An analysis of the relationship between energy consumption and the carbon footprint in selected emerging market economies

This study was prepared to determine the relationship between energy consumption and carbon footprint. In the study, the relationship between energy consumption and carbon footprint was examined in a way to cover the years 1992-2018 and E7 countries, and the relevant literature was searched. Dynamic panel data analysis method was used in the research. In the study, in which current econometric methods are used, first of all, cross-section dependence and homogeneity in variables and cointegration equation were investigated, and then unit root and cointegration tests with structural break were applied. In this study; When the tests were examined on a country-by-country basis, it was found that the effect of renewable energy consumption on carbon footprint was statistically significant in all countries except China, and that a 1% increase in the share of renewable energy consumption reduced the carbon footprint in countries other than China by certain percentages and policy recommendations were made in this regard.