LAPSE:2023.7140
Published Article
LAPSE:2023.7140
Impact of Renewable Energy Sources and Nuclear Energy on CO2 Emissions Reductions—The Case of the EU Countries
February 24, 2023
The aim of this work is to analyse the dependence of carbon dioxide (CO2) emissions on total energy consumption, the energy produced from renewable sources, the energy produced in nuclear power plants and the gross domestic product (GDP) in 22 European countries, over the period 1992−2019. The fully modified ordinary least squares model (FMOLS) and dynamic OLS (DOLS) were used to estimate the long-term cointegration relationship between the variables. First differenced (FD) general moments methods (GMM) were used in the estimation of short-run relationship dynamics. The results suggest that energy produced from renewable sources causes a reduction in CO2 emissions per capita. On the other hand, total energy consumption increases CO2 emissions in the long run. Although the mitigation effect of nuclear power was not found to be significant across the entire block of countries studied, a closer look at countries utilising nuclear energy reveals that nuclear energy positively affects the reduction in CO2 emissions. Economic growth also has a positive effect on the reduction in CO2 emissions, which confirms the decoupling of economic development from environmental impacts. These findings are crucial for understanding the causality between these variables and the adoption of new or revision of existing policies and strategies promoting the carbon-neutral and green economy at the EU and national level.
Keywords
CO2 emissions, economic growth, energy consumption, Nuclear, renewables
Suggested Citation
Petruška I, Litavcová E, Chovancová J. Impact of Renewable Energy Sources and Nuclear Energy on CO2 Emissions Reductions—The Case of the EU Countries. (2023). LAPSE:2023.7140
Author Affiliations
Petruška I: Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia
Litavcová E: Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia; The Faculty of Education, The Catholic University in Ruzomberok, 034 01 Ruzomberok, Slovakia [ORCID]
Chovancová J: Faculty of Management and Business, University of Presov, 080 01 Presov, Slovakia [ORCID]
Journal Name
Energies
Volume
15
Issue
24
First Page
9563
Year
2022
Publication Date
2022-12-16
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en15249563, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.7140
This Record
External Link

doi:10.3390/en15249563
Publisher Version
Download
Files
[Download 1v1.pdf] (1.1 MB)
Feb 24, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
91
Version History
[v1] (Original Submission)
Feb 24, 2023
 
Verified by curator on
Feb 24, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.7140
 
Original Submitter
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version