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The Causal Nexus Among Energy Dependency, Human Capital, and Renewable Energy: An Empirical Analysis for EU Members

doi: 10.3390/en17215305
Countries have turned to developing renewable energy production, avoiding the risks posed by the disruptions in global energy trade, the high volatility in energy prices, and the remarkable environmental impairment. Numerous economic, environmental, institutional, and social factors have been put forward as driving factors toward renewable energy. The goal of this research article is to study the causal nexus among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy of the 27 EU members between 2000 and 2020 through Emirmahmutoglu and Kose causality test. The results of the panel-level causality tests demonstrate feedback interplay among energy dependency, human capital, real GDP per capita, CO2 emissions, and renewable energy use. However, the results of the country-level causality analysis unveil that the interplay among renewable energy utilization, energy dependency, real GDP per capita, CO2 emissions, and human capital remarkably varies among EU members. The results of this study suggest that renewable energy investments are significant instruments to make progress in energy security, human capital, real GDP per capita, and CO2 emissions. Furthermore, energy security, human capital, real GDP per capita, and CO2 emissions are significant drivers of renewable energy development.
- Istanbul University Turkey
- Akdeniz University Turkey
- Bandırma Onyedi Eylül University Turkey
- Financial University Russian Federation
- Financial University Russian Federation
CO<sub>2</sub> emissions, Technology, energy dependency, T, human capital, real GDP per capita, renewable energy, panel causality test
CO<sub>2</sub> emissions, Technology, energy dependency, T, human capital, real GDP per capita, renewable energy, panel causality test
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).2 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
