Abstract
The goal of this research was to examine the relationship between climate change and energy resources within the scope of the European Union by using static panel data method and Root Mean Square Error methodologies for the period of 1990–2018. As more specifically, the purpose was to evaluate the effects of the consumption in nonrenewable and ecological energy resources on CO2 emissions. Under the related purpose, the variables of CO2 emissions, which have the greatest impact on the climate change parameter among the greenhouse gases; oil, natural gas, coal, nuclear energy, hydroelectric energy, wind energy, geothermal energy, solar energy and biomass energy related to energy parameter were used. According to the findings of the unit effective fixed effects model; it was concluded that coal, natural gas and oil consumption increased CO2 emissions while ecological energy consumption decreased CO2 emissions. Oil consumption was the most influential variable on CO2 emissions. Root Mean Square Error findings indicate that the variable which has the highest effect on CO2 emissions is geothermal energy consumption; and the lowest effect variable is the consumption of oil energy.
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Notes
- 1.
The panel data analysis was carried out in Belgium, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, the Netherlands, Poland, Spain, Sweden and the UK sample set from EU member countries due to data limitation.
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Sahin, G., Ayyildiz, F.V. (2020). Climate Change and Energy Policies: European Union-Scale Approach to a Global Problem. In: Qudrat-Ullah, H., Asif, M. (eds) Dynamics of Energy, Environment and Economy. Lecture Notes in Energy, vol 77. Springer, Cham. https://doi.org/10.1007/978-3-030-43578-3_14
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