The green growth-CO2 emissions link in G7 countries: the role of energy productivity


Cetin M., Sarigul S. S., Danish D.

INTERNATIONAL JOURNAL OF ENVIRONMENTAL SCIENCE AND TECHNOLOGY, 2024 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Review
  • Publication Date: 2024
  • Doi Number: 10.1007/s13762-024-06097-3
  • Journal Name: INTERNATIONAL JOURNAL OF ENVIRONMENTAL SCIENCE AND TECHNOLOGY
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Agricultural & Environmental Science Database, Aqualine, Aquatic Science & Fisheries Abstracts (ASFA), Biotechnology Research Abstracts, CAB Abstracts, Compendex, Environment Index, Geobase, INSPEC, Pollution Abstracts, Veterinary Science Database
  • Kayseri University Affiliated: Yes

Abstract

In recent years, a significant part of the literature has argued that green growth is an important dynamic that can be used to combat CO2 emissions. An important feature of the G7 countries is that they perform well in green growth indicators. Therefore, whether G7 countries can benefit from green growth for the carbon neutrality goals emerges as an important research topic. The study analyzes the green growth-CO2 emissions relationship for the G7 countries over the period 1990-2019 and considers the role of energy productivity. The study also integrates fixed capital, trade openness and ICT as other explanatory variables in the CO2 emissions model. The empirical analyses are performed by advanced panel techniques such as the Westerlund cointegration test, AMG and Driscoll-Kraay estimators, Dumitrescu-Hurlin panel causality test. The findings reveals a long-run link among the variables. Green growth and energy productivity mitigate CO2 emissions while fixed capital, trade openness and ICT boost it. Bi-direcational cauasality is running between CO2 emissions and explantory variables. The findings recommend that policy makers of G7 countries should take steps to accelerate green growth and energy productivity performance in the fight against environmental pollution.