The Co-Evolution of Energy Intensity and Carbon Emissions in Morocco
Résumé
This paper deals with the causal relationship analysis between Gross Domestic Product (GDP), Energy Intensity (EI) and CO2 emissions in Morocco from 1975 to 2017, by means of Johansen cointegration tests and Granger causality tests based on a multivariate Vector Error Correction Modeling. Results indicate that there is a set of bi-directional causalities among the selected time series. The results of the study have significant policy implications for countries like Morocco and indicate that more daring and efficient energy policies have a determinant role to play in order to sustain continued reduction in energy intensity, as incomes rise to achieve a decoupling of energy consumption and economic growth.