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Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)
- Source :
- Arias Montano. Repositorio Institucional de la Universidad de Huelva, instname
- Publication Year :
- 2015
- Publisher :
- Elsevier BV, 2015.
-
Abstract
- This work tries to determine whether it is possible to stabilize CO2 emissions under a rapid increase of Gross Domestic Product in a medium term. The paper is an effort to study in detail how changes in the driving forces of the economy affect CO2 emissions. We study the case of Venezuela for the period 1980–2025, using the methodology proposed by Robalino-Lopez et al. (2014, 2013) [1] , [2] , which is based on an extension of the Kaya identity and on a GDP formation approach that includes the effect of renewable energies. We test the environmental Kuznets curve (EKC) [3] hypothesis in a coming future under different economic scenarios considering, therefore, not only past data but also projections for the coming years. We use cointegration techniques [4] and the Jaunky (2011) [5] specification to test the fulfillment of the EKC hypothesis in Venezuela. Our predictions show that Venezuela does not fulfill the EKC hypothesis, but however, the country could be on the way to achieve environmental stabilization in the medium term. This stabilization could be accomplished combining economic growth with increasing use of renewable energy, appropriated changes in the energy matrix, and in the productive sectoral structure.
- Subjects :
- Macroeconomics
Kaya identity
Cointegration
Renewable Energy, Sustainability and the Environment
business.industry
CO2 emissions
Venezuela
Gross domestic product
Renewable energy
Medium term
Kuznets curve
Work (electrical)
Environmental Kuznets curve
Development economics
Economics
business
Energy matrix
Subjects
Details
- ISSN :
- 13640321
- Volume :
- 41
- Database :
- OpenAIRE
- Journal :
- Renewable and Sustainable Energy Reviews
- Accession number :
- edsair.doi.dedup.....137410ad07c283a1ab1b91a6c0e0247d