Publications by authors named "Turgut Tursoy"

Russia holds the position of being the third largest global producer of oil and plays a significant role in the supply of oil and gas to Europe. The ongoing war conflict has the potential to impede the bilateral and multilateral relations between Russia and Europe. The ramifications of this event will have notable reverberations for environmental endeavors in Europe.

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The relationship between financial development and environmental sustainability has received significant attention in academic discourse. This study explores the crucial role of financial development in addressing the challenge of increasing CO emissions. Using quantile-on-quantile and nonparametric causality-in-quantile methodologies, this research investigates the impacts and causal links between financial market and institution development and CO emissions levels in five major polluting countries from 1990 to 2019.

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As the largest carbon emitter in the world, with its transportation sector contributing the largest shares of its emission, the need for a low-carbon transition economy has become a policy agenda for China because in order to reach carbon neutrality by 2050, lowering the intensity of carbon emissions in the transportation sector will be crucial. In this regard, we used the "bootstrap autoregressive distributed lag model" to explore the impact of clean energy and oil prices on the intensity of carbon emissions in China's transportation sector. The study found that an increase in oil prices decreases the intensity of carbon emissions in the short and long run.

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Creating a reliable energy supply, ecological quality, and economic development has become a global effort. Finance is at the center stage ecological transition to low-carbon emission. Against this backdrop, the present work analyses the impact of the financial sector on CO emissions using data from the top 10 emitting emissions economies from 1990 to 2018.

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Concern about climate change is spreading around the globe. The urge to comprehend the environmental effects and take action is sharply rising. Regarding this, the banking industry has a great chance to offer a solution in terms of green financial solutions and can meet the needs of carbon-conscious organizations to combat and defend our planet.

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The threat of biodiversity loss and mass extinction of species with an aftermath will shape all lives now and those to come. In this context, recent empirical studies illustrate various drivers of biodiversity for better environmental quality; however, the impact of the insurance market has not been thoroughly examined. Likewise, the possible non-linearities between biodiversity and its determinants are ignored in the current empirical literature for BRICS economies.

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Due to the high and rising rates of carbon emissions, the use of renewable energy sources has been encouraged to help achieve carbon neutrality goal. However, renewable energy sources are said to be expensive than fossil fuels. Major studies have been undertaken to ascertain the association between renewable energy and many economic indicators, such as gross domestic product, employment rate, and inflation rate.

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The majority of studies investigating the environmental Kuznets curve predominantly focus on atmospheric indicators, thereby neglecting other environmental indicators such as land, sea, coastal, coral reefs, freshwater, and biodiversity indicators. This study aims to examine the environmental Kuznets curve by using capture fisheries production as a biodiversity indicator. The study uses a panel of 14 countries, of which 10 are newly industrialized and the other 4 are fast-emerging countries.

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This study examines the effects of electricity consumption, financial development, economic growth, trade and ICT on CO emissions in the fast-emerging countries, excluding Russia due to the unavailability of data. Cross-sectional dependency was identified using the Pesaran (2004) and Breusch and Pagan CD tests from Breusch and Pagan (1980) using annual data from 1993 to 2014 based on data availability. The second-generation panel unit root test was applied to investigate the integration order of the series.

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This study investigates the relationship between Internet usage, financial development, economic growth, capital and electricity consumption using quarterly data from 1993Q1 to 2014Q4. The integration order of the series is analysed using the structural break unit root test. The ARDL bounds test for cointegration in addition to the Bayer-Hanck (2013) combined cointegration test is applied to analyse the existence of cointegration among the variables.

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