The effect of GDP, renewable energy and total energy supply on carbon emissions in the EU-27: new evidence from panel GMM

Decarbonizing energy: Evaluating fossil fuel displacement by renewables in OECD countries

Energy transition to greener systems has been a focal point in climate policy agendas across countries as the negative environmental impacts of fossil fuel technologies have become more evident Displacing fossil fuels with clean energy alternatives in this regard is essential for meeting global climate objectives. In this context, the study analyzes the role of disaggregated renewable energy sources on fossil fuel displacement in 36 Organisation for Economic Cooperation and Development (OECD) countries in the period 2000-2020. The findings demonstrate a discernible trend in the displacement of fossil fuels by various forms of renewable energy sources. It is found that to effectively displace 1% of fossil fuels, it is necessary to achieve an average increase of 1.15% in renewable generation capacity. In addition, a one-to-one displacement of fossil fuels occurs with hydropower, demonstrating its higher level of competitiveness and effectiveness in displacing fossil fuels. Moreover, there is a partial displacement of fossil fuels by solar and wind power. These findings suggest that renewable energy sources are progressively advancing towards effectively displacing fossil fuels.

Ecological footprint in the OECD countries: do energy efficiency and renewable energy matter?

Ecological footprint (EFP) measures the amount of area, that is land or sea, which is required to absorb the waste generated through human activities or to support the production of resources consumed by populations. EFP index therefore includes six dimensions that are cropland, forestland, carbon, fishing grounds, grazing land, and built-up area. Human activities have impacted the environment, leading to global warming, widespread droughts, and diseases. The present study aims to investigate the role of renewable energy (RE) and energy efficiency on the EFP index. Past researchers have widely used carbon emission (CE) to represent environmental impact, and recent studies have shown that EFP index is a better proxy of environmental degradation. Therefore, the present research differs from past studies in that it compares on how the determinants of environmental degradation affects EFP index and CE. Panel dataset of the OECD countries from 1990 to 2020 is employed. The CS-ARDL, DCCEMG, and AMG techniques, which overcome dynamics, heterogeneity, and cross-sectional dependence, are employed. The main findings depict that RE significantly reduces EFP and CE, while economic growth significantly exacerbates them. Energy efficiency reduces CE, but does not significantly affect EFP. Non-renewable energy and research & development significantly increase CE, while an insignificant positive effect is observed with EFP. This paper shows that factors that significantly influence CE may not always significantly affect the EFP index. Thus, to reduce environmental degradation it is fundamental to understand on how each dimension of EFP is influenced.

Does higher energy efficiency growth homogeneously affect carbon emission growth rate across developing Sub-Saharan African nations? The importance of utilizing clean energy

Establishing a sustainable environment and acquiring a carbon-neutral status require Sub-Saharan African nations to reduce their year-on-year growth rates of carbon emission levels. Thus, this study considers a sample of 38 countries from this region and selects the time period from 2000 to 2020 for analyzing the annual carbon emission growth rate influencing impacts of energy efficiency, clean energy, institutional quality, international trade, and net receipts of foreign direct investment. Overall, for the full sample of Sub-Saharan African nations, the results verify that the enhancing the growth rate of energy efficiency improvement reduces both total and per capita annual carbon emission growth rates. Besides, the results endorse that enhancing renewable energy shares of the final energy consumption profiles and promoting good governance-led betterment of institutional quality also plunge emission growth rates in the long run. More importantly, energy efficiency improvement, renewable energy consumption, and better quality institutions are observed to jointly exert carbon emission growth rate-impeding effects, as well. By contrast, more openness to international trade is not seen to influence the carbon emission growth rates of the Sub-Saharan African nations of concern. Lastly, a greater share of net foreign direct investment receipts in the national output level is evidenced to boost annual carbon emission growth rates across this region; consequently, the pollution haven hypothesis is verified. Furthermore, these above-mentioned findings are found to be heterogeneous across groups of low-income and middle-income Sub-Saharan African nations. Accordingly, in line with the findings, a couple of policies are recommended to the governments of the Sub-Saharan African countries in order to guide them in designing effective environmental sustainability policies that are relevant for tackling climate change-related atrocities in the future.

The effect of forest resources, energy efficiency, and renewable energy on environmental degradation-a comparative analysis of the less- and high-emitter sub-Saharan African countries

Environmental degradation is one of the main causes of concern in the world. There is a dilemma on policies that are devised to improve the quality of the environment with those meant to promote economic growth, since factors that foster economic growth degrade the environment. The present research seeks to examine the influence of energy efficiency, forest resources, and renewable energy among the less-emitter and high-emitter sub-Saharan African nations, for the period 1990 to 2020. The present research is significant in providing a comparative analysis of less- and high-emitter sub-Saharan African nations on this subject, hence the main novelty of the research. The panel Autoregressive distributive lag and cross-sectionally augmented autoregressive distributive methods are used for data analysis, and their results are compared and contrasted. The research presents in its findings that renewable energy, forest resources, and energy efficiency improve the environment, while economic growth distorts the environment in both regions. No asymmetries exist between the less- and high-emitter sub-Saharan African nations, on the impact of energy efficiency, economic growth, forest resources, and renewable energy to the environment. Non-renewable energy, in the high-emitter sub-Saharan African nations, degrades the environment. The policy recommendations are also given in line with the research findings.

The role forest resources, energy efficiency, and renewable energy in promoting environmental quality

At a time when environmental concerns are rising in the world, natural resources, such as trees and other green plants, remain the most crucial factors responsible for reducing environmental degradation. Green plants inhale carbon dioxide and prevent the soil from wash and wear, hence their significant role in enhancing environmental quality. Therefore, it is essential to come up with state-of-the-art researches on the role of green plants to the environment. The present research is aimed at adding to the growing body of literature by investigating the effect of forest resources, together with renewable energy and energy efficiency in enhancing environmental quality. In this research, we use the data of the seven emerging countries, seven developed nations and 15 developing west African nations, from 1990 to 2019. The current research adds to the growing body of literature in that it presents a comparative analysis of the three important economic blocks, as well as employing three major methodologies of data analysis, the CS-ARDL, AMG, and CCEMG techniques, which are strong over cross-sectional dependence, heterogeneity, and dynamics. Major research outcomes show that renewable energy and energy efficiency negatively affects carbon emissions, while gross domestic product positively affects carbon emissions in all three regions. Population size and forest resources reduces carbon emissions in the emerging countries and seven developed countries, respectively. Non-renewable energy promotes carbon emissions in the seven developed countries, while in the emerging countries it reduces emissions. This research recommends the efficient utilization of energy, use of renewable energy, and forest preservation to promote carbon neutrality goal.

The impact of energy efficiency in reducing environmental degradation: does renewable energy and forest resources matter?

The vast utilisation of energy sources in promoting economic growth has been identified as the major cause of environmental degradation (through carbon emission). Therefore, the efficient utilisation of energy ensuring the minimisation of any wastages is vital in reducing environmental degradation. The current research aims to investigate the importance of energy efficiency, forest resources, and renewable energy in reducing environmental degradation. The major novelty of the research is that it seeks to investigate the impact of forest resources and energy efficiency on carbon emissions. Literature shows that there is still a dearth on the association of forest resources and energy efficiency, with carbon emissions. We employ data of the European Union countries for the time frame ranging from 1990 to 2020. The CS-ARDL technique depicts that raising GDP by 1% raises carbon emissions by 5.62% in the short run and 2.93% in the long run, raising renewable energy by 1 unit reduces carbon emissions by 0.098 and 0.03 units in the short and long run, respectively, whilst raising energy efficiency by 1% reduces carbon emissions by 6.29% and 3.29% in the short and long run, respectively. The Fixed Effect and Random Effect tools support the outcomes of the CS-ARDL tool on the negative effect of renewable energy and energy efficiency, and the positive effect of GDP on carbon emissions, and also depict that raising non-renewable energy by a single unit raises carbon emissions by 0.07 and 0.08 units, respectively. Forest resources, in this present research, do not significantly impact the emissions of carbon amongst the European nations.