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Dynamic Interactions of CO2 Emissions and Renewable Energy Consumption on Economic Growth in G20 Countries: A Panel VAR Approach

G20諸国におけるCO2排出量と再生可能エネルギー消費の経済成長への動的相互作用:パネルVARアプローチ (AI 翻訳)

Joko Susilo, Indra Gunawan, Aimatul Yumna

Thailand and The World Economy📚 査読済 / ジャーナル2026-06-05#エネルギー転換Origin: Global対象セクター: cross_sector
DOI: 10.66445/twe.v44i2.274783
原典: https://doi.org/10.66445/twe.v44i2.274783
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🤖 gxceed AI 要約

日本語

G20諸国を対象に、CO2排出量、再生可能エネルギー消費、経済成長の動的関係を1990~2022年のパネルVARで分析。短期的にはCO2排出がGDPを押し上げるが長期的には負の効果、再生可能エネルギーは短期的にGDPを抑制するが長期的には正の効果があることを確認。G20各国は長期的な持続可能な発展のために再生可能エネルギー政策を強化すべきと提言。

English

This study examines the dynamic interactions among CO2 emissions, renewable energy consumption, and economic growth in G20 countries from 1990 to 2022 using panel VAR. Findings show that CO2 emissions boost GDP in the short run but harm it in the long run, while renewable energy has a short-term negative effect but positive long-term impact on growth. The paper recommends G20 countries strengthen renewable energy policies for sustainable development.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

日本のG20参加国としての立場から、再生可能エネルギー導入と経済成長の両立は重要な政策課題。本分析は短期的なコストと長期的な便益のトレードオフを示しており、日本のエネルギー基本計画や2030年目標の評価に示唆を与える。

In the global GX context

As G20 plays a key role in global climate action, this paper provides empirical evidence on the trade-offs between short-term economic costs and long-term benefits of renewable energy deployment. It supports the global transition narrative that early investments in renewables yield long-term positive growth impacts.

👥 読者別の含意

🔬研究者:Provides an empirical benchmark using panel VAR for the energy-growth-emissions nexus in G20 economies.

🏛政策担当者:Highlights the need for policies that address short-term economic drag from renewables while securing long-term growth and emissions reduction.

📄 Abstract(原文)

The interactions among CO2 emissions, renewable energy consumption, and economic growth are highly interconnected, especially among the G20 countries, and significantly impact global CO2 emissions and the global economy. Therefore, we need a more comprehensive understanding to take action to harmonize economic growth with sustainable development. This research will examine the dynamic interaction between C02 emissions and renewable energy consumption on economic growth in G20 countries. In addition, this study uses Panel Vector Autoregression (VAR) methodology over the period 1990 to 2022 and includes several critical phases. This included unit root tests to assess the statistical validity of the data, cointegration tests to determine temporal changes among the variables, and impulse response function tests along with variance decomposition to determine the impact of shocks to one variable on another. The study findings show a correlation between emissions, renewable energy consumption, and economic growth in G20 countries. The results show that CO2 emissions have a favorable short-term effect, boosting GDP growth and economic activity. In contrast, C02 emissions and GDP show negative consequences in the long run. In addition, we confirm that the short-term correlation between renewable energy consumption and GDP is negative. However, the utilization of renewable energy sources has a positive impact in the long run. Therefore, G20 countries should implement renewable energy policies to promote economic growth, achieve sustainable development goals, and mitigate C02 emissions in the short and long term.

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