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August 15, 2025EnergiesOpen Access

The Effects of Renewable Energy, Economic Growth, and Trade on CO2 Emissions in the EU-15

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Authors

NLNemanja LojanicaUniversity of KragujevacDPDanijela PantovićUniversity of KragujevacMDMiloš DimitrijevićUniversity of Kragujevac

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Implication

Analysis shows renewable energy reduces CO2 emissions in EU-15, suggesting need for cleaner technologies.

Key Points

  • Renewable energy significantly reduces CO2 emissions, while economic growth increases emissions, indicating a complex relationship.
  • In the study, economic growth has varying coefficients, from 0.43 to 5.70, depending on the EU-15 country analyzed.
  • Using ARDL modeling and panel PMG-ARDL approaches, the research identifies cointegration among emissions, energy use, and economic factors.
  • The findings emphasize the importance of transitioning to cleaner technologies and enhancing energy efficiency for sustainable development.

Cite This Study

Lojanica et al. (2025) studied this question.

synapsesocial.com/papers/68af509bad7bf08b1ead8644https://doi.org/10.3390/en18164363
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