Determinants of CO2 emissions in South American and European countries: The role of economic growth using renewable and non-renewable energy
Resumo
The objective of this research is to evaluate the impacts of R&D, GDP, income inequality, and renewable energy on CO2 emissions in countries of South America and Europe. It comprised annual data from 1990 to 2014 obtained from the online World Bank database. The final sample included nineteen countries from South America and Europe. We concluded that there is a positive and significant relation between GDP per capita and CO2 emission, and a negative and significant relation between the percentage increase of renewable energy consumption (in relation to total consumption) and CO2 emission, confirming the study hypotheses 1 and 3. As a result, (i) the use of renewable energy is fundamental for reducing CO2 emissions, and (ii) reducing inequality (GINI) results in increased CO2 emissions
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