Potential of renewable energy and natural resources for sustainable economic growth and carbon neutrality

The need for carbon neutrality is one of the main challenges of climate policies.This concept aims to reduce carbon emissions to zero, using clean energy and other measures that reduce humanity's impact on climate change.The study aims to examine the relationships between renewable energy consumption, broad money, urbanization and natural resources and their effects on carbon dioxide emissions for sustainable economic growth in Southeast European countries.The study uses secondary data covering 15 years, 2008-2022.The data is a panel that was taken from the World Bank database.Data processing and analysis were performed using STATA software, using econometric models such as OLS, fixed effects, random effects and the Hausman-Taylor method as the most appropriate approach for analyzing panel data.According to the study results, renewable energy consumption negatively impacts carbon dioxide emissions at a significant level equal to 10%.Therefore, this indicates that the environment becomes cleaner relative to the rate at which the consumption of renewable energy increases.At the same time, one of the possible implications that emerges from the study is the positive relationship of natural resources with the emission of carbon dioxide for the study countries.