Does the Real Estate Market and Renewable Energy Induce Carbon Dioxide Emissions? Novel Evidence from Turkey

Energies

Mohammed Abumunshar¹  Ahmed Samour²  Yazan Qashou² 

[1] Faculty of Economics and Administrative Sciences, Cyprus International University, TRNC, 10 Mersin, Lefkosia 99040, Turkey;Faculty of Economics and Administrative Sciences, Near East University, TRNC, 10 Mersin, Lefkosia 99040, Turkey;

关键词: BARDL;    carbon;    energy;    real estate market;    Turkey;   

DOI  :  10.3390/en15030763

来源: DOAJ

【 摘 要 】

In the literature, the linkage between income, energy, and carbon emissions has been widely examined and most of the empirical studies have not investigated the impact of the real estate market on their empirical models. Our study endeavors to present a novel topic by investigating the influence of the real estate market on Turkey’s environmental quality, using an advanced method of the Bootstrap Autoregressive Distributed Lag (BARDL). We estimate that consumption of renewable energy contributes significantly to CO₂ emissions, while real income increases the environmental degradation in both the short and long run. Furthermore, our study demonstrates that the real estate market contributes negatively to the deduction of carbon emissions in Turkey. A one percent increase in the real estate market will cause a rise in Turkey’s carbon level by 0.010% and 0.009% in the short and long term, respectively. Our research suggests that Turkey should design new strategies for sustainable real estate markets to improve the environmental quality by supporting green investment projects.

【 授权许可】

Unknown