Renewable energy and CO2 emissions intensity in the top carbon intense countries

This study employed panel data techniques to explore the relationship between renewable energy and CO2 emissions intensity in the top carbon intense countries over the period 2000-2015. The results based on fixed effects regression and two-step GMM estimator show that renewable energy has sig-nificant negative effect on CO2 emissions. The estimates suggest that a percentage increase in renewable energy consumption leads to a decrease of 0.98% in CO2 emissions. GDP per capita has negative impact on carbon emissions. A 1% increase in GDP per capita leads to 0.21% decrease in CO2 emissions. We also find that increase in the share of women in parliament has positive effect on environmental quality. (C) 2022 Published by Elsevier Ltd.