أبحاث إقتصادية معاصرة
Volume 8, Numéro 2, Pages 495-514
2025-11-10
Leveraging Marine Renewable Energy For A Circular Carbon Economy: A Pathway To Carbon Neutrality In Italy
Authors : Ben Ammar Dawed .
Abstract
This study explores the impact of marine renewable energy (MRE), focusing on offshore wind and wave power, in advancing Italy’s transition to carbon neutrality within a circular carbon economy (CCE). Using time-series data (2000–2024), it tests the long-run relationships among MRE deployment, carbon intensity (CI), CO₂ emissions, and economic growth through Johansen cointegration and VECM. The hypothesis confirms a significant negative impact of renewable energy capacity (RES_CAP) on emissions and CI, supporting the Environmental Kuznets Curve (EKC). Granger causality reveals mutual reinforcement between RES_CAP and CI. The findings recommend scaling MRE, improving regulatory processes, investing in R&D, and upgrading grid infrastructure to meet decarbonization goals.
Keywords
Marine energy ; Carbon neutrality ; Offshore wind ; Carbon intensity ; VECM
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