CO2 emissions and energy technologies in Western Europe Articles uri icon

authors

  • Barrera Santana, J.
  • Marrero, Gustavo A.
  • Puch, Luis A.
  • DIAZ RODRIGUEZ, ANTONIA

publication date

  • June 2021

start page

  • 105

end page

  • 150

issue

  • 2

volume

  • 12

International Standard Serial Number (ISSN)

  • 1869-4187

Electronic International Standard Serial Number (EISSN)

  • 1869-4195

abstract

  • In this paper, we investigate the path to the green transition in Europe. In so doing, we implement an empirical model of dynamic panel data on a sample of sixteen Western European countries over the period 1980 to 2019. The model is consistent withvariousfeaturesofneoclassicalgrowththeoryincorporatingenergyuse.Ourfocus is on the short-run determinants of carbon emissions within that set of countries. We provide evidence that the relationship between economic activity and CO2 emissions is strong in economies where economic booms depend on energy-intensive sectors. Also,themitigatingroleofrenewableenergytechnologiesiskeywhenenergyintensity rebounds. These circumstances may constitute a challenge for the climate transition goals targeted in the EU"s Recovery Plan, whose main objective at this very moment is to mitigate the economic and social impact of the coronavirus pandemic.

subjects

  • Renewable Energies

keywords

  • business cycles; co2 emissions; energy; panel data