ASSESSMENT OF THE DYNAMIC RELATIONSHIP BETWEEN GREEN ENERGY, CO2 EMISSIONS AND ECONOMIC GROWTH BASED ON THE TVP-VAR MODEL
DOI:
https://doi.org/10.47390/SPR1342V6SI3Y2026N06Keywords:
green energy, CO2 emissions, economic growth, TVP-VAR model, time-variable parameters, renewable energy sources, econometric analysis, pulse-reaction function, sustainable development, green economy.Abstract
This article analyzes the dynamic relationship between green energy consumption, CO2 emissions, and economic growth using the TVP-VAR model. The study assesses the changing interaction of these factors over time and, based on econometric methods, determines the relationship between economic growth, the share of renewable energy sources, and carbon emissions. The results show that increasing the share of green energy contributes to reducing CO2 emissions and ensuring sustainable economic growth. The obtained conclusions serve as an important scientific basis for the development of the green economy and the formation of an effective energy policy.
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