THE RELATIONSHIPS BETWEEN GDP GROWTH, ENERGY CONSUMPTION, RENEWABLE ENERGY PRODUCTION AND CO2 EMISSIONS IN EUROPEAN TRANSITION ECONOMIES

The objective of the analysis is to study relationships between GDP, energy consumption, renewable production, and CO2 emissions in some European transition economies period 1990-2018. We use growth rates per capita values, a panel VAR approach where all variables are typically treated as endogenous, allowing inference on causality relationships. decision focus countries motivated by fact that significant part future green economy Europe depends environmental policies will be implemented these countries. In (and years) included analysis, our findings suggest investing efficiency good for competitiveness (in terms effects GDP growth) environment diminishing emissions). Finally, an increasing production energies reduces emissions. Keywords: Energy consumption; Economic growth; Renewable energy; emissions; Transition JEL Classifications : O44, Q43 DOI: https://doi.org/10.32479/ijeep.11275