Renewables as a pathway to environmental sustainability targets in the era of trade liberalization: empirical evidence from Turkey and the Caspian countries

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dc.authoridhttps://orcid.org/0000-0003-1497-7835en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorOnifade, Stephen Taiwo
dc.contributor.authorErdoğan, Savaş
dc.contributor.authorAlagöz, Mehmet
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-07-13T06:56:25Z
dc.date.available2023-07-13T06:56:25Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThe quest for improved environmental quality through low-carbon emission has been explored in this study in the wake of the growing call for a transition to renewable energy use amidst widening trade relations between Turkey and the countries in the Caspian region including Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs) and their impact by 2030. These SDGs encompass pertinent targets on responsible energy consumption (SDG-12), access to clean and affordable energy (SDG-7), and climate change action (SDG-13). Empirical evidence from the dynamic ordinary least squares (DOLS) technique corroborated by the fully modified ordinary least squares (FMOLS) technique shows that a percent rise in renewable energy consumption level significantly abates carbon emission among these countries by about 0.26% while growing globalization vis-à-vis a percent increase in openness to trade significantly hampers environmental quality via inducement of carbon emission level by 0.32%. Extended findings from the Granger causality analysis corroborate the significance of the long-run coefficients with regard to the double-edged benefits of renewable energy consumption in enhancing both environmental quality and income levels through lower carbon emission and sustainable economic growth stimulations among the countries. The study confirmed the inverted U-shape relation between income growth and environmental deterioration, thus validating the EKC hypothesis for Turkey and the Caspian countries. This suggests that both blocs are still at the scale stage of their growth trajectory, where the emphasis is focused on increasing income level relative to environmental sustainability. As such, important policy measures were provided in the concluding section of this study.en_US
dc.identifier.doi10.1007/s11356-021-13684-1en_US
dc.identifier.endpage41674en_US
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.issue31en_US
dc.identifier.pmid33783708en_US
dc.identifier.scopus2-s2.0-85103415177en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage41663en_US
dc.identifier.urihttps://hdl.handle.net/11363/5017
dc.identifier.urihttps://doi.org/
dc.identifier.volume28en_US
dc.identifier.wosWOS:000635108900003en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherSPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANYen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEnvironmental sustainabilityen_US
dc.subjectRenewable energyen_US
dc.subjectCO2 emission reductionen_US
dc.subjectTradeen_US
dc.subjectTurkey and Caspian countriesen_US
dc.subjectEKCen_US
dc.titleRenewables as a pathway to environmental sustainability targets in the era of trade liberalization: empirical evidence from Turkey and the Caspian countriesen_US
dc.typeArticleen_US

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