International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1528
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Asst. Prof. Dr. Junus Ganiev
Session : 1E Büyüme I
The Relationship Between CO2 Emissions, Economic and Financial Development and Fossil Fuel Energy Consumption in Central Asia
Orta Asya Ülkelerinde CO2 Emisyonu, İktisadi ve Finansal Gelişme ve Fosil Yakıt Enerji Tüketimi İlişkisi
- Asst. Prof. Dr. Mahmut Erdoğan (Kyrgyz-Turkish Manas University, Kyrgyzstan)
- Asst. Prof. Dr. Junus Ganiev (Kyrgyz-Turkish Manas University, Kyrgyzstan)
Abstract
Although environmental deterioration is a main result of the process of economic growth, global warming and climate change has been threating the quality of human life. Though Central Asian countries (Azerbaijan, Kazakhstan, Kyrgyzstan, Georgia, Tajikistan, Turkmenistan, Uzbekistan and Armenia) signed to Kyoto protocol to decrease CO2 emission levels, these countries still have environmental pollution concerns. This paper examines relationships between CO2 emissions, economic and financial development and fossil fuel energy consumption for a panel of Central Asian countries over the period 1992-2013. The findings of this study show that an inverted U shape environmental Kuznets curve for Central Asia. Moreover, energy consumption and urbanization are found to have positive effects on CO2 emissions. However, analysis suggests that financial development and trade openness are essential factors for the reduction of CO2 emissions.
JEL codes: Q43, C33, Q56
Erdoğan, Mahmut, Ganiev, Junus (2016). "The Relationship Between CO2 Emissions, Economic and Financial Development and Fossil Fuel Energy Consumption in Central Asia" in Proceedings of International Conference of Eurasian Economies 2016, pp.760-766, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01528
