Technological pathways to decarbonisation and the role of renewable energy: A study of European countries using consumption-based metrics
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Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier
Erişim Hakkı
info:eu-repo/semantics/embargoedAccess
Özet
To decarbonise Europe in the post-COP26 era, current policies must be adjusted to account for the cross-border
consequences of its consumption pattern. Using consumption-based Kaya identity metrics adjusted for emissions
and energy embodied in traded goods and services, this study examines the nexus between technological factors
defining energy transition progress, specifically energy and carbon intensities of the consumption mix, and
carbon dioxide (CO2) emissions, in a sample of 20 European countries from 1995 to 2019. The empirical steps
rely on panel-data estimators that are robust to cross-sectional dependence and allow for heterogeneous slope
coefficients. The results show that energy and carbon intensities of the consumption mix have a positive rela tionship with CO2 emissions but a negative relationship with renewable energy consumption. The findings also
verify an inverted U-shaped relationship between affluence and CO2 emissions through the energy and carbon
intensity metrics. Additional tests show a unidirectional causality from carbon intensity of the energy mix to CO2
emissions and from renewable energy to the carbon intensity. Also, bidirectional causality exists between CO2
emissions and per capita GDP and energy intensity, and between renewable energy and energy intensity. By
implication, renewable energy provides the technological path to mitigating consumption-induced emissions in
Europe.
Açıklama
Anahtar Kelimeler
CO2 emissions, Energy intensity, Carbon intensity, Renewable energy, Consumption-based kaya identity metrics, COP26
Kaynak
Resources Policy
WoS Q Değeri
N/A
Scopus Q Değeri
N/A
Cilt
83
