Towards the vision of going green: The role of different energy research and development investments, urbanization and income in load capacity factor

城市化 经济 实证研究 可再生能源 自然资源经济学 绿色增长 投资(军事) 化石燃料 政府(语言学) 持续性 环境质量 可持续发展 环境经济学 经济增长 生态学 哲学 语言学 认识论 政治 政治学 法学 生物
作者
Abdullah Emre Çağlar,Nazlı Gökçe,Daniel Balsalobre‐Lorente
出处
期刊:Sustainable Energy Technologies and Assessments [Elsevier]
卷期号:68: 103888-103888 被引量:3
标识
DOI:10.1016/j.seta.2024.103888
摘要

Environmental sustainability, one of the agendas of the 21st century, is an essential step in the transition to a low-carbon economy in developing countries. The motivation of this study is to investigate the impact of fossil energy research and development investments on environmental quality within the framework of the load capacity curve hypothesis, and urbanization is also added to the model to avoid omitted variable bias. To this end, the Augmented ARDL analysis examines the relationship between economic growth and ecological well-being in Turkiye from 1986 to 2022. The results from the empirical analysis support the accuracy of the load capacity curve hypothesis. Furthermore, it is observed that renewable energy research and development investments, which are the main component of the study, improve environmental quality. On the other hand, it has been found that research and development investments in fossil fuels and urbanization reduce the load capacity factor. Based on the study's findings, the Turkish government should allocate more research and development budget to transition to a low-carbon economy. Considering Turkiye's intense fossil resource consumption, the government should plan research and development budget arrangements supported by law regarding energy efficiency.
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