6 results on '"Kirikkaleli, Dervis"'
Search Results
2. Consumption‐based CO2 emissions in Denmark: The role of financial stability and energy productivity.
- Author
-
Oyebanji, Modupe Oluyemisi, Kirikkaleli, Dervis, and Awosusi, Abraham Ayobamiji
- Subjects
FINANCIAL security ,SUSTAINABLE investing ,CARBON emissions ,ENVIRONMENTAL degradation ,ENVIRONMENTAL quality - Abstract
Climate change can be mitigated and policies can be catalyzed with the aid of financial institutions. By maintaining and strengthening financial stability, the financial sector's resilience could help mitigate climate‐related risks and uncertainties. Hence, an empirical investigation on the effect of financial stability on consumption‐based CO2 emissions (CCO2E) in Denmark is long overdue. This study investigates the financial risk‐emissions relationship in the presence of energy productivity, energy consumption, and economic growth in Denmark. Furthermore, by adopting an asymmetric approach to analyze the time series data for the period between 1995 and 2018, this study helps bridge this major gap in the literature. By adopting the nonlinear autoregressive distributed lag approach (NARDL), we discovered that the positive variation in financial stability causes a reduction in CCO2E, but the neutral connection was reported between the negative shock in financial stability and CCO2E. The positive shock in economic growth and energy consumption intensifies CCO2E; however, a neutral interaction exists between the negative shock in economic growth and CCO2E. The negative shock in energy consumption has a positive effect on CCO2E, indicating a mitigating implication on environmental degradation. In addition, a positive shock in energy productivity enhances environmental quality, while a negative shock in energy productivity increases environmental degradation. In light of the results, we suggest some robust policies for Denmark and other smaller but wealthy nations. Moreover, in order to develop sustainable finance markets, policymakers in Denmark need to mobilize both public and private finance while maintaining a balance with other economic needs of the nation. The country must also identify and understand potential avenues for scaling up private financing for mitigating climate risk. Integr Environ Assess Manag 2023;19:1485–1494. © 2023 SETAC Key Points: Positive shock in financial stability mitigates consumption‐based CO2 emissions, while the negative shock has neutral effect on consumption‐based CO2 emissions in Denmark.‐. A positive shock in energy productivity enhances the environmental quality, while a negative shock in energy productivity promotes ennvironmental degradation [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. The asymmetric and long-run effect of environmental innovation and CO2 intensity of GDP on consumption-based CO2 emissions in Denmark.
- Author
-
Kirikkaleli, Dervis, Abbasi, Kashif Raza, and Oyebanji, Modupe Oluyemisi
- Subjects
TECHNOLOGICAL innovations ,GROSS domestic product ,CARBON emissions ,POWER resources ,SUSTAINABILITY ,ECONOMIC expansion - Abstract
The study explores the relationship between globalization, GDP, the carbon intensity of GDP, patents, and its effect on consumption-based carbon emissions (CCO
2 E). For analysis, novel econometric approaches include nonlinear ARDL and Fourier ARDL, and for robustness, dynamic OLS applied. The results from cointegration tests reveal that there exists a significant long-run relationship between CCO2 E, globalization, economic growth, patents, and the carbon intensity of GDP. Additionally, the empirical results indicate that only positive shock in patents on environmental innovations have a negative and significant impact on CCO2 E, while positive and negative shocks in GDP and carbon intensity of GDP significantly increase CCO2 E. However, only a negative shock in globalization demonstrates the increase in CCO2 E. Also, dynamic OLS findings confirmed the robustness. Given the outcome, it is recommended that the Danish government be cautious when approving policies intended to increase economic growth, as this could negatively affect environmental sustainability. More so, research and development must contribute to technological advancement in the Danish manufacturing sector. Despite this, it is important to prioritize patent promotion. Patent protection can enable Denmark to develop eco-friendly technologies that can reduce carbon emissions, thus enabling life to be more sustainable by utilizing fewer resources and energy. Denmark can reduce CO2 E and foster economic development through a strong patent system on environmental technologies. [ABSTRACT FROM AUTHOR]- Published
- 2023
- Full Text
- View/download PDF
4. Regime switching effect of COVID-19 pandemic on renewable electricity generation in Denmark.
- Author
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Shah, Muhammad Ibrahim, Kirikkaleli, Dervis, and Adedoyin, Festus Fatai
- Subjects
- *
COVID-19 pandemic , *ELECTRIC power production , *MARKOV processes , *COVID-19 , *ELECTRIC power consumption - Abstract
Denmark has achieved remarkable success in renewable energy generation over the last several decades. However, the country's goals of meeting its 50% energy demand from renewable by 2030 and becoming independent of fossil fuel by 2050 are currently in jeopardy due to the COVID-19 pandemic, which emerged at the end of December 2019 in the Chinese city of Wuhan. This study, therefore, tries to see how COVID-19 affects renewable electricity generation in Denmark using the advanced econometric framework. Several nonlinear estimation techniques such as Fourier ADL cointegration analysis and Markov Switching regression are used to estimate the relationship between the three channels of COVID-19 and renewable electricity generation. The result from the Markov Switching regression reveals that renewable electricity production in Denmark is adversely affected by the enforced lockdown as captured via the stringency index, economic support provided to tackle the pandemic, and daily confirmed deaths of COVID-19. Moreover, the causality test shows that the stringency index and daily confirmed deaths of COVID-19 are important predictors of renewable electricity, but the economic support index has weak causality with renewable electricity. The study finally presents some crucial policy suggestions for Denmark which can help the country achieve its renewable production goals. [Display omitted] • The relationship between COVID-19 and renewable electricity production in Denmark is investigated. • Non-linear estimation techniques are used. • COVID-19 has a multiplier and negative effect on renewable generation. • Denmark requires strategic actions to maintain its process of becoming fossil fuel free in the post-COVID world. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
5. Consumption-based CO 2 emissions in Denmark: The role of financial stability and energy productivity.
- Author
-
Oyebanji MO, Kirikkaleli D, and Awosusi AA
- Subjects
- Denmark, Renewable Energy, Carbon Dioxide analysis, Economic Development
- Abstract
Climate change can be mitigated and policies can be catalyzed with the aid of financial institutions. By maintaining and strengthening financial stability, the financial sector's resilience could help mitigate climate-related risks and uncertainties. Hence, an empirical investigation on the effect of financial stability on consumption-based CO
2 emissions (CCO2 E) in Denmark is long overdue. This study investigates the financial risk-emissions relationship in the presence of energy productivity, energy consumption, and economic growth in Denmark. Furthermore, by adopting an asymmetric approach to analyze the time series data for the period between 1995 and 2018, this study helps bridge this major gap in the literature. By adopting the nonlinear autoregressive distributed lag approach (NARDL), we discovered that the positive variation in financial stability causes a reduction in CCO2 E, but the neutral connection was reported between the negative shock in financial stability and CCO2 E. The positive shock in economic growth and energy consumption intensifies CCO2 E; however, a neutral interaction exists between the negative shock in economic growth and CCO2 E. The negative shock in energy consumption has a positive effect on CCO2 E, indicating a mitigating implication on environmental degradation. In addition, a positive shock in energy productivity enhances environmental quality, while a negative shock in energy productivity increases environmental degradation. In light of the results, we suggest some robust policies for Denmark and other smaller but wealthy nations. Moreover, in order to develop sustainable finance markets, policymakers in Denmark need to mobilize both public and private finance while maintaining a balance with other economic needs of the nation. The country must also identify and understand potential avenues for scaling up private financing for mitigating climate risk. Integr Environ Assess Manag 2023;19:1485-1494. © 2023 SETAC., (© 2023 SETAC.)- Published
- 2023
- Full Text
- View/download PDF
6. The asymmetric and long-run effect of environmental innovation and CO 2 intensity of GDP on consumption-based CO 2 emissions in Denmark.
- Author
-
Kirikkaleli D, Abbasi KR, and Oyebanji MO
- Subjects
- Technology, Internationality, Denmark, Renewable Energy, Carbon Dioxide analysis, Economic Development
- Abstract
The study explores the relationship between globalization, GDP, the carbon intensity of GDP, patents, and its effect on consumption-based carbon emissions (CCO
2 E). For analysis, novel econometric approaches include nonlinear ARDL and Fourier ARDL, and for robustness, dynamic OLS applied. The results from cointegration tests reveal that there exists a significant long-run relationship between CCO2 E, globalization, economic growth, patents, and the carbon intensity of GDP. Additionally, the empirical results indicate that only positive shock in patents on environmental innovations have a negative and significant impact on CCO2 E, while positive and negative shocks in GDP and carbon intensity of GDP significantly increase CCO2 E. However, only a negative shock in globalization demonstrates the increase in CCO2 E. Also, dynamic OLS findings confirmed the robustness. Given the outcome, it is recommended that the Danish government be cautious when approving policies intended to increase economic growth, as this could negatively affect environmental sustainability. More so, research and development must contribute to technological advancement in the Danish manufacturing sector. Despite this, it is important to prioritize patent promotion. Patent protection can enable Denmark to develop eco-friendly technologies that can reduce carbon emissions, thus enabling life to be more sustainable by utilizing fewer resources and energy. Denmark can reduce CO2 E and foster economic development through a strong patent system on environmental technologies., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)- Published
- 2023
- Full Text
- View/download PDF
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