The impact of energy consumption, development of financial system and income on co2 emissions in Peru
Abstract
This study analyzes the impact of energy consumption, the development of the financial system, and per capita income on CO2 emissions through a regression model and an error correction vector for Peru. It reveals a positive relationship between energy consumption and CO2 emissions and that financial development has no impact on environmental quality. In turn, it shows no evidence in favor of the Kuznets environmental curve in the Peruvian case. In this way, although Peru has achieved high growth rates, the consumption of alternative and environmentally friendly energy sources must have greater participation in the energy matrix.
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