Akademik Veri Yönetim Sistemi
Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, cilt.46, sa.2, ss.1-24, 2024 (Hakemli Dergi)
The desire for infinite growth brought by the capitalist
understanding threatens humanity along with nature, and we are confronted with
a more polluted world where the ecological crisis is deepening daily. This
study aims to examine the asymmetric effect of oil prices on CO2 emissions with
the non-linear ARDL cointegration method (NARDL) and to draw attention to the
importance of renewable energy with annual data for the period 1971-2021 for
Turkey. As a result of the study, per capita income is statistically
insignificant. When other variables are analyzed, CO2 emissions per capita
increase as energy use per capita increases. This result is supported by the
results of renewable electricity generation, which is another variable. When
renewable electricity generation increases by 1%, CO2 emissions per capita
decrease by 0.23%. The asymmetric effect of oil prices on CO2 in the long run
varies according to the shocks. A 1% increase in oil prices reduces CO2
emissions per capita by 0.046%. A 1% increase in negative shocks in oil prices
increases CO2 emissions by 0.027%. Based on these results, CO2 emission in
Turkey is asymmetrically affected by oil prices and renewable energy generation
plays a critical role in preventing this imbalance.