The Triple Relationship between Biofuel Production, Carbon Emissions and Economic Growth in Türkiye Using Time Series Analysis: A policy proposal based on algae in biofuel production

Purpose: Study aims to determine the causality relationship between production of biofuel, carbon emissions and economic growth between 2005 and 2022 in Türkiye. Findings: The findings show that there is a unidirectional causality relationship from biofuel production to carbon emissions in Turkey. Meanwhile, GDP was not found to be associated with any variable. Limitations: Access to regular and uninterrupted data on biofuel production in Turkey covers the period between 2005 and 2022. Therefore, this period was selected as the start and end years of the research, and the frequency range of the research was limited to 18 years. Originality/Value: Minimising the negative environmental impacts of production is becoming increasingly important. Because the decline in global reserves of fossil fuels and the greenhouse gas emissions indicate that is unsustainable of dependence on these energy sources. Consequently, it is coming to the agenda biofuels which are both renewable and carbon neutral among alternative energy sources. Biofuels based on plant oil, hydrogen, bioethanol or biodiesel can provide an improvement against fossil carbon emissions compared to fossil fuels such as petrol. Furthermore, the compatibility of biofuels with existing engine technology has increased interest in these resources both in scientific circles and in industrial investment areas. Study, the biofuels which are of economic and ecological importance considered to make a unique contribution to the field as a current study examining the interaction between carbon emissions and economic growth.