Investment in renewable energies and their role in achieving the goals of the environmental dimension of sustainable development in the selected countries: (Iraq, Iran, Algeria, Kazakhstan, Turkey, Jordan, Egypt) for the period (2009 – 2017)

Hussien, Ali; Abbas Ali, Ali

doi:10.24271/garmian.2023.10417

Investment in renewable energies and their role in achieving the goals of the environmental dimension of sustainable development in the selected countries: (Iraq, Iran, Algeria, Kazakhstan, Turkey, Jordan, Egypt) for the period (2009 – 2017)

Document Type : Original Article

Authors

Ali Hussien ¹

Ali Abbas Ali ²

¹ Sulaimani University

² Economics / College of Administration and Economics / University of Sulaimani

https://doi.org/10.24271/garmian.2023.10417

Abstract

Investment in renewable energies has recently become one of the main mechanisms for achieving sustainable development in various countries, given the advantages of renewable energies related to the economic, environmental and social dimensions of sustainable development. On this basis, this research aims to measure and analyze the role of investment in renewable energies on carbon dioxide emissions as one of the indicators related to the environmental dimension of sustainable development in the selected countries (Iraq, Iran, Algeria, Kazakhstan, Turkey, Jordan, and Egypt) for the period (2009-2017). In order to achieve this goal, the research relied on the standard-analytical method using the models (OLS and ARDL) and based on the time series data for the quarter for the period between (2009Q1 - 2017Q4). Accordingly, the research reached a number of conclusions, the most important of which is that investment in renewable energies led to a decrease in carbon dioxide emissions (CO2) as one of the environmental indicators, while the per capita GDP as an indicator of economic activity led to the deterioration of the environment due to the increase in carbon dioxide emissions carbon for all selected countries. Among the most important research proposals, it focused on increasing investment in the field of energy to support the transition path to the economics of renewable energies, through the expansion of investment projects in the field of renewable energies by providing financial or fiscal privileges by the state, which strongly supports the success of these projects, and in return impose Fines and penalties for projects that pollute the environment.

Keywords

renewable energies investment

sustainable development

environmental dimension

models (OLS

ARDL)