Renewable energy in Turkey: Great potential, low but increasing utilization, and an empirical analysis on renewable energy-growth nexus

By Umit Bulut, G. Muratoğlu. Energy Policy, 2018

175 citations recorded by the source corpus.

Abstract Concerns about the exhaustion of fossil energy sources, energy security problems, and increasing environmental problems have led policy makers to pay greater attention to renewable energy sources all over the world. Additionally, high current account deficits stemming from energy import dependency make substitution of fossil energy with renewable energy a necessity for Turkey. Although Turkey has a great potential in terms of renewable energy, it has not begun to utilize this great potential until recent years. However, Turkey has many motives to utilize renewable energy further. This paper aims to investigate whether renewable energy consumption raises GDP in Turkey. For this purpose, the paper uses data spanning the period 1990–2015 and employs cointegration and causality tests which can present efficient output in small samples. The findings indicate that GDP is not related to renewable energy consumption and there is no causality between GDP and renewable energy consumption in Turkey. In conclusion, the paper argues that these findings may stem from the low share of renewable energy in total energy and Turkey needs to utilize renewable energy sources further to (i) meet energy needs for economic activities, (ii) mitigate environmental problems, and (iii) reduce energy import dependency and current account imbalances.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/9602746dedc0a2796f15d10e5f45a93ccdb543ed

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Citations in the corpus

Do Environment-Related Policy Instruments and Technologies Facilitate Renewable Energy Generation? Exploring the Contextual Evidence from Developed Economies (2021, background): “On the other hand, no cointegration and no causality were found between renewable energy consumption and economic growth in Turkey in the long run [52].”
Renewable energy, institutional stability, environment and economic growth nexus of D-8 countries (2020, methodology): “[26], where the authors studied the impact of renewable energy consumption on GDP for Turkey for the period from 1990 to 2015.”
Renewable energy consumption and economic growth nexus: Evidence from a threshold model (2020, background): “18 (2015) for Canada, Italy and the USA, Bulut and Muratoglu (2018) for Turkey, among others)”
Investigating the role of environmental taxes and regulations for renewable energy consumption: evidence from developed economies (2021, unknown): “Though, Hussain et al. (2021), Bhattacharya et al. (2017), and Bulut and Muratoglu (2018) indicated that the indus-trialization has a positive association with the renewable energy consumption in the medium and long run.”