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Kartal MT, Shahbaz M, Taşkın D, Kılıç Depren S, Ayhan F. How are energy transition and energy-related R&D investments effective in enabling decarbonization? Evidence from Nordic Countries by novel WLMC model. JOURNAL OF ENVIRONMENTAL MANAGEMENT 2024; 365:121664. [PMID: 38968880 DOI: 10.1016/j.jenvman.2024.121664] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/21/2024] [Revised: 06/19/2024] [Accepted: 06/30/2024] [Indexed: 07/07/2024]
Abstract
Public interest in climate change-related problems has been developing with the contribution of the recent energy crisis. Accordingly, countries have been increasing their efforts to decarbonize economies. In this context, energy transition and energy-related research and development (R&D) investments can be important strategic tools to be helpful to countries in the decarbonization of economies. Among all, Nordic countries have come to the force because of their well-known position as green economies. Hence, this study examines Nordic countries to investigate the impact of energy transition, renewable energy R&D investments (RRD), energy efficiency R&D investments (EEF) on carbon dioxide (CO2) emissions by performing wavelet local multiple correlation (WLMC) model and using data from 2000/1 to 2021/12. The outcomes reveal that (i) based on bi-variate cases, energy transition and RRD have a mixed impact on CO2 emissions in all countries across all frequencies; EEF has a declining impact on CO2 emissions in Norway (Sweden) at low and medium (very high) frequencies; (ii) according to four-variate cases, all variables have a combined increasing impact on CO2 emissions; (iii) RRD is the most influential dominant factor in all countries excluding Norway, where EEF is the pioneering one. Thus, the reach proves the varying impacts of energy transition, RRD, and EEF investments on CO2 emissions. In line with the outcomes of the novel WLMC model, various policy endeavors, such as focusing on displacement between sub-types of R&D investments, are argued to ensure the decarbonization of the economies.
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Affiliation(s)
- Mustafa Tevfik Kartal
- Department of Finance and Banking, European University of Lefke, Lefke, Northern Cyprus, TR-10, Mersin, Türkiye; Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon; Department of Economics, College of Political Science and Economics, Korea University, Seoul, South Korea; Department of Economics and Management, Khazar University, Baku, Azerbaijan; Clinic of Economics, Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan; GUST Center for Sustainable Development, Gulf University for Science and Technology, Hawally, Kuwait.
| | - Muhammad Shahbaz
- Department of International Trade and Finance, Beijing Institute of Technology, Beijing, China; GUST Center for Sustainable Development, Gulf University for Science and Technology, Hawally, Kuwait; Department of Land Economy, University of Cambridge, United Kingdom
| | - Dilvin Taşkın
- Department of International Trade and Finance, Yaşar University, İzmir, Türkiye; Economic Research Center (WCERC), Western Caspian University, Baku, Azerbaijan
| | | | - Fatih Ayhan
- Department of Economics, Bandırma Onyedi Eylül University, Balıkesir, Türkiye
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2
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Sun C, Sun S, Yue X. Does the transition to low-carbon energy alleviate urban-rural energy inequality? The case of China. Heliyon 2024; 10:e31355. [PMID: 38818166 PMCID: PMC11137417 DOI: 10.1016/j.heliyon.2024.e31355] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 10/05/2023] [Revised: 03/27/2024] [Accepted: 05/15/2024] [Indexed: 06/01/2024] Open
Abstract
This paper aims to investigate whether China can reduce urban-rural energy inequality during its transition to low-carbon energy. Using data from 30 Chinese provinces between 2006 and 2019, we employ the system generalized method of moments (SYS-GMM) to investigate the correlation between low-carbon energy transition (LET) and urban-rural energy inequality. Furthermore, to investigate the mechanism, this study also considers energy service accessibility and industrial structure upgrading. The results of the study show that the degree of LET in China is increasing but with uneven spatial distribution. Moreover, LET is effective in reducing urban-rural energy inequality in China. Specifically, 1 % increase in LET corresponds to 0.045 % reduction in the urban-rural energy inequality index. Additionally, energy service accessibility and industrial structure upgrading are identified as effective channels for LET to mitigate urban-rural energy inequality. Furthermore, our study demonstrates that the alleviating impact of LET on energy inequality is more significant in regions where LET and urban-rural energy inequality levels are high. Drawing on our research results, we suggest policy recommendations to encourage the adoption of low-carbon energy sources and diminish urban-rural energy inequality.
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Affiliation(s)
- Chenzhou Sun
- School of Mathematical Sciences, Capital Normal University, Beijing, 100048, China
| | - Shurui Sun
- College of Economics and Finance, University of International Relations, Beijing, 100091, China
| | - Xiaolu Yue
- College of Life and Environmental Sciences, Minzu University of China, Beijing, 100081, China
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Wang Z, Hu L, Huang X, Tan J, Ye K. Carbon emissions of power transmission and transformation projects in the whole life cycle for smart sustainable energy systems. Sci Rep 2024; 14:3812. [PMID: 38361012 PMCID: PMC10869712 DOI: 10.1038/s41598-024-54317-0] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 11/30/2023] [Accepted: 02/11/2024] [Indexed: 02/17/2024] Open
Abstract
The study investigates the optimization of life cycle carbon emissions in smart sustainable energy systems through power transformation and transmission project power load predictions. Firstly, a multi-task learning-based short-term user load forecasting technique is developed, where the power load curves of multiple residential customers are grouped and classified using the K-means clustering method. Additionally, the Bidirectional Long Short-Term Memory (BiLSTM) technique is introduced to anticipate the power load intelligently. Secondly, a life cycle carbon emission assessment model for the power transmission and transformation project (PTTP) is constructed based on the life cycle assessment (LCA) method, which divides the project's life cycle into four stages: production, installation and construction, operation and maintenance, and demolition. Finally, an experimental evaluation of this model is conducted. The results demonstrate that compared with the baseline model Long Short-Term Memory (LSTM), this model achieves a significantly lower average Mean Absolute Error (MAE) at 3.62% while achieving significantly higher accuracy in power load forecasting at 94.34%. A comprehensive examination of carbon emissions across all four phases reveals that overall carbon emissions are highest during the operation and maintenance stage followed by the equipment production stage and installation/construction stage, with the lowest overall carbon emissions observed. Hence, this study endeavors to forecast power load demand with precision and identify the principal determinants of carbon emissions in power engineering. By discerning and managing these key factors, an optimal, energy-efficient intelligent power load scheme can be derived.
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Affiliation(s)
- Zhihui Wang
- Guangzhou Power Supply Bureau, Guangdong Power Grid, Co., Ltd., CSG, Guangzhou, 510000, People's Republic of China.
| | - Long Hu
- Guangzhou Power Supply Bureau, Guangdong Power Grid, Co., Ltd., CSG, Guangzhou, 510000, People's Republic of China
| | - Xiaojia Huang
- Guangzhou Power Supply Bureau, Guangdong Power Grid, Co., Ltd., CSG, Guangzhou, 510000, People's Republic of China
| | - Jieren Tan
- Guangdong Electric Power Design Institute Co., Ltd., Guangzhou, 510000, People's Republic of China
| | - Kaihui Ye
- Guangdong Electric Power Design Institute Co., Ltd., Guangzhou, 510000, People's Republic of China
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4
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Yang Q, Alam N, Alam MM, Khudoykulov K, Khan S, Murshed M. An empirical examination of the environmental sustainability-influencing mechanisms of renewable energy: contextual evidence from Next Eleven countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:124245-124262. [PMID: 37996581 DOI: 10.1007/s11356-023-30947-1] [Citation(s) in RCA: 1] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/09/2023] [Accepted: 11/03/2023] [Indexed: 11/25/2023]
Abstract
Recognizing the environmental development-related commitments made by the Next Eleven countries at 26th Conference of Parties (COP26), this study scrutinizes the repercussions accompanying good democratic governance, renewable energy transition, economic growth, and the ratification of the Kyoto Protocol on carbon emission figures of these emerging nations. In this regard, the period of analysis considered spans from 1990 to 2018 while the econometric analyses involve application of both parametric and non-parametric panel data estimators. Among the key findings, firstly, the outcomes from the parametric estimation methods verify that establishing better democratic governance and undergoing renewable energy transition, both independently and jointly, curb carbon emission levels, while higher economic growth and the signing of the Kyoto Protocol are responsible for boosting emissions the Next Eleven countries. Secondly, the findings derived using the non-parametric methods reveal a great deal of heterogeneity when compared with the results obtained from the parametric analysis. Notably, better democratic governance is seen to reduce carbon emissions in less and moderately polluted. Next Eleven nations, while renewable energy transition curbs emissions only in the moderately and highly polluted ones. Additionally, these variables jointly inhibit emissions only in the Next Eleven nations that are moderately polluted. Besides, better democratic governance is observed to mediate the renewable energy transition-carbon emissions nexus only for the less-polluted Next Eleven nations, while the environmental impacts of economic growth and the signing of the Kyoto Protocol vary across different emission quantiles. Accordingly, relevant policies are recommended for helping the Next Eleven countries to comply with their pledges made at the COP26.
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Affiliation(s)
- Qiming Yang
- School of Logistics, Chengdu University of Information Technology, Chengdu, Sichuan, 610103, China
| | - Naushad Alam
- Department of Finance and Economics, College of Commerce and Business Administration, Dhofar University, Salalah, Oman
| | - Mohammad Mahtab Alam
- Department of Basic Medical Sciences, College of Applied Medical Science, King Khalid University, 61421, Abha, Saudi Arabia
| | - Khurshid Khudoykulov
- Department of Finance, Tashkent State University of Economics, Tashkent, Uzbekistan
| | - Samiha Khan
- Department of Economics, North South University, Dhaka, 1229, Bangladesh.
| | - Muntasir Murshed
- Department of Economics, School of Business and Economics, North South University, Dhaka, 1229, Bangladesh
- Department of Journalism, Media and Communications, Daffodil International University, Dhaka, Bangladesh
- Bangladesh Institute of Development Studies (BIDS), E-17 Agargaon, Sher-e- Bangla Nagar, Dhaka-1207, Bangladesh
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5
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Esmaeili P, Balsalobre Lorente D, Anwar A. Revisiting the environmental Kuznetz curve and pollution haven hypothesis in N-11 economies: Fresh evidence from panel quantile regression. ENVIRONMENTAL RESEARCH 2023; 228:115844. [PMID: 37028536 DOI: 10.1016/j.envres.2023.115844] [Citation(s) in RCA: 18] [Impact Index Per Article: 18.0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/24/2023] [Revised: 03/21/2023] [Accepted: 04/03/2023] [Indexed: 05/16/2023]
Abstract
Human activities in recent decades have severely affected environmental quality, and CO2 emissions have irreparable consequences on human health and the survival of the earth. Moreover, achieving sustainable development goals requires the expansion of environmental literature to accelerate the performing of critical actions. With this in mind, this study evaluates the impact of foreign direct investment, economic complexity, and the utilization of renewable energy on CO2 emission in N-11 countries from 1995 to 2019 by Panel Quantile Regression. As a novelty, the interaction between economic complexity and foreign direct investment is considered to get a better comprehension. Given the results, Environmental Kuznetz Curve is validated in N-11 countries through economic complexity. Notably, the impact of economic complexity is more substantial and robust in the incipient stages of industrialization. Furthermore, foreign direct investment is a destructive factor for environmental quality, and Pollution Haven Hypothesis is not rejected. Interestingly, the interaction of economic complexity and foreign direct investment mitigates the trend of CO2 emissions. Eventually, the utilization of renewable energy reduces CO2 emissions. Thereby, applying more strict environmental regulations and standards, developing green energy infrastructure and technologies, improving institutional quality, and supporting knowledge-based and technology-intensive exports are the main policy recommendations of this study.
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Affiliation(s)
- Parisa Esmaeili
- Faculty of Economics, Allameh Tabataba'i University, Tehran, Iran.
| | - Daniel Balsalobre Lorente
- Department of Applied Economics I, University of Castilla-La Mancha, 16002, Cuenca, Spain; Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, 16500, Prague, Czech Republic; Department of Applied Economics, University of Alicante, Spain.
| | - Ahsan Anwar
- Department of Economics National College of Business Administration and Economics, Lahore, Pakistan; Lecturer, Business Administration Department Faculty of Management Sciences, ILMA University, Karachi, Pakistan.
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Hao CH. Does governance play any role in energy transition? Novel evidence from BRICS economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:55158-55170. [PMID: 36882654 DOI: 10.1007/s11356-023-25881-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/02/2022] [Accepted: 02/07/2023] [Indexed: 06/18/2023]
Abstract
Indubitably, energy transition, which is responsible for enhancing renewables in the energy mix, is considered one of the finest strategies for reducing non-renewable utilization and thus helping economies achieve sustainable development goals (SDGs). In this regard, technological innovation and good governance are not only helpful in stimulating green energy supply but also enhance the efficiency of resources to reach the goals. Along with it, diligent long-term policies are required to inculcate some progression in the achievement of SDGs for climate safety. Thereby, factors such as good governance, technological innovation, trade openness, and economic growth can be addressed in a single framework. To achieve the objective of the study, we employ second-generation panel estimation techniques that are robust to cross-sectional dependence and slope heterogeneity. Specifically, we apply the cross-sectional autoregressive distributed lag (CS-ARDL) model for short- and long-run parameter estimation. The main findings are that governance and technological innovation both positively and significantly influence energy transition in the long run and short run. Economic growth affects energy transition positively, but trade openness affects energy transition negatively, while CO2 emissions have no significant impact on energy transition. Robustness checks, the common correlated effect mean group (CCEMG), and the augmented mean group (AMG) all validated these findings. Based on the findings, government officials are recommended to strengthen institutions, control corruption, and improve the quality of regulations in order to enhance the contributions of institutions to the transition to renewable energy.
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Affiliation(s)
- Chin Hui Hao
- College of International Business and Trade, Xiamen Ocean Vocational College, Fujian, China.
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7
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Gangopadhyay P, Das N, Alam GM, Khan U, Haseeb M, Hossain ME. Revisiting the carbon pollution-inhibiting policies in the USA using the quantile ARDL methodology: What roles can clean energy and globalization play? RENEWABLE ENERGY 2023; 204:710-721. [DOI: 10.1016/j.renene.2023.01.048] [Citation(s) in RCA: 7] [Impact Index Per Article: 7.0] [Reference Citation Analysis] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 09/01/2023]
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8
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Khan U, Khan AM, Khan MS, Ahmed P, Haque A, Parvin RA. Are the impacts of renewable energy use on load capacity factors homogeneous for developed and developing nations? Evidence from the G7 and E7 nations. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:24629-24640. [PMID: 36346526 DOI: 10.1007/s11356-022-24002-8] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 06/19/2022] [Accepted: 10/31/2022] [Indexed: 06/16/2023]
Abstract
Both developed and underdeveloped economies worldwide are now more concerned than ever in respect of achieving environmental sustainability. Accordingly, the majority of the global economies have ratified several environment-related pacts to facilitate the tackling of global environment-related problems. Although these problems are assumed to be addressed using diverse mechanisms, limiting the use of fossil fuels has often been recognized as the ultimate enabler of environmental sustainability. Against this backdrop, this study aims to assess the environmental impacts associated with higher renewable energy use, controlling for economic growth and population size, in the context of the G7 and E7 countries using data from 1997 to 2018. Moreover, instead of using the traditional environmental quality proxies, this study tries to proxy environmental degradation with the load capacity factor levels of the countries of concern. The long-run associations among the study's variables are confirmed by outcomes generated from the cointegration analysis. Besides, regression analysis highlighted that integrating renewable energy into the energy systems while withdrawing from the use of fossil fuels can help to improve environmental quality by increasing the load capacity factor levels. In contrast, economic growth and population size expansion are evidenced to impose environmental quality-dampening impacts by reducing the load capacity factor levels. However, the findings, in the majority of the cases, are seen to differ across the groups of the G7 and E7 countries, especially in terms of the variations in the magnitudes of marginal environmental effects over the short and long run. Lastly, the causality analysis confirms the directions of the causal relationships among the variables of concern. Based on these results, a couple of policy interventions are recommended for improving environmental quality in the G7 and E7 countries.
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Affiliation(s)
- Uzma Khan
- College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia
| | - Aarif Mohammad Khan
- College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia
| | - Mohammad Shahfaraz Khan
- Department of Business Administration, University of Technology and Applied Sciences, Salalah, Oman
| | - Paiman Ahmed
- Department of Law, College of Humanity Sciences, University of Raparin, Ranya, Iraq
- International Relations and Diplomacy Department, Faculty of Administrative Sciences and Economics, Tishk International University, Erbil, Iraq
| | - Ansarul Haque
- Business Studies Department, University of Technology and Applied Sciences, Ibri, Oman.
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9
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Abro AA, Alam N, Murshed M, Mahmood H, Musah M, Rahman AKMA. Drivers of green growth in the Kingdom of Saudi Arabia: can financial development promote environmentally sustainable economic growth? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:23764-23780. [PMID: 36327073 DOI: 10.1007/s11356-022-23867-z] [Citation(s) in RCA: 6] [Impact Index Per Article: 6.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/15/2022] [Accepted: 10/22/2022] [Indexed: 06/16/2023]
Abstract
The Kingdom of Saudi Arabia has recently declared its vision of turning carbon neutral by 2060. This declaration has motivated policymakers in this Arab nation to design policies that can green economic activities in Saudi Arabia so that environmentally sustainable growth can be ensured. Against this backdrop, this study models the independent and joint effects of financial development, globalization, and energy efficiency rates on green growth of the Saudi Arabian economy. In this regard, green growth in the Kingdom of Saudi Arabia is proxied by the difference between the nation's annual per capita growth rates of gross domestic product and carbon dioxide emission. Utilizing data from 1972 to 2018 and controlling for structural break-induced problems found in the data, the findings from the regression and causality analyses confirm the green growth-inhibiting impacts of financial development and trade globalization. In contrast, greater financial globalization is evidenced to drive green growth in the Kingdom of Saudi Arabia. Furthermore, more efficient uses of energy resources are found to not only directly boost green growth but also partially neutralize the long-run green growth-dampening impacts associated with the development of the financial sector. In addition, financial development and trade globalization are observed to jointly inhibit green growth attainment both in the short and long run. In line with these important findings, it is recommended that the government of Saudi Arabia conceptualizes new green growth policies so that the nation's annual per capita economic growth rate outpaces its annual per capita growth rate of carbon dioxide emissions.
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Affiliation(s)
- Asif Ali Abro
- Department of Business Administration, Newports Institute of Communications and Economics, Karachi, Pakistan
| | - Naushad Alam
- Department of Finance and Economics, College of Commerce and Business Administration, Dhofar University, Salalah, Oman
| | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
- Department of Journalism, Media and Communications, Daffodil International University, Dhaka, Bangladesh.
| | - Haider Mahmood
- Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173, Alkharj, 11942, Saudi Arabia
| | - Mohammed Musah
- Department of Accounting, Banking, and Finance, School of Business, Ghana Communication Technology University, Accra, Ghana
| | - A K M Atiqur Rahman
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
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10
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Omri E, Saadaoui H. An empirical investigation of the relationships between nuclear energy, economic growth, trade openness, fossil fuels, and carbon emissions in France: fresh evidence using asymmetric cointegration. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:13224-13245. [PMID: 36125682 DOI: 10.1007/s11356-022-22958-1] [Citation(s) in RCA: 4] [Impact Index Per Article: 4.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 05/18/2022] [Accepted: 09/05/2022] [Indexed: 06/15/2023]
Abstract
The intention behind the current analysis is to join the debate over the main factors to consider in the global fight against climate change. Thereby, the Non-linear Autoregressive Distributed Lag (NARDL) approach is applied to assess the impacts of nuclear energy, fossil fuels, income, and trade on carbon emissions in France from 1980 to 2020. In addition, the relevance of the Environmental Kuznets Curve (EKC) presumption is tested. The main results stipulate that nuclear energy lessens CO2 emissions in France. However, fossil fuels and trade openness enhance these emissions. On the other hand, the current analysis confirms the presence of an inverted U-shaped curve relating economic growth to carbon emissions. Therefore, the EKC hypothesis is supported in our case. Indeed, by calculating the turning point, it is possible to extract the turning year corresponding to 2008. Furthermore, an asymmetric causality test is performed in order to identify the possible non-linear causal links between the potential drivers of carbon emissions. First, the causal linkage between CO2 emissions and GDP is bidirectional. Furthermore, a unidirectional causal link between CO2 emissions and non-renewable energies and a dual directional causal link between pollutant emissions and trade are identified. These empirical results are intended to guide the French government in the implementation of relevant energy and trade-related strategies in order to attain the ambitious targets of carbon emissions reduction. In fact, France should reduce imports of fossil fuels to curtail the positive effect of trade on carbon emissions. In addition, it is recommended to substitute fossil energies with renewable energies gradually by using adequate instruments and boosting research and innovation to mitigate the adverse influences of non-renewable energies on environmental quality. Finally, our findings confirm the positive role played by nuclear energy in the fight against climate change.
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Affiliation(s)
- Emna Omri
- Faculty of Economics and Management of Sfax, University of Sfax, LED, Airport Road, Km 3.5, 3018, Sfax, Tunisia.
- Côte d'Azur University, Nice, France.
| | - Haifa Saadaoui
- Faculty of Economics and Management of Sfax, University of Sfax, LED, Airport Road, Km 3.5, 3018, Sfax, Tunisia
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11
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Chao T, Yunbao X, Chengbo D, Bo L, Ullah S. Financial integration and renewable energy consumption in China: do education and digital economy development matter? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:12944-12952. [PMID: 36121627 DOI: 10.1007/s11356-022-22852-w] [Citation(s) in RCA: 28] [Impact Index Per Article: 28.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/01/2022] [Accepted: 08/30/2022] [Indexed: 06/15/2023]
Abstract
Renewable energy is considered vital to addressing the issue of climate change and energy poverty. In recent times, empirics have tried to find the determinants of renewable energy consumption. Hence, the primary focus of the analysis is to estimate the impact of financial integration, education, and ICT on renewable energy consumption in China. In order to get the estimate of the variables, the analysis has applied the quantile ARDL model. The long-run estimates of the financial integration are positively significant at most quantiles, confirming the positive impact of financial integration on renewable energy consumption. Similarly, the long-run estimates of ICT are positively significant in almost all quantiles, confirming that digitalization helps increase renewable energy consumption in China. The long-term effect of education is significant at the higher quantiles. In the short run, the estimated coefficients of financial integration are positively significant at almost all quantiles; however, the estimated coefficients of ICT are positively significant in half quantiles. The short-run results of education are insignificant at most quantiles. In line with these results, several appropriate financial integration, digitalization, and education policies are recommended.
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Affiliation(s)
- Tan Chao
- College of Management, Hunan Institute of Engineering, Hunan, China
| | - Xu Yunbao
- College of Management, Hunan Institute of Engineering, Hunan, China
| | - Dai Chengbo
- School of Marxism, China University of Geosciences, Hunan, China
| | - Li Bo
- College of Management, Hunan Institute of Engineering, Hunan, China
| | - Sana Ullah
- School of Economics, Quaid-I-Azam University, Islamabad, Pakistan.
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12
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Ayad H, Sari-Hassoun SE, Usman M, Ahmad P. The impact of economic uncertainty, economic growth and energy consumption on environmental degradation in MENA countries: Fresh insights from multiple thresholds NARDL approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:1806-1824. [PMID: 35921013 PMCID: PMC9362482 DOI: 10.1007/s11356-022-22256-w] [Citation(s) in RCA: 25] [Impact Index Per Article: 25.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/08/2022] [Accepted: 07/22/2022] [Indexed: 05/04/2023]
Abstract
This paper explores the influence of economic policy uncertainty on environmental quality in selected MENA countries depending on an augmented STIRPAT model over the period 1970-2020. ARDL model and its extensions like augmented ARDL, augmented NARDL, and MTNARDL models are applied to detect any possible effect from uncertainty index to carbon dioxide (CO2) emissions. The empirical results reveal the validity of environmental Kuznet curve (EKC) curve in all the countries. Moreover, the results show that the uncertainty index enhances environmental degradation, especially in extremely large changes in Morocco, Turkey, and Iran. Besides, the findings reveal that energy consumption and population in the entire sample escalates CO2 emissions over the study period. Consequently, policymakers in MENA countries should consider the economic uncertainty index, particularly in light of its recent rise, when developing any strategies and plans aimed at improving environmental standards, as well as the need to encourage the use of renewable energies in order to increase the percentage of their contribution to total energy consumption.
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Affiliation(s)
- Hicham Ayad
- University Center of Maghnia, Maghnia, Algeria
| | | | - Muhammad Usman
- Institute for Region and Urban-Rural Development, and Center for Industrial Development and Regional Competitiveness, Wuhan University, Wuhan, 430072 China
- Department of Law, College of Humanity Sciences, University of Raparin, Ranya, Iraq
| | - Paiman Ahmad
- Department of Law, College of Humanity Sciences, University of Raparin, Ranya, Iraq
- International Relations and Diplomacy Department, Faculty of Administrative Sciences and Economics, Tishk International, University, Erbil, Iraq
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13
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Manigandan P, Alam MS, Alagirisamy K, Pachiyappan D, Murshed M, Mahmood H. Realizing the Sustainable Development Goals through technological innovation: juxtaposing the economic and environmental effects of financial development and energy use. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2023; 30:8239-8256. [PMID: 36050553 DOI: 10.1007/s11356-022-22692-8] [Citation(s) in RCA: 5] [Impact Index Per Article: 5.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 02/07/2022] [Accepted: 08/19/2022] [Indexed: 06/15/2023]
Abstract
The BRICS comprise of group of emerging market economies which are committed to achieving the Sustainable Development Goals agenda of the United Nations by the end of the year 2030. In this regard, it is critically important for these nations to sustain their annual rise in their economic growth rates while simultaneously declining the rate of discharge of carbon dioxide emissions. Against this backdrop, this study aims to investigate how financial development, greater primary energy consumption, and technological innovation affect the prospects of the BRICS nations in achieving economic and environmental sustainability. Considering the period from 1990 to 2020 and utilizing methods that are robust to working with cross-sectionally dependent, heterogeneous, and endogenous panel data, the key analytical findings derived in this study reveal that higher levels of financial development, primary energy consumption, and technological innovation boost the per capita economic growth rates of the BRICS nations. Besides, technological innovation also moderates the financial development-economic growth and the primary energy consumption-economic growth nexuses by jointly boosting economic growth rates with these two macroeconomic variables. On the other hand, financial development and higher primary energy consumption are seen to boost the annual per capita carbon dioxide emission growth in these emerging nations, while technological innovation is observed to do the opposite. Furthermore, technological innovation is witnessed to moderate the nexus between energy use and economic growth to further reduce the emission growth rate in the BRICS nations. Accordingly, a set of policies are recommended to the concerned governments in order to enable the BRICS nations to attain the Sustainable Development Goals agenda.
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Affiliation(s)
| | - Md Shabbir Alam
- Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, 32038, Bahrain
| | | | | | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
- Department of Journalism, Media and Communications, Daffodil International University, Dhaka, Bangladesh.
| | - Haider Mahmood
- Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173, Alkharj, 11942, Saudi Arabia
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14
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Omri A, Saidi K. Factors influencing CO 2 emissions in the MENA countries: the roles of renewable and non-renewable energy. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:55890-55901. [PMID: 35322365 DOI: 10.1007/s11356-022-19727-5] [Citation(s) in RCA: 17] [Impact Index Per Article: 8.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 11/04/2021] [Accepted: 03/11/2022] [Indexed: 06/14/2023]
Abstract
This article seeks to examine the impacts of renewable and non-renewable energy on carbon dioxide emissions for 14 Middle East and North Africa economies using fully modified least-squares and vector error correction model techniques. Different sectoral outputs (agricultural, industry, and services) are considered in the analysis to find the influence of each sector on carbon emissions and to validate the environmental Kuznets curve model at both aggregate and disaggregate levels. The fully modified least-squares estimates show that renewable energy enhances environmental quality, whereas non-renewable energy deteriorates it. We also find that the industry sector has the highest contribution to environmental degradation. The results of the vector error correction model technique show a two-way linkage between CO2 emissions and renewable energy and between CO2 emissions and non-renewable energy in both short and long runs. At the sectoral level, we also find a two-way linkage between agricultural value added and CO2 emissions, a unidirectional relationship running from emissions to industry value added, and a unidirectional linkage running from services value added to CO2 emissions in both short and long runs. Therefore, governments must focus their actions on environmental policies of a green and inclusive economy that combine tools of environmental economics with those of the ecological economy. This can be considered a call for policymakers to take relevant and quick policies and actions towards low-carbon energy to reach these dual objectives.
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Affiliation(s)
- Anis Omri
- Department of Business Administration, College of Business and Economics, Qassim University, P.O. Box: 6640, Buraidah, 51452, Qassim, Saudi Arabia.
- Department of Economics, Faculty of Economics and Management of Nabeul, University of Carthage, Carthage, Tunisia.
| | - Kais Saidi
- Faculty of Economics and Management of Sfax, University of Sfax, Tunis, Tunisia
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15
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Kar AK. Environmental Kuznets curve for CO2 emissions in Baltic countries: an empirical investigation. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:47189-47208. [PMID: 35179690 PMCID: PMC9232432 DOI: 10.1007/s11356-022-19103-3] [Citation(s) in RCA: 5] [Impact Index Per Article: 2.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Grants] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/28/2021] [Accepted: 02/03/2022] [Indexed: 06/09/2023]
Abstract
Recognizing the factors responsible for the gradual increase in greenhouse gas [e.g. carbon dioxide (CO2)] emissions is crucial to reduce the detrimental consequences on environmental sustainability and human life. Accordingly, spotting the sectors which contribute the most to CO2 emissions and dampen economic growth have become one of the major concerns for policymakers around the globe. Against this background, this paper examines the nexus between economic growth and CO2 emissions in three Baltic countries namely Estonia, Latvia and Lithuania. Thus, the study basically checks the validity of the environmental Kuznets curve (EKC) hypothesis by taking into account the role of energy consumption and financial development over the period of 1990-2018. This type of study is highly important for the region in order to comply with the commitments of the Paris Agreement and Sustainable Development Goals of the United Nations. The study first employs appropriate testing procedures and second-generation panel data methods to account for cross-sectional dependency and slope heterogeneity among countries. Applying unit roots and cointegration tests, the study then employed different mean group estimation models and heterogeneous panel causality methods suitable for cross-sectionally dependent and heterogeneous panels. The results of the econometric analyses reveal that the inverted U-shaped EKC hypothesis does not hold in the Baltic countries. But the pollution haven hypothesis is evidenced to hold for these nations. By boosting the CO2 emissions figures, again, the study also revealed that higher levels of energy consumption exhibit adverse environmental consequences. Financial development is found to be effective in explaining the variations in the CO2 emission figures of the selected countries as well. Causality test results confirm bi-directional causality between economic growth and CO2 emissions, energy use and CO2 emissions, CO2 emissions and financial development, energy use and economic growth as well as between energy use and financial development. Furthermore, country-specific impacts are found to be similar to the corresponding panel estimates. Consistent with the findings, the study finally puts forward some policy-level suggestions. Accordingly, it is recommended that the Baltic countries need to move away from fossil-fuel dependent energy consumption growth policies to mitigate environmental degradation.
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Affiliation(s)
- Ashim Kumar Kar
- Faculty of Social Sciences, University of Helsinki, Helsinki, Finland.
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16
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Rej S, Bandyopadhyay A, Mahmood H, Murshed M, Mahmud S. The role of liquefied petroleum gas in decarbonizing India: fresh evidence from wavelet-partial wavelet coherence approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:35862-35883. [PMID: 35060031 DOI: 10.1007/s11356-021-17471-w] [Citation(s) in RCA: 15] [Impact Index Per Article: 7.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/29/2021] [Accepted: 11/07/2021] [Indexed: 05/06/2023]
Abstract
India is predominantly a fossil fuel-intensive South Asian country that has traditionally settled for higher economic gains at the expense of lower environmental quality. However, in the contemporary era, it has become essential for India to come up with viable solutions that can enable the nation to transform its economy into a low-carbon one. Although replacing fossil fuel use with renewable energy sources is assumed to be the ideal pathway to decarbonizing the Indian economy, achieving this clean energy transition involves a long-term process. Thus, the Indian government should rather consider adoption of interim solutions to the environmental pollution problems faced by the nation. Against this backdrop, this study looks at whether enhancing the consumption level of liquefied petroleum gas, a relatively cleaner fossil fuel, can help India reduce its carbon dioxide emissions figures and attain environmentally sustainable economic growth. The econometric analysis is designed as per the theoretical framework of the environmental Kuznets curve hypothesis whereby the effects of economic growth on carbon dioxide emissions are examined controlling for liquefied petroleum gas consumption in the context of India between 1990 and 2018. Based on the findings from the autoregressive distributed lag model bounds test analysis, it is witnessed that there are long-run cointegrating relationships among per capita levels of carbon dioxide emissions, real gross domestic product, and liquefied petroleum gas consumption of India. Besides, the environmental Kuznets curve hypothesis is found to be valid only in the short run; however, it does not sustain in the long run since the economic growth-carbon dioxide emissions nexus is observed to follow a U-shaped relationship in the long run. Moreover, higher liquefied petroleum gas consumption is found to boost carbon dioxide emissions in the short run while reducing it in the long run. Furthermore, the findings from the wavelet and partial wavelet coherence and causality analyses also advocate in favor of promoting the use of liquefied petroleum gas in India in order to significantly curb the energy use-related carbon dioxide emission figures of the nation. Hence, considering these important findings, this study recommends that the Indian government should design policies for augmenting liquefied petroleum gas into the national energy mix and also adopt relevant green economic growth strategies in order to facilitate environmentally-sustainable growth of its economy.
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Affiliation(s)
- Soumen Rej
- Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, Kharagpur, West Bengal, India
| | - Arunava Bandyopadhyay
- Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, Kharagpur, West Bengal, India
| | - Haider Mahmood
- Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173, 11942, AlKharj, Saudi Arabia
| | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
| | - Sakib Mahmud
- Department of Economics, Shahjalal University of Science and Technology, Sylhet, Sadar-3114, Bangladesh
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17
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Musah M, Mensah IA, Alfred M, Mahmood H, Murshed M, Omari-Sasu AY, Boateng F, Nyeadi JD, Coffie CPK. Reinvestigating the pollution haven hypothesis: the nexus between foreign direct investments and environmental quality in G-20 countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:31330-31347. [PMID: 35001288 DOI: 10.1007/s11356-021-17508-0] [Citation(s) in RCA: 28] [Impact Index Per Article: 14.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 10/11/2021] [Accepted: 11/09/2021] [Indexed: 05/06/2023]
Abstract
One of the most commonly debated concerns regarding foreign direct investment inflows is the associated environmental adversities that accompany the influx of foreign funds. As a result, assessing the environmental impacts of foreign direct investment inflows is necessary for achieving environmentally friendly economic growth in the contemporary era. Accordingly, the global economies including the members of the Group of Twenty (G-20) should focus on attracting clean foreign direct investments. Against this backdrop, controlling for energy consumption and urbanization, this extant study scrutinizes the effects of foreign direct investment inflows on the carbon dioxide emission figures of selected G-20 countries between 1992 and 2018. The econometric analysis conducted in this paper involves recently developed methods that are efficient in handling cross-sectionally dependent heterogeneous panel data sets. Besides, the analysis is also conducted for sub-panels of high-, upper-middle-, and lower-middle-income G-20 countries to evaluate the possible heterogeneous environmental effects across the G-20 countries belonging to different income levels. Overall, the results highlight that higher foreign direct investment inflows surge carbon dioxide emissions whereby the pollution haven hypothesis is evidenced to hold for the G-20 nations of concern. Similarly, both at the aggregated and disaggregated levels, greater consumption of energy is witnessed to boost carbon dioxide emissions in the long run. Moreover, urbanization is found to trigger carbon dioxide emissions for the G-20 nations overall and the lower-middle-income G-20 nations. Further, the causality analysis reveals that carbon dioxide emissions have bidirectional causal relationships with foreign direct investment inflows, energy consumption, and urbanization. In line with these major findings, this study recommends that the governments of the G-20 countries inhibit inflows of dirty foreign direct investments, reduce fossil fuel dependency, and adopt green urbanization policies for achieving higher economic growth without marginalizing environmental well-being.
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Affiliation(s)
- Mohammed Musah
- Department of Accounting, Banking and Finance, Faculty of IT Business, Ghana Communication Technology University, Accra, Ghana
| | - Isaac Adjei Mensah
- Institute of Applied Systems Analysis (IASA), School of Mathematics, Jiangsu University, Zhenjiang, People's Republic of China
- Department of Statistics and Actuarial Science, Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, Ghana
| | - Morrison Alfred
- Department of Accounting Studies Education, Akenten Appiah-Menka University of Skills Training and Entrepreneurial Development, Kumasi, Ghana
| | - Haider Mahmood
- Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173, Alkharj, 11942, Saudi Arabia
| | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
| | - Akoto Yaw Omari-Sasu
- Department of Statistics and Actuarial Science, Kwame Nkrumah University of Science and Technology (KNUST), Kumasi, Ghana
| | - Frank Boateng
- Faculty of Integrated Management Science, Department of Management Studies, University of Mines & Technology, Tarkwa, Ghana
| | - Joseph Dery Nyeadi
- Department of Banking and Finance, S.D. Dombo University of Business and Integrated Development Studies, Tarkwa, Wa, Ghana
| | - Cephas Paa Kwesi Coffie
- School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, 611731, People's Republic of China
- All Nations University Business School, All Nations University College, 1908, Koforidua, KF, Ghana
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18
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Hamid I, Alam MS, Murshed M, Jena PK, Sha N, Alam MN. The roles of foreign direct investments, economic growth, and capital investments in decarbonizing the economy of Oman. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:22122-22138. [PMID: 34782975 DOI: 10.1007/s11356-021-17246-3] [Citation(s) in RCA: 7] [Impact Index Per Article: 3.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 07/27/2021] [Accepted: 10/24/2021] [Indexed: 06/13/2023]
Abstract
Oman is a Middle Eastern country that has traditionally been monotonically reliant on its indigenous fossil fuel supplies. Besides, the nation has also been a surplus producer and net exporter of oil which further highlights the prolonged fossil fuel dependency of Oman. Consequently, despite flourishing economically, environmental quality in Oman has persistently aggravated. These opposing economic and environmental performances have necessitated Oman to identify the factors which can enable Oman to decarbonize its economy for tackling the environmental concerns faced by the nation. Against this backdrop, this study aims to examine the symmetric and asymmetric effects of foreign direct investments, economic growth, and capital investments on carbon dioxide emissions in Oman during 1980-2019. Using relevant econometric estimation methods for controlling structural break concerns in the data, the findings reveal evidence of asymmetric environmental impacts associated with shocks to the nation's foreign direct investment inflow, economic growth, and capital investment figures. Specifically, it is witnessed that positive shocks to the levels of foreign direct investment inflows, economic growth, and capital investments boost carbon dioxide emissions both in the short and long run. On the other hand, negative shocks to the levels of foreign direct investment inflows and economic growth are witnessed to reduce the emissions. Besides, the findings also validate the environmental Kuznets curve and pollution haven hypotheses in the context of Oman. Hence, considering these key findings, it is recommended that Oman should ideally pursues green economic growth policies by restricting inflows of unclean foreign direct investments and green its financial sector in order to collectively minimize its carbon dioxide emission figures.
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Affiliation(s)
- Ishfaq Hamid
- School of Economics, Shri Mata Vaishno Devi University, Katra, Jammu and Kashmir, India
| | - Md Shabbir Alam
- Department of Economics & Finance, College of Business Administration, University of Bahrain, P.O. Box-32038, Sakhir, Bahrain.
| | - Muntasir Murshed
- School of Business and Economics, North South University, Dhaka, 1229, Bangladesh.
| | - Pabitra Kumar Jena
- School of Economics, Shri Mata Vaishno Devi University, Katra, Jammu and Kashmir, India
| | - Nadia Sha
- Department of Finance and Economics, College of Commerce and Business Administration, Dhofar University, Salalah, Oman
| | - Mohammad Noor Alam
- Department of Accounting, College of Business Administration, University of Bahrain, P.O. Box-32038, Sakhir, Bahrain
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19
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FDI, Green Innovation and Environmental Quality Nexus: New Insights from BRICS Economies. SUSTAINABILITY 2022. [DOI: 10.3390/su14042181] [Citation(s) in RCA: 19] [Impact Index Per Article: 9.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/10/2022]
Abstract
One major concern about foreign direct investment (FDI) is the potential negative environmental impact due to increased CO2 emissions. However, there is a possibility that FDI mitigates CO2 emissions through green innovation and creates a cleaner environment. In the existing literature, there is no significant empirical evidence on the linkage among FDI, green innovation and CO2 emissions in the context of BRICS countries. Hence, this study aims to analyze the impact of FDI and green innovation on the environmental quality of BRICS economies for 1990–2014. The study employed Augmented Mean Group (AMG) estimators for empirical data analysis. The study’s findings depict that foreign direct investment, energy use, and economic growth have a significant and positive impact on the CO2 emissions of BRICS economies. Moreover, green innovation has a significant inverse impact on CO2 emissions. The results show bidirectional causalities between CO2 emissions and green innovation, trade openness and CO2 emissions, energy use and CO2 emissions, and urbanization and CO2 emissions. Additionally, the findings reveal a one-way causality from CO2 emissions to GDP and CO2 emissions to urbanization. This study offers essential policy recommendations for the environmental sustainability of BRICS countries through green innovation.
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