Towards carbon-neutral world: The effect of renewable energy investments and technologies in G7 countries

Basit Öğe Kaydı
dc.authoridadebola, Sakiru/0000-0001-7722-1029
dc.authoridErdogan, Sinan/0000-0003-3491-8234
dc.contributor.authorErdogan, Sinan
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorSolarin, Sakiru Adebola
dc.date.accessioned2024-09-18T20:11:31Z
dc.date.available2024-09-18T20:11:31Z
dc.date.issued2023
dc.departmentHatay Mustafa Kemal Ãœniversitesien_US
dc.description.abstractCan renewable energy investments and technologies help achieve carbon neutrality goals? The answer to this question has been neglected until now due to a lack of data. The novelty of this study lies in its exploration of the influence of renewable energy investments and renewable energy technologies on reducing petroleum-derived carbon emissions for the first time in the Group of seven (G7) countries. An additional novel aspect of the study is to discuss how governance indicators, such as regulatory quality, political stability, and democracy, can influence the carbon neutrality targets of the G7 nations. To this end, the study applies second-generation panel data methods, such as the cross-sectionally augmented Dickey-Fuller unit root test, the Durbin-Hausmann panel cointegration test, and the panel augmented mean group estimator. The findings illustrate that renewable energy investments and technologies help reduce carbon emissions in different models. Additionally, while economic growth is beneficial to the environment, governance indicators have no effect on carbon emissions. Overall, the outcomes suggest that G7 countries should increase their investments in renewable energy and support clean technologies to achieve their carbon neutral targets. The study also points out that reducing oil consumption by promoting renewable energy technologies and investments is a critical step toward carbon neutrality for G7 policymakers.en_US
dc.identifier.doi10.1016/j.rser.2023.113683
dc.identifier.issn1364-0321
dc.identifier.issn1879-0690
dc.identifier.urihttps://doi.org/10.1016/j.rser.2023.113683
dc.identifier.urihttps://hdl.handle.net/20.500.12483/8918
dc.identifier.volume186en_US
dc.identifier.wosWOS:001070858700001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherPergamon-Elsevier Science Ltden_US
dc.relation.ispartofRenewable & Sustainable Energy Reviewsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCO 2 emissionsen_US
dc.subjectGovernanceen_US
dc.subjectRenewable energy investmentsen_US
dc.subjectRenewable energy technologiesen_US
dc.subjectPanel data analysisen_US
dc.titleTowards carbon-neutral world: The effect of renewable energy investments and technologies in G7 countriesen_US
dc.typeArticleen_US

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