Revisiting Renewable and Non-Renewable Energy Consumption and CO_2 Emissions in Caspian Basin
The aim of this research is to examine the impact of real income (GDP), renewable and non-renewable energy on carbon dioxide (CO2) emissions on the Northern Caspian basin countries, namely Russia, Kazakhstan, and Azerbaijan, by using the Environmental Kuznets Curve (EKC) model for the period from 1992 to 2015. The ARDL bounds test of co-integration shows that there is a long-run relationship between CO2 emissions, real income, quadratic real income, renewable energy and non-renewable energy in all three countries. The long-run coefficients of ARDL, FMOLS, DOLS and CCR indicate that the use of non-renewable energy increases environmental pollution and renewable energy can mitigate the effects of climate change. The EKC hypothesis does not hold for all three countries. It is concluded that the governments of Russia, Kazakhstan, and Azerbaijan are required to increase the use of renewable energy and make more investments in environmentally-friendly technologies.
Disclaimer/Regarding indexing issue:
We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.