DOES CLIMATE POLICY UNCERTAINTY IN THE US AFFECT RENEWABLE ENERGY CONSUMPTION?

Year 2023, Volume: 24 Issue: 4, 180 - 203, 27.12.2023

Özlem Gül Dinç

https://doi.org/10.53443/anadoluibfd.1260702

Abstract

This study aims to examines the relationship between climate policy uncertainty and renewable energy consumption, CO2 emissions, and economic growth by sectors in the 2000M1-2021M12 period of the USA. For this purpose, the recursive evolving window causality test, which is a new time-varying causality test, was used in this study. According to the findings, there is a strong relationship between CO2 emissions and climate policy uncertainty in the electricity and industry sector, while there is a strong relationship between climate policy uncertainty to CO2 emissions in the housing sector. However, in the commercial sector, there is a strong relationship between climate policy uncertainty and renewable energy consumption. The results of the analysis show that the steps to be taken to reduce climate policy uncertainty will especially affect carbon dioxide emissions and renewable energy consumption. From this perspective, we can indicate that raising awareness of climate change is one of the first steps to be undertaken to reduce climate policy uncertainty.

Keywords

Climate Policy Uncertainty, CO2 Emissions, Renewable Energy Consumption, Time-Varying Causality

ABD'DE İKLİM POLİTİKASI BELİRSİZLİĞİ YENİLENEBİLİR ENERJİ TÜKETİMİNİ ETKİLER Mİ?

Abstract

Bu çalışmanın amacı ABD’nin 2000M1-2021M12 döneminde sektörlere göre iklim politikası belirsizliği ile yenilenebilir enerji tüketimi, CO2 emisyonu ve ekonomik büyüme arasındaki ilişkiyi incelemektir. Bu amaç doğrultusunda çalışmada yeni bir zamana göre değişen nedensellik testi olan özyinelemeli gelişen pencere nedensellik testi kullanılmıştır. Elde edilen bulgulara göre elektrik ve sanayi sektöründe CO2 emisyonundan iklim politikası belirsizliğine doğru güçlü ilişki bulunurken, konut sektöründe iklim politikası belirsizliğinden CO2 emisyonuna doğru güçlü ilişki bulunmaktadır. Öte yandan ticari sektörde ise iklim politikası belirsizliğinden yenilenebilir enerji tüketimine doğru güçlü bir ilişki bulunmaktadır. Analiz sonuçlarına göre iklim politikası belirsizliğinin azaltılmasına yönelik olarak yapılacak adımların özellikle karbondioksit emisyonunu ve yenilenebilir enerji tüketimini etkileyeceği göstermektedir. Buradan hareketle, iklim politikası belirsizliğini azaltmaya yönelik olarak atılacak adımların başında iklim değişikliği farkındalığının artırılmasını gösterebiliriz.

Keywords

İklim Politikası Belirsizliği, CO2 emisyonu, Yenilenebilir Enerji Tüketimi, Zamanla Değişen Nedensellik

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