Renewable energy consumption, economic growth and the relationship between financial development: An application on G20 countries

Today, understanding the complex relationships between energy consumption, economic growth and financial development is gaining importance as one of the cornerstones of sustainable development. In this context, the study titled "The Relationship Between Renewable Energy Consumption, Economic Growth and Financial Development: An Application on G20 Countries" was carried out in order to deeply understand and analyze the dynamic relationships between these factors in G20 countries. The study aims to develop a critical understanding of how global energy needs can be optimized for a sustainable future. Analyzing the relationships between economic growth, financial development and renewable energy consumption of G20 countries can contribute to the more effective design of energy policies of these countries and their achievement of sustainable development goals. Therefore, this study tried to determine the effects of energy consumption on economic growth and financial development. This research was conducted to contribute to the understanding of the complex relationships between financial development and economic growth and renewable energy consumption while evaluating the energy strategies of G20 countries. The findings are aimed to contribute to more effective management of energy policies and sustainability efforts. In the study, panel data analyzes were used to reveal the relationship between econometric analyzes and variables (Renewable Energy Consumption, Economic Growth and Financial Development).