The development of renewable energy sources is central to the goal of gaining independence from conventional fossil fuels and achieving a sustainable energy supply. As these technologies are not yetfully developed and due to multi-dimensional selection environments cannotalwayscompete with...

The paper explores the relation between emitted CO2 in the atmosphere, asset expenditure, produced energy from renewables and energy consumption. ARDL model was developed on the basis of data for Bulgaria (2000 – 2018). As a whole the increase in asset expenditures leads to increase in emitted...