Analysis of the relationship between innovation, CO2 emission and renewable energy in Turkey

Authors : Selim İNANÇLI, Mustafa TORUSDAĞ

Pages : 513-521

View : 12 | Download : 9

Publication Date : 2021-10-31

Article Type : Research Paper

Abstract :Due to rapid technological development and increase in economic activities, environmental problems such as global warming and climate change, CO2 emission, environmental pollution are among significant global issues. In recent years, Eco-innovations, which are intended to benefit the environment and contribute to environmental sustainability, bring energy by saving technology, adding a new dimension to the concept of innovation as well as bringing its environmentalist face to the fore. In this study, the relationship between innovation, CO2 emissions and renewable energy for the 1990-2019 period for Turkey was examined and analyzed with Bayer-Hanck insert ignore into journalissuearticles values(2012); cointegration test together with Toda-Yamamoto insert ignore into journalissuearticles values(1995); and Hacker-Hatemi-J insert ignore into journalissuearticles values(2006); causality tests. According to Bayer-Hanck insert ignore into journalissuearticles values(2012); cointegration test, it was concluded that the variables are cointegrated in the long run. In line with the overlapping findings of the causality analyses of Toda Yamamoto insert ignore into journalissuearticles values(1995); and Hacker-Hatemi-J insert ignore into journalissuearticles values(2006);, it was concluded that there is a one-way causality relationship from CO2 emissions to renewable energy consumption.
Keywords : Innovation, Co2 Emissions, Renewable Energy, Causality Test