A CIRCULAR ECONOMY POLICIES IN ITALY AND POLAND
CIRCULAR ECONOMY POLICIES IN ITALY AND POLAND
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DOI:
https://doi.org/10.5281/zenodo.12565546Keywords:
Energy, Sustainable Development, RenewableAbstract
ABSTRACT
CIRCULAR ECONOMY POLICIES IN ITALY AND POLAND
Hamza KORKMAZ
Political Economics 2024, 44 pages
The world economy rises in the energy sector; with its strategic leadership in economic growth. While global development and population increase continues, the demand and need for energy scale up. This is the end of the “below average growth” era. With the impact of developing technology, renewable energy cost goes down and the transformation process is sped up by government incentives for environmentalist energy production. But; it seems that for long years, still, fossil fuels system will continue. Developments in fossil fuel-possessing countries, especially oil, have a direct impact on energy prices. As a result; the global trend for energy demand is towards clean (green) energy sources. The fight against CO2 release and climate change will become more important. Although in the predictable future, the supremacy of fossil fuels will continue; government policies and incentives will be shaped in support of works to minimize their negative impacts on nature. Demand for energy and natural resources has been increasing due to economic and population growth. Over recent years, the country has experienced the fastest surge in energy demand among OECD countries, and according to the International Energy Agency (IEA) forecasts is set to double its energy use over the next decade. will provide value to literature by increasing the importance of renewable energy sources for nature, humans, and the world. The study aims to reveal whether there is a bidirectional interaction between the renewable energy production of countries in Italy and Poland and their gross domestic product. In this study, the relationship between renewable energy production and gross domestic product was investigated bidirectionally.
Keywords: Energy, Sustainable Development, Renewable Energy, Natural Resource Economics
Jel Codes: F53 International Agreements and Observance . International Organizations, G18 Government Policy and Regulation, O1 Economic Development, Q2 Natural Resources including Energy, Natural Resources Renewable, Z13 Economic Sociology . Economic and Social Stratification,
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