Where do we stand on cutting coal dependency? Evidence from the top coal-dependent economies

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.contributor.authorErdogan, Sinan
dc.contributor.authorPata, Ugur Korkut
dc.contributor.authorAlola, Andrew Adewale
dc.date.accessioned2024-09-18T20:11:32Z
dc.date.available2024-09-18T20:11:32Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractCutting the global economy's dependence on coal has always been seen as one of the most effective measures to reduce carbon emissions and ensure environmental sustainability. However, the demand for coal can vary greatly from country to country. Therefore, the primary objective of this study is to identify where the countries with the highest coal consumption stand in reducing coal dependence in energy supply from 1997 to 2021 by utilizing panel data methods and accounting for the possible occurrence of cross-sectional dependence. The empirical results denote that (i) the models used are cross-sectionally independent, (ii) there is a long-run relationship between the variables (iii) rising economic growth upsurges coal demand, while its square reduces coal consumption; therefore, the coal-Kuznets curve is valid; (iv) population density and industrialization boost coal consumption, while demand for natural gas and renewable energy reduces it. Based on the empirical outcomes, the study suggests that natural gas should be promoted alongside renewables to displace coal consumption globally, and that countries should consider the coal-Kuznets curve to channel the increased revenues into clean energy investments.en_US
dc.identifier.doi10.1016/j.esr.2024.101444
dc.identifier.issn2211-467X
dc.identifier.issn2211-4688
dc.identifier.scopus2-s2.0-85195367782en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.esr.2024.101444
dc.identifier.urihttps://hdl.handle.net/20.500.12483/8925
dc.identifier.volume54en_US
dc.identifier.wosWOS:001286139900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Strategy Reviewsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCoal consumptionen_US
dc.subjectPeak coal consumptionen_US
dc.subjectCoal kuznets curveen_US
dc.subjectEconomic growthen_US
dc.subjectIndustrializationen_US
dc.subjectRenewable energyen_US
dc.titleWhere do we stand on cutting coal dependency? Evidence from the top coal-dependent economiesen_US
dc.typeArticleen_US

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