An article co-authored by Professor Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication (CAERC) and Doctor of Economic Sciences, has been published in a prestigious international journal - "Cambridge Prisms: Energy Transitions," published by Cambridge University Press.

The article, titled "A Multi-Model Analysis of the Short-Run and Long-Run Effects of Environmental Taxes and Renewable Energy on Decarbonization," utilizes complex models to evaluate the role of fiscal instruments and energy transition in combating climate change and reducing carbon emissions. The research provides a comparative analysis of the effects of both tax policy and renewable energy investments on economic growth and emission dynamics.

The study investigates the effectiveness of economic instruments in reducing carbon dioxide emissions across OECD countries. Applying a multi-model econometric approach based on balanced panel data covering the years 2000-2022, the research accounts for cross-country differences, interdependencies, and dynamic effects.

The results indicate that renewable energy consumption significantly and consistently reduces emissions across all models, with the impact being particularly stronger in the long run. In contrast, the impact of environmental tax revenues was found to be weak and inconsistent. The study emphasizes the expansion of renewable energy sources as a primary priority in emission reduction policies.

The other co-authors of the article are Gunay Guliyeva, PhD in Economics, and Rashad Baghirov, a doctoral student at the Azerbaijan Tourism and Management University.

"Cambridge Prisms: Energy Transitions" is considered one of the leading scientific platforms in the fields of energy transition, climate policy, and sustainable development. The publication of the article in Open Access mode ensures its accessibility to the international scientific community.

The full article is available via the following link: https://shorturl.az/ArHRk