CO2 emissions, renewable and non-renewable energy consumption, and economic growth: Evidence from panel data for developing countries

In this paper, using panel data of 42 developed countries over the period 2002-2011 we attempt to empirically examine the linkage between CO2 emissions, renewable and non-renewable energy consumption, and economic growth. Our results suggest that non-renewable energy consumption leads to a negative impact on economic growth for developing countries. Additionally, we find that renewable energy consumption positively contributes to economic growth in the long run.