كليدواژه لاتين
Renewable energy, , Non-renewable energy, , Steel industry production, , CO2 emissions in the steel industry, , Panel ARDL, , G7 countries
چكيده لاتين
Today, the steel industry holds significant importance in both developed and developing countries, as it is considered a foundational industry and a robust infrastructure for other sectors. The products derived from this industry are regarded as essential goods for industrialization and the advancement of developing and developed nations. One critical aspect of this industry is energy consumption, which is a fundamental input for steel production and has garnered special attention from experts and professionals in energy economics and energy engineering.
Energy consumption in the steel industry and the utilization of diverse energy resources play a pivotal role in enhancing production efficiency, diversifying steel products, and reducing production costs. Precise evaluation of the share of various energy types, particularly renewable energy, and its development can increase the profitability of steel manufacturing enterprises, boost industrial production, and ultimately contribute to the growth of GDP. Moreover, the use of renewable energy significantly aids in reducing environmental pollution and its associated costs.
This thesis aims to analyze and examine the changes in steel industry production and CO2 emissions in G7 countries and Iran during the period from 2011 to 2022. For this purpose, steel production in these countries is compared based on the utilization of renewable and non-renewable energy resources, along with the environmental effects of energy consumption. The main objective of this study is to evaluate the impact of renewable energy consumption on steel industry production and CO2 emissions in these countries. To achieve this goal, the Panel ARDL (Autoregressive Distributed Lag in Panel Data) econometric method was employed, and the data were analyzed using STATA software version 17.
The results of this research indicate that renewable and non-renewable energy consumption have varying effects on steel production and CO2 emissions in the G7 countries and Iran. In the first model, it was shown that renewable energy consumption has a positive but insignificant effect on steel production in the short term, whereas, in the long term, with a coefficient of 0.085, it becomes a significant and positive factor, highlighting its gradual role in enhancing sustainable production. On the other hand, non-renewable energy consumption demonstrated a strong and significant impact on steel production in both time horizons, reflecting the structural reliance of this industry on fossil fuels.
In the second model, renewable energy consumption in the short term, with a coefficient of 0.116, had a positive and significant effect on CO2 emissions. However, in the long term, this effect decreased to a coefficient of 0.098, indicating the inadequacy of current infrastructure and the need for improved clean technologies. Non-renewable energy consumption, with a coefficient of 0.87 in the short term and 0.886 in the long term, was identified as the primary driver of increased CO2 emissions.