Yenilenebilir Enerji Üretimini Etkileyen Faktörlerin Analizi: Türkiye Örneği
Determinants of Renewable Energy Production: The Case of Turkey

Summary/Abstract: The problem of climate change has increased the importance of clean energy and energy efficiency at the global level. Therefore, policymakers have made it a critical issue to improve renewable energy implementation and generation to combat the problem of greenhouse gas emissions, which pose a major threat to the world today. In this study, Autoregressive Distributed Lag (ARDL) Model is used to examine the factors affecting renewable energy generation in Turkey from 1990 to 2021. Fully Modified Ordinary Least Square (FMOLS), Dynamic Ordinary Least Square (DOLS) and Canonical Co-integration Regression (CCR) estimators are also used for the robustness of the study and TodaYamamoto causality method is used to see the causal relationship between the indicators. The findings of the study show that there is a positive correlation between economic growth and renewable energy production. Moreover, the increase in research and development activities and financial development are found to have a positive impact on the transition to renewable energy. Finally, the study finds that foreign direct investment inflows hinder the potential of Turkey’s renewable energy sector.

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