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Analyzing the EKC hypothesis for the top 10 energy-importing countries: a perspective for the COP27 targets
Air Quality, Atmosphere & Health ( IF 5.1 ) Pub Date : 2023-12-28 , DOI: 10.1007/s11869-023-01490-2
Ugur Korkut Pata , Mustafa Naimoglu , Selin Karlilar , Mustafa Tevfik Kartal

The environmental Kuznets curve (EKC) has been analyzed in many studies, but none of them has focused on countries with high energy imports. COP27 reiterated that fossil fuels are the main cause of carbon dioxide (CO2) emissions and highlighted the importance of net-zero targets for CO2 reduction by 2050. Analyzing the determinants of CO2 emissions in countries that import a lot of fossil energy is an important issue for achieving the net-zero targets within the scope of COP27. The study therefore empirically analyzes the effects of resource rents, energy prices, urbanization, and income on CO2 emissions. To this end, the study uses second-generation panel data analyses for the top 10 energy-importing countries for the period 1990–2020. The results suggest that (i) natural resources rent and urbanization increase CO2 emissions; (ii) an increase in energy prices helps to achieve carbon neutrality goals; (iii) GDP has a U-shaped link with CO2 emissions; and (iv) the EKC hypothesis is not valid for energy import-dependent countries. These findings suggest that energy import-dependent countries should strive for COP27 goals by adopting green urbanization policies, resource rent regulation laws, and energy price adjustments in domestic markets that accompany the transition to clean energy.



中文翻译:

分析十大能源进口国的 EKC 假设:COP27 目标的视角

许多研究都对环境库兹涅茨曲线(EKC)进行了分析,但没有一项研究关注能源进口量高的国家。COP27 重申化石燃料是二氧化碳 (CO 2 ) 排放的主要原因,并强调了到 2050 年实现 CO 2净零排放目标的重要性。分析大量进口化石能源国家 CO 2 排放决定因素这是在 COP27 范围内实现净零目标的一个重要问题。因此,本研究实证分析了资源租金、能源价格、城市化和收入对CO 2排放的影响。为此,该研究采用第二代面板数据对1990-2020年期间十大能源进口国进行分析。结果表明:(i) 自然资源租金和城市化增加了CO 2排放;(ii) 能源价格上涨有助于实现碳中和目标;(iii) GDP 与 CO 2排放量呈 U 形联系;(iv) EKC 假设对于依赖能源进口的国家无效。这些研究结果表明,依赖能源进口的国家应通过采取绿色城镇化政策、资源租金监管法以及伴随向清洁能源转型的国内市场能源价格调整来努力实现COP27的目标。

更新日期:2023-12-28
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