Is energy consumption in the transport sector hampering both economic growth and the reduction of CO2 emissions? A disaggregated energy consumption analysis

- The paper analysis the interactions between transport sector energy consumption, by source, growth and CO2 emissions.
- A panel for 15 OECD countries with annual data from 1995 to 2014 was used.
- The short- and long-run effects were analysed by using a ARDL approach with DK-FE estimator.
- Economic growth is boosted by the transports fossil fuels consumption, on contrary to renewables.
- Investment in rail infrastructure has hampered the fossil fuels use.