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Tourism, renewable energy and CO2 emissions: evidence from Europe and Central Asia

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  • Raufhon Salahodjaev

    (Tashkent State University of Economics
    Akfa University)

  • Kongratbay Sharipov

    (Tashkent State University of Economics)

  • Nizomiddin Rakhmanov

    (Tashkent State Technical University)

  • Dilshod Khabirov

    (Tashkent State University of Law)

Abstract

In this study, we explore the relationship between tourism, renewable energy and CO2 emissions in Europe and Central Asia countries over the period 1990–2015. Using two-step GMM estimator, we find that tourism has positive effect on CO2 emissions, while renewable energy reduces carbon emissions. For example, when renewable electricity production increases by 10 percentage points, CO2 per capita emissions decrease by 4.1%. Our results also suggest that GDP per capita has inverted U-shaped relationship with environmental degradation in ECA region, confirming existence of Environmental Kuznets curve (EKC) phenomena in this region.

Suggested Citation

  • Raufhon Salahodjaev & Kongratbay Sharipov & Nizomiddin Rakhmanov & Dilshod Khabirov, 2022. "Tourism, renewable energy and CO2 emissions: evidence from Europe and Central Asia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(11), pages 13282-13293, November.
    • Handle: RePEc:spr:endesu:v:24:y:2022:i:11:d:10.1007_s10668-021-01993-x
    DOI: 10.1007/s10668-021-01993-x
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    Cited by:

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    Keywords

    Tourism; Renewable energy; CO2 emissions; Europe; Central Asia;
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