147239

Popp, D. (2012), The Role of Technological Change in Green Growth, The World Bank.

Rahman, M. M. & Velayutham, E. (2020). Renewable and non-renewable energy consumption-economic growth nexus: New evidence from South Asia. Renewable Energy, 147, 399-408. https://doi.org/10.1016/j.renene.2019.09.007

Razzaq, A., Sharif, A., Ozturk, I., & Skare, M. (2023). Asymmetric influence of digital finance, and renewable energy technology innovation on green growth in China. Renewable Energy, 202, 310-319. https://doi.org/10.1016/j.renene.2022.11.082

Roberts, J. A. (1996). Green consumers in the 1990s: profile and implications for advertising. Journal of business research, 36(3), 217-231. https://doi.org/10.1016/0148-2963(95)00150-6

Rogers, P. P., Jalal, K. F., & Boyd, J. A. (2012). An introduction to sustainable development. Routledge. https://doi.org/10.4324/9781849770477

Sohag, K., Husain, S., Hammoudeh, S., & Omar, N. (2021). Innovation, militarization, and renewable energy and green growth in OECD countries. Environmental Science and Pollution Research, 28(27), 36004-36017. https://doi.org/10.1007/s11356-021-13326-6

Soukiazis, E., Proenca, S., & Cerqueira, P. A. (2019). The interconnections between renewable energy, economic development and environmental pollution: A simultaneous equation system approach. The Energy Journal, 40(4). doi: 10.5547/01956574.40.4.esou

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7 Nisan 2023

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