Unearthing the importance of energy transition, political globalization, and natural resources on environmental degradation for Turkey: The role of economic growth and urbanization

Abstract

The switch from fossil fuels to renewable energy is at the center of the globally hunt for answers to climate change. However, each country's infrastructure and financial status are unique. The notion of energy transition is becoming more and more significant in this context, as it places emphasis on the efficiency of nations' energy systems and their readiness for the alterations in issue. Based on this, the study's goal is to look at how Turkey's political globalization and energy transition have affected the environment. In this context, the new quantile-quantile multivariate regression approach was used to examine the impacts on carbon emissions in a data set encompassing the period 1970–2020 of the innovative energy transition index, political globalization, economic development, and natural resource rents. This method makes it possible to analyze and verify the efficacy of the energy transition as well as the transition for varying emission levels. The energy transition lowers carbon emissions in all quantiles, according to the findings of the empirical assessments, although in high quantiles (high CO2 levels), the shift's pollution-reducing impact is more pronounced. Furthermore, the intermediate quantiles of carbon emissions are less affected by political globalization in terms of lowering emissions.

Keywords

• CO2 emissions
• Energy transition
• Political globalization
• Natural resources
• Quantile on quantile multivariate regression