1
|
Akinsola FA, Ologundudu MM, Akinsola MO, Odhiambo NM. Industrial development, urbanization and pollution nexus in Africa. Heliyon 2022; 8:e11299. [DOI: 10.1016/j.heliyon.2022.e11299] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Received: 07/09/2022] [Revised: 08/14/2022] [Accepted: 10/24/2022] [Indexed: 11/06/2022] Open
|
2
|
Hou J, Hou Y, Wang Q, Yue N. Can industrial agglomeration improve energy efficiency? Empirical evidence based on China's energy-intensive industries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:80297-80311. [PMID: 35715675 DOI: 10.1007/s11356-022-21429-x] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 12/09/2021] [Accepted: 06/08/2022] [Indexed: 06/15/2023]
Abstract
With economic growth, China's energy consumption and industrial agglomeration have increased significantly. This paper uses China's provincial-level energy-intensive industries from 2004 to 2017 as the research object and employs a multi-dimensional panel fixed effect model to investigate the impact of industrial agglomeration on energy efficiency and its mechanism. Results show the following: (1) In general, industrial agglomeration and energy efficiency have a significant "inverted U-shaped" relationship, with an inflection point of 3.309. As the degree of agglomeration increases, energy efficiency first increases and then decreases, but the degree of agglomeration does not cross the inflection point. (2) The impact of industrial agglomeration on energy efficiency has regional heterogeneity. In the eastern and central regions, there is no significant non-linear relationship between industrial agglomeration and energy efficiency but a monotonous positive correlation. In the western region, industrial agglomeration has a significant "inverted U-shaped" impact on energy efficiency, with an inflection point of 3.495, but the agglomeration degree is still on the left of the inflection point, suggesting that a moderate increase in agglomeration is conducive to the improvement of energy efficiency. (3) Industrial agglomeration improves energy efficiency by increasing human capital and promoting fixed asset investment. Therefore, this paper argues that the agglomeration of energy-intensive industries in various regions should be increased to improve energy efficiency. However, it is necessary to raise the industrial threshold in the western region to prevent industrial agglomeration from crossing the inflection point.
Collapse
Affiliation(s)
- Junjun Hou
- School of Economics and Trade, Hunan University, Changsha, 410006, People's Republic of China
| | - Ya Hou
- School of Economics and Trade, Hunan University, Changsha, 410006, People's Republic of China
| | - Qian Wang
- Business School, Xiangtan University, Xiangtan, 411105, People's Republic of China.
| | - Nuoya Yue
- School of Economics and Trade, Hunan University, Changsha, 410006, People's Republic of China
| |
Collapse
|
3
|
Luo Y, Guo C, Ali A, Zhang J. A dynamic analysis of the impact of FDI, on economic growth and carbon emission, evidence from China, India and Singapore. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:82256-82270. [PMID: 35750903 DOI: 10.1007/s11356-022-21546-7] [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: 04/12/2022] [Accepted: 06/13/2022] [Indexed: 06/15/2023]
Abstract
This study dynamically examines the impact of foreign direct investment and other explanatory variables on economic growth and carbon emissions, and tests the validity of pollution haven hypothesis (PHH) and environmental Kuznets curve (EKC) hypothesis in China, India, and Singapore from 1980 to 2020. The results of Westerlund's (Oxford Bulletin of Economics and Statistics, 69(6):709-748, 2007) panel cointegration test illustrate long-run equilibrium relationships among the proposed set of panel variables in the model. The estimated parameters of the AMG, CCEMG, and MG estimators in each of the specified models show that renewable and non-renewable energy consumption, foreign direct investment, and capital accumulation all have significant and progressive effects on economic growth. However, the labor force is insignificant and carbon emissions have a significant negative impact on economic growth. Non-renewable energy consumption significantly stimulates and renewable energy consumption significantly reduces carbon emissions. Moreover, the moderating role of non-renewable energy in the impact of foreign direct investment on carbon emissions is significantly positive, thus validating the PHH. The moderating role of renewable energy consumption in the impact of foreign direct investment on carbon emissions is significantly negative. The study's analysis also clearly validated the inverted U-shaped EKC hypothesis in China, India, and Singapore. Policymakers in emerging economies must prioritize the maturity of renewable energy, which not only increases productivity but also protects the environment from damage by reducing carbon dioxide emissions. The governments of China, India, and Singapore should initiate direct foreign inflows based on advanced and clean technologies to avoid environmental degradation and drive higher growth in these economies.
Collapse
Affiliation(s)
- Yanwei Luo
- Guangxi University of Finance and Economics, Nanning, China
| | - Chenyang Guo
- The School of Economics and Trade, Hunan University, Changsha, 410000, China
| | - Arshad Ali
- Department of Economics and Finance (HOD), Greenwich University, DK-10 38th St, D.H.A Phase 6 Darakhshan Villas Phase 6 Darakshan, Karachi, Karachi City, Sindh, 75500, Pakistan
| | - Jiguang Zhang
- School of Finance, Shanghai University of Finance and Economics, Shanghai, China.
| |
Collapse
|
4
|
Ardra S, Barua MK. Inclusion of circular economy practices in the food supply chain: Challenges and possibilities for reducing food wastage in emerging economies like India. ENVIRONMENT, DEVELOPMENT AND SUSTAINABILITY 2022; 25:1-34. [PMID: 36061267 PMCID: PMC9427091 DOI: 10.1007/s10668-022-02630-x] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 08/07/2021] [Accepted: 08/16/2022] [Indexed: 06/15/2023]
Abstract
In the context of the food supply chain, the UN sustainable goals of 2030 aim at reducing food wastage by fifty percent. Developed countries have started taking steps, but there is little or no sign of progress toward reaching the goal for emerging economies. One such sustainable approach is incorporating circular practices in the food supply chain. A total of 15 barriers to the closed-loop food supply chain were identified through extensive literature review and expert opinions. Further ranking of barriers was done, and a causal relationship among them was built using the Grey DEMATEL methodology. It was found that traceability issues, limited expertise in information and technology, poor logistic network design, and high installation and operational cost of updated facilities were the most influential factors. Sensitivity analysis was also performed to check the robustness of the framework. This study will assist managers in forming the policies and looking after the factors ranked higher. While modeling the framework for their company, they can implement the changes to overcome the challenges of closing the loop. It will also help government regulations in setting regulations for the organization with the aim of encouraging clean practices.
Collapse
Affiliation(s)
- Saurabh Ardra
- Department of Management Studies, Indian Institute of Technology, Roorkee, 247667 India
| | - Mukesh Kumar Barua
- Department of Management Studies, Indian Institute of Technology, Roorkee, 247667 India
| |
Collapse
|
5
|
Zhu Z, Liu B, Yu Z, Cao J. Effects of the Digital Economy on Carbon Emissions: Evidence from China. INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH 2022; 19:ijerph19159450. [PMID: 35954806 PMCID: PMC9368467 DOI: 10.3390/ijerph19159450] [Citation(s) in RCA: 6] [Impact Index Per Article: 3.0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Track Full Text] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 05/09/2022] [Revised: 07/23/2022] [Accepted: 07/28/2022] [Indexed: 11/16/2022]
Abstract
In order to reduce carbon emissions for sustainable development, we analyzed the impact of China’s digital economy development on carbon emissions. Based on the panel data of 30 Chinese provinces from 2009 to 2019, we measured the level of development of China’s digital economy using the entropy method. The relationship between the digital economy and carbon emissions was analyzed from multiple perspectives with the help of the fixed-effects model, the mediated-effects model and the spatial econometric model. The results indicate that the digital economy plays a significant inhibitory role in carbon emissions. In addition, the digital economy inhibits carbon emissions through the innovation effect and the industrial structure upgrading effect. Moreover, the digital economy exhibits a significant spatial spillover effect in dampening carbon emissions. Finally, there is regional heterogeneity in the direct and spatial spillover effect. The findings provide a basis for the digital economy to contribute to carbon emissions reduction and provide relevant policy references for achieving carbon neutrality and sustainable development.
Collapse
Affiliation(s)
- Zhichuan Zhu
- School of Economics, Liaoning University, Shenyang 110136, China; (B.L.); (Z.Y.)
- School of Mathematics and Statistics, Liaoning University, Shenyang 110031, China
- Correspondence:
| | - Bo Liu
- School of Economics, Liaoning University, Shenyang 110136, China; (B.L.); (Z.Y.)
| | - Zhuoxi Yu
- School of Economics, Liaoning University, Shenyang 110136, China; (B.L.); (Z.Y.)
- School of Mathematics and Statistics, Liaoning University, Shenyang 110031, China
| | - Jianhong Cao
- School of Business and Economics, Universit Putra Malaysia, Serdang 43400, Malaysia;
| |
Collapse
|
6
|
Ojekemi OS, Rjoub H, Awosusi AA, Agyekum EB. Toward a sustainable environment and economic growth in BRICS economies: do innovation and globalization matter? ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:57740-57757. [PMID: 35352228 DOI: 10.1007/s11356-022-19742-6] [Citation(s) in RCA: 24] [Impact Index Per Article: 12.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 01/03/2022] [Accepted: 03/11/2022] [Indexed: 06/14/2023]
Abstract
Over the last few decades, environmental deterioration has accelerated significantly. Environmental degradation has been a subject of research across the world because of its impact on billions of people. However, there has been no international agreement on lowering the utilization of energy and CO2 emissions (CO2), while demand for fossil fuels grows in emerging economies. On the other hand, the recent COP26 summit brought all parties together to accelerate action toward reaching the goals of the Paris Agreement and the UN Framework Convention on Climate Change. Although previous research shows that international trade promotes positive socioeconomic outcomes, other experts argue that it contributes to natural resource shortages and ecological deterioration. Thus, the current research considers the effect of international trade, renewable energy use and technological innovation on consumption-based carbon emissions (CCO2), coupled with the role of financial development and economic growth in the BRICS economies between 1990 and 2018. Moreover, this research utilizes the common correlated effects mean group (CCEMG), augmented mean group (AMG) and Dumitrescu and Hurlin (2012) causality methods to assess these interrelationships. The study findings reveal that renewable energy use, exports and technological innovation mitigate CCO2, whereas economic growth and imports trigger CCO2 in the BRICS economies. The panel causality outcomes also reveal that all the variables except financial development can predict CCO2 emissions. Based on the study findings, we recommend the adoption of policies, regulations and the development of legislative frameworks that promote technological innovation and the shift toward sustainable energy.
Collapse
Affiliation(s)
- Opeoluwa Seun Ojekemi
- Department of Business Administration, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, 99040, Haspolat, Turkey
| | - Husam Rjoub
- Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, 99040, Haspolat, Turkey
| | - Abraham Ayobamiji Awosusi
- Department of Economics, Faculty of Economics and Administrative Science, Near East University, North Cyprus, Mersin 10, Turkey.
| | - Ephraim Bonah Agyekum
- Department of Nuclear and Renewable Energy, Ural Federal University Named After the First President of Russia Boris, Ekaterinburg, Russia
| |
Collapse
|
7
|
Does the Moderating Role of Financial Development on Energy Utilization Contributes to Environmental Sustainability in GCC Economies? ENERGIES 2022. [DOI: 10.3390/en15134663] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 02/06/2023]
Abstract
This present research examined the association among carbon emissions, financial development, economic growth, natural resources, and energy usage in GCC nations within the environmental Kuznets curve framework by applying the datasets between 1995 and 2019. It used some empirical approaches, including second-generation unit roots and cointegration methods and method of moments quantile regression (MMQR). We detected a cointegrating interconnection between carbon emissions and financial development, energy usage, economic growth, natural resources, and squared of economic growth in the long term. Furthermore, the findings of the MMQR reveal that economic growth, financial development, energy usage, and natural resources degrade the environment, as well as proving the presence of the EKC hypothesis. Moreover, the results also demonstrated that financial development greatly moderates energy usage in order to attain environmental sustainability. Furthermore, the fixed-effect ordinary least squares, fully modified ordinary least squares, and dynamic ordinary least squares were also used in the study as a soundness check of the MMQR approach. The path of causality moves from financial development, economic growth, and squared of economic growth to CO2 emissions. Lastly, the causality direction runs from carbon emissions to energy usage. Based on these findings, the energy mix of the region must be revised by ensuring the promotion of sustainable energy sources and other energy-efficient technology in order to attain the quality of the environment.
Collapse
|
8
|
The Impact of the Digital Economy on Low-Carbon, Inclusive Growth: Promoting or Restraining. SUSTAINABILITY 2022. [DOI: 10.3390/su14127187] [Citation(s) in RCA: 12] [Impact Index Per Article: 6.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 01/27/2023]
Abstract
Based on panel data from 30 provinces in China, this paper uses a two-way fixed effect model to empirically test the influence of regional digital economy development on the level of low-carbon, inclusive growth. The empirical study shows that: (1) The digital economy has a significant inverted U-shaped impact on China’s regional low-carbon, inclusive growth. It shows that regional digital economic development has a significant inverted U-shaped impact on low-carbon, inclusive growth (the inflection point is 0.3081), and it was found that most of the observations fall on the left side of the inverted U shape. (2) The inverted U-shaped influence has significant heterogeneity in the regional location, information degree, and factor productivity level. (3) The digital economy promotes low-carbon, inclusive growth mainly by improving the overall efficiency of source allocation, but low-carbon, inclusive growth may be curbed by distorting the allocation of capital elements. (4) Via dimensionality reduction analysis, we found that the inverted U-shaped impact of digital applications and digital finance on regional low-carbon, inclusive growth is more obvious. In addition, we also found that the inverted U-shaped impact of regional digital economic development on low-carbon ecology and social inclusiveness is more obvious. This study provides an important reference value for relevant departments to formulate low-carbon, inclusive development policies from the perspective of regional digital economic development.
Collapse
|
9
|
Long-Term and Short-Term Effects of Carbon Emissions on Regional Healthy Development in Shanxi Province, China. SUSTAINABILITY 2022. [DOI: 10.3390/su14095173] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/10/2022]
Abstract
As an important energy base in China, the economic development of Shanxi Province highly depended on coal resources. However, huge coal consumption produced a large amount of carbon dioxide and aggravated ecological problems. Thus, this study uses energy consumption, GDP, and the urbanization rate from 1981 to 2020 via the Vector Auto Regressive (VAR) and impulse response function to analyze the interaction among carbon emissions, urbanization, and economic growth in Shanxi Province. The results show that relations among carbon emissions, economic growth, and urbanization are complicated, and all three have a long-term stable equilibrium relationship. The lag effect on each other reacts violently in the short term, and gradually becomes gentle over time. In the short term, carbon emissions are positively correlated with economic growth and have the same trend of change, but in the long run, carbon emissions will have a small hindering effect on economic growth. Carbon emissions reduce urbanization levels in the short term, and then gradually climb, tending to stabilize as time goes by. With respect to receiving economic growth impaction, carbon emission increases at the initial stage of economic development, but the growth rate becomes slow as time goes by. With respect to receiving urbanization impaction, carbon emission first declines and then rises slowly with relatively small and slow growth in general. The relations among carbon emissions, economic growth, and urbanization are complicated. Therefore, local government needs to be very cautious in regional governance, especially in economic and urban planning and design, take various factors into consideration, and adhere to low-carbon, green, and circular development so as to achieve the carbon peak and carbon neutrality as scheduled and make the urban economy develop sustainably.
Collapse
|
10
|
Adebayo TS, Rjoub H, Akadiri SS, Oladipupo SD, Sharif A, Adeshola I. The role of economic complexity in the environmental Kuznets curve of MINT economies: evidence from method of moments quantile regression. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:24248-24260. [PMID: 34822076 DOI: 10.1007/s11356-021-17524-0] [Citation(s) in RCA: 2] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 09/02/2021] [Accepted: 11/10/2021] [Indexed: 05/06/2023]
Abstract
In the face of mounting climate change challenges, reducing emissions has emerged as a key driver of environmental sustainability and sustainable growth. Despite the fact that research has been conducted on the environmental Kuznets curve (EKC), few researchers have analyzed this in the light of economic complexity. Thus, the current research assesses the effect of economic complexity on CO2 emissions in the MINT nations while taking into account the role of financial development, economic growth, and energy consumption for the period between 1990 and 2018. Using the novel method of moments quantile regression (MMQR) with fixed effects, an inverted U-shape interrelationship is found between economic growth and CO2 emissions, thus validating the EKC hypothesis. Energy consumption and economic complexity increase CO2 emissions significantly from the 1st to 9th quantiles. Furthermore, there is no significant interconnection between financial development and CO2 emissions across all quantiles (1st to 9th). The outcomes of the causality test reveal a feedback causal connection between economic growth and CO2, while a unidirectional causality is established from economic complexity and energy use to CO2 emissions in the MINT nations. Based on the findings, we believe that governments should stimulate the financial sector to provide domestic credit facilities to industrialists, investors, and other business enterprises on more favorable terms so that innovative technologies for environmental protection can be implemented with other policy recommendations.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, 99040, Nicosia, Turkey
- Department of Finance & Accounting, Akfa University, 1st Deadlock, 10th Kukcha Darvoza Street, Tashkent, Uzbekistan
| | - Husam Rjoub
- Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, 99040, Haspolat, Turkey
| | | | - Seun Damola Oladipupo
- Faculty of Science, Department of Earth Science, Olabisi Onabanjo University, Ogun State, Ago-Iwoye, Nigeria
| | - Arshian Sharif
- Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Sintok, Malaysia
| | - Ibrahim Adeshola
- Department of Information Technology, School of Computing and Technology, Eastern Mediterranean University, North Cyprus, 10 Mersin, Turkey
| |
Collapse
|
11
|
Akadiri SS, Adebayo TS. Asymmetric nexus among financial globalization, non-renewable energy, renewable energy use, economic growth, and carbon emissions: impact on environmental sustainability targets in India. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:16311-16323. [PMID: 34648153 DOI: 10.1007/s11356-021-16849-0] [Citation(s) in RCA: 40] [Impact Index Per Article: 20.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 08/04/2021] [Accepted: 09/28/2021] [Indexed: 06/13/2023]
Abstract
Financial globalization has been argued to contribute to the increase/decrease in greenhouse gases and hence global temperature. India, according to International Energy Agency (IEA), is the third largest emitter of greenhouse gases globally, where the consumption of the few rich produces about seven times carbon emissions when compared with the poorest households. This current research explores the asymmetric effect of financial globalization on carbon emissions, while controlling for non-renewable energy utilization, renewable energy consumption, and economic expansion. The study uses yearly data stretching from 1970 to 2018 and batteries of econometric approaches in order to investigate these associations. The outcomes of the NARDL unveiled that (i) a positive (negative) shock in non-renewable energy utilization increases (decrease) carbon emissions; (ii) favorable (unfavorable) variations in renewable energy consumption decrease carbon emissions; (iii) a favorable shock in financial development contributes to carbon emissions; and (iv) a positive shock in growth impacts carbon emissions positively. Based on the empirical outcomes, we are of the opinion that policymakers should intensify efforts in putting in place appropriate environmental policy (green economy) that emphasizes the importance of renewable driven economy via energy-saving and energy-efficient technologies. Else, increased consumption on non-renewable energy sources among the few rich in India and any other countries struggling with implementing green economy would be devastating to both the immediate and future generations.
Collapse
Affiliation(s)
| | - Tomiwa Sunday Adebayo
- Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, 99040, Nicosia, Mersin-10, Turkey
- Department of Finance & Accounting, Akfa University, 1st Deadlock, 10th Kukcha Darvoza Street, Tashkent, Uzbekistan
| |
Collapse
|
12
|
Akinsola GD, Awosusi AA, Kirikkaleli D, Umarbeyli S, Adeshola I, Adebayo TS. Ecological footprint, public-private partnership investment in energy, and financial development in Brazil: a gradual shift causality approach. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:10077-10090. [PMID: 34510351 DOI: 10.1007/s11356-021-15791-5] [Citation(s) in RCA: 22] [Impact Index Per Article: 11.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/16/2021] [Accepted: 07/29/2021] [Indexed: 06/13/2023]
Abstract
The present study assesses the effect of public-private partnerships in energy and financial development on Brazil's ecological footprint and also takes into account the role of renewable energy and economic growth using data spanning from 1983 to 2017. The study utilized several techniques including autoregressive distributive lag (ARDL) and dynamic ordinary least square (DOLS) to examine the relationship between ecological footprint and the determinants, while the gradual shift causality test was utilized to capture the causal linkage between the series in the presence of a single structural break. The outcomes of the Maki co-integration test revealed evidence of a long-run association among the variables of interest. Furthermore, the results of the ARDL and DOLS tests revealed that economic growth and public and private investment in energy increase environmental degradation, while it is mitigated by both renewable energy and financial development. Moreover, the gradual shift causality test revealed a bidirectional causal linkage between ecological footprint and economic growth. The present study recommends the establishment of a forum that will foster public and private partnerships to enhance communication, which will promote collaboration on new initiatives involving green technological innovations.
Collapse
Affiliation(s)
- Gbenga Daniel Akinsola
- Department of Business Management, Faculty of Economics and Administrative Sciences, Girne American University, North Cyprus, 10, Mersin, Turkey
| | - Abraham Ayobamiji Awosusi
- Faculty of Economics and Administrative Science, Department of Economics, Near East University, North Cyprus, 10, Mersin, Turkey
| | - Dervis Kirikkaleli
- Faculty of Economic and Administrative Sciences, Department of Banking and Finance, European University of Lefke, Lefke, Northern Cyprus, TR-10, Mersin, Turkey.
| | - Sukru Umarbeyli
- University of Mediterranean Karpasia, Northern Cyprus, TR-10, Mersin, Turkey
| | - Ibrahim Adeshola
- School of Computing and Technology, Department of Information Technology, Eastern Mediterranean University, Northern Cyprus, 10, Mersin, Turkey
| | - Tomiwa Sunday Adebayo
- Faculty of Economic and Administrative Science, Department of Business Administration, Cyprus International University, Nicosia, Northern Cyprus, TR-10, Mersin, Turkey.
| |
Collapse
|
13
|
Adebayo TS, Awosusi AA, Rjoub H, Agyekum EB, Kirikkaleli D. The influence of renewable energy usage on consumption-based carbon emissions in MINT economies. Heliyon 2022; 8:e08941. [PMID: 35243063 PMCID: PMC8861394 DOI: 10.1016/j.heliyon.2022.e08941] [Citation(s) in RCA: 26] [Impact Index Per Article: 13.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 09/17/2021] [Revised: 12/15/2021] [Accepted: 02/08/2022] [Indexed: 11/28/2022] Open
Abstract
An accurate carbon emissions measurement is critical for developing an appropriate climate strategy to address ecological issues. A meaningful climate policy reaction can be offered based on trade adjusted statistics of carbon emissions. This research utilizes second-generation panel co-integration techniques to investigate the influence of globalization and renewable energy utilization on consumption-based carbon emissions (CCO2) as well as the role of nonrenewable energy use and economic growth in the MINT-(Mexico, Indonesia, Nigeria and Turkey) countries from 1990 to 2018. The outcomes of the cross-sectional dependency and heterogeneity tests revealed slope heterogeneity and cross-sectional units across nations. Furthermore, the outcomes of the cointegration test provided evidence of a long-run association between consumption-based CO2 emissions (CCCO2) and the regressors. Moreover, the outcomes of both common correlated effect mean group (CCEMG) and augmented mean group (AMG) unveiled that economic growth and nonrenewable energy utilization contribute to the degradation of the environment, while globalization and renewable energy utilization help to curb the degradation of the environment. Furthermore, the outcomes of the causality test showed that all the regressors can predict CCO2 emissions in the MINT nations. Thus, policy channeled towards globalization, economic growth, and renewable energy utilization will have a significant effect on CCO2 emissions. Based on the study outcomes, significant policy recommendations are made for policymakers in the MINT nations.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, 99040 Nicosia, Turkey
- Department of Finance & Accounting, Akfa University, Tashkent, Uzbekistan
| | - Abraham Ayobamiji Awosusi
- Faculty of Economics and Administrative Science, Department of Economics, Near East University, Northern Cyprus, TR-10 Mersin, Turkey
| | - Husam Rjoub
- Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, 99040 Haspolat, Turkey
| | - Ephraim Bonah Agyekum
- Department of Nuclear and Renewable Energy, Ural Federal University Named after the First President of Russia Boris, 19 Mira Street, Ekaterinburg, 620002 Yeltsin, Russia
- Corresponding author.
| | - Dervis Kirikkaleli
- Faculty of Economics and Administrative Sciences, Department of Banking and Finance, European University of Lefke, Northern Cyprus TR-10, Mersin, Turkey
| |
Collapse
|
14
|
de Mello Santos VH, Campos TLR, Espuny M, de Oliveira OJ. Towards a green industry through cleaner production development. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2022; 29:349-370. [PMID: 34674126 DOI: 10.1007/s11356-021-16615-2] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.5] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/20/2021] [Accepted: 09/14/2021] [Indexed: 06/13/2023]
Abstract
The growth in global production and consumption rates has resulted in increased pollution generation by industrial companies. To this end, cleaner production is one of the most widely used strategies to reduce the environmental impacts of industry and gain competitive advantage. However, it is still adopted slowly in many places. Therefore, the objective of this study is to propose a framework composed of governmental, scientific, and industrial strategies, policies, initiatives, and research opportunities for the development of cleaner production. The best practices of the top countries in the cleaner production technical-scientific scenario and the main implementation challenges and opportunities for its scientific development were identified and were the reference for the framework proposals. In the government sector, the framework suggests actions to encourage the adoption of cleaner production practices through national policies, legislation, tax incentives, and educational campaigns. In the scientific sector, it suggested the development of studies about the factors that motivate its adoption, studies about clean technologies, and studies about the cleaner production implementation difficulties. In the industrial sector, it highlighted the importance of the engagement of upper management to focus on efforts to increase the efficiency of manufacturing processes with the adoption of clean technologies, management systems, strengthening of the research and development areas, and replacement of hazardous raw materials. Thus, this study contributes with initiatives that will help the implementation of cleaner production practices, reducing the generation of pollution in industry, increasing the efficiency of its processes, and aligning countries and societies to sustainable development.
Collapse
Affiliation(s)
- Vitor Homem de Mello Santos
- Mechanical Industrial Engineering, School of Engineering - Department of Industrial Engineering, São Paulo State University UNESP, Avenida Dr. Ariberto Pereira da Cunha, 333, Pedregulho, Guaratingueta, Sao Paulo, 12516410, Brazil.
| | - Thalita Laua Reis Campos
- Mechanical Engineering Postgraduate Program, School of Engineering - Department of Industrial Engineering, São Paulo State University UNESP, Avenida Dr. Ariberto Pereira da Cunha, 333, Pedregulho, Guaratingueta, Sao Paulo, 12516410, Brazil
| | - Maximilian Espuny
- Mechanical Engineering Postgraduate Program, School of Engineering - Department of Industrial Engineering, São Paulo State University UNESP, Avenida Dr. Ariberto Pereira da Cunha, 333, Pedregulho, Guaratingueta, Sao Paulo, 12516410, Brazil
| | - Otávio José de Oliveira
- Mechanical Engineering Postgraduate Program, School of Engineering - Department of Industrial Engineering, São Paulo State University UNESP, Avenida Dr. Ariberto Pereira da Cunha, 333, Pedregulho, Guaratingueta, Sao Paulo, 12516410, Brazil
| |
Collapse
|
15
|
Adebayo TS, Ramzan M, Iqbal HA, Awosusi AA, Akinsola GD. The environmental sustainability effects of financial development and urbanization in Latin American countries. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2021; 28:57983-57996. [PMID: 34105070 DOI: 10.1007/s11356-021-14580-4] [Citation(s) in RCA: 12] [Impact Index Per Article: 4.0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/25/2021] [Accepted: 05/21/2021] [Indexed: 06/12/2023]
Abstract
The present study assesses the impact of urbanization, economic growth, energy consumption, and financial development on CO2 emissions in Latin American countries using a dataset spanning between 1980 and 2017. The current paper employs utilized panel econometric techniques such as CIDF, panel unit test, the Westerlund panel cointegration, fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and Dumitrescu Hurlin panel causality test to assess these associations. The outcomes from the FMOLS and DOLS estimation reveal that (i) economic growth impacts CO2 emissions positively, (ii) energy consumption exerts a positive impact on CO2 emissions, and (iii) urbanization impacts CO2 emissions positively. Furthermore, the outcomes of the causality test reveal that energy consumption and economic growth can predict CO2 emissions in Latin countries. The findings highlight the importance of policymakers actively coordinating strategies to address Latin America's severe environmental degradation.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Faculty of Economics and Administrative Science, Department of Business Administration, Cyprus International University, Nicosia, Northern Cyprus, Mersin 10, Turkey.
| | - Muhammad Ramzan
- Faculty of International Economics and Trade, Shandong University of Finance and Economics, Jinan, 250014, Shandong, China
| | - Hafiz Arslan Iqbal
- Faculty of International Economics and Trade, Shandong University of Finance and Economics, Jinan, 250014, Shandong, China
| | - Abraham Ayobamiji Awosusi
- Faculty of Economics and Administrative Science, Department of Economics, Near East University, North Cyprus, Mersin 10, Turkey
| | - Gbenga Daniel Akinsola
- Faculty of Economics and Administrative Sciences, Department of Business Management, Girne American University, North Cyprus, Mersin 10, Turkey
| |
Collapse
|
16
|
Adebayo TS, Rjoub H. Assessment of the role of trade and renewable energy consumption on consumption-based carbon emissions: evidence from the MINT economies. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2021; 28:58271-58283. [PMID: 34115297 DOI: 10.1007/s11356-021-14754-0] [Citation(s) in RCA: 17] [Impact Index Per Article: 5.7] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/17/2021] [Accepted: 06/02/2021] [Indexed: 06/12/2023]
Abstract
This research formulates a theoretical framework to investigate the impacts of trade on consumption-based carbon emissions (CCO2) and also takes into account the influence of financial development and renewable energy use utilizing panel data for Mexico, Indonesia, Nigeria, and Turkey (MINT) nations between 1990 and 2017. The study utilizes a series of second-generation techniques such as Westerlund cointegration, cross-sectional augmented autoregressive distributed lag (CS-ARDL), and augmented mean group (AMG) tests to capture the linkage between CCO2 emissions and the independent variables. The study aims to answer the following questions: (a) can exports and imports determine CCO2 emissions in the MINT nations? (b) Is there a long-run association among the variables under investigation? The results of the Westerlund cointegration reveal a long-run association among the variables. The CS-ARDL outcomes indicate that imports and economic growth increase CCO2 emissions, while renewable energy use and exports decrease CCO2 emissions. Moreover, the outcomes of the AMG test also give credence to the CS-ARDL results. Our key policy recommendations are that initiatives, rules, and regulatory mechanisms should be implemented that promote the transformation toward renewable energy.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, 99040, Nicosia, Mersin 10, Turkey.
| | - Husam Rjoub
- Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, 99040, Haspolat, Mersin 10, Turkey
| |
Collapse
|
17
|
Asymmetric Impact of International Trade on Consumption-Based Carbon Emissions in MINT Nations. ENERGIES 2021. [DOI: 10.3390/en14206581] [Citation(s) in RCA: 15] [Impact Index Per Article: 5.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
The association between carbon emissions and international trade has been examined thoroughly; however, consumption-based carbon emissions, which is adjusted for international trade, have not been studied extensively. Therefore, the present study assesses the asymmetric impact of trade (import and export) and economic growth in consumption-based carbon emissions (CCO2) using the MINT nations (Mexico, Indonesia, Nigeria and Turkey) as a case study. We applied the Nonlinear ARDL to assess this connection using dataset between 1990 and 2018. The outcomes from the BDS test affirmed the use of nonlinear techniques. Furthermore, the NARDL bounds test confirmed long-run association between CCO2 and exports, imports and economic growth. The outcomes from the NARDL long and short-run estimates disclosed that positive (negative) shocks in imports increase (decrease) CCO2 emissions in all the MINT nations. Moreover, positive (negative) shocks in exports decrease (increase) CCO2 emissions in all the MINT nations. As expected, a positive shock in economic growth triggers CCO2 emissions while a negative shift does not have significant impact on CCO2 emissions in the MINT nations. Furthermore, we applied the Gradual shift causality test and the outcomes disclose that imports and economic growth can predict CCO2 emissions in the MINT nations. The study outcomes have significant policy recommendations for policymakers in the MINT nations.
Collapse
|
18
|
Odugbesan JA, Rjoub H, Ifediora CU, Iloka CB. Do financial regulations matters for sustainable green economy: evidence from Turkey. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2021; 28:56642-56657. [PMID: 34061269 DOI: 10.1007/s11356-021-14645-4] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.3] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/11/2021] [Accepted: 05/26/2021] [Indexed: 06/12/2023]
Abstract
The attention of scholars and policymakers on the achievement of sustainable green economy has been on increase; however, the topic has not been exhaustively investigated. This study empirically investigates the implications of financial regulations on sustainable green economy in Turkey utilizing a time series data spanning from 1996 to 2019. This study employed Perron and Lee-Strazicich unit root test in the presence of structural break point for examining the stationarity properties of the series and FMOLS, CCR, and ARDL for estimating the long and short-run effect of the financial regulations on carbon productivity. Our study demonstrates that rule of law, economic freedom, and inflation have a significant long-run relationship with carbon productivity as confirmed by FMOLS and CCR, while rule of law, regulatory quality economic freedom, and inflation were confirmed by ARDL to have long-run causal relationship with carbon productivity. In addition, our study found that control of corruption, government effectiveness, rule of law, regulatory quality economic freedom, and inflation have a short-run causal effect on carbon productivity. Finally, this study concludes that financial regulations is significant for achieving sustainable green economy in Turkey and as such should be accorded adequate attention by the policy makers.
Collapse
Affiliation(s)
- Jamiu Adetola Odugbesan
- Department of Business Administration, Faculty of Economics and Administrative Sciences, Cyprus International University, North Cyprus, 10, Mersin, Turkey.
| | - Husam Rjoub
- Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, North Cyprus, 10, Mersin, Turkey
| | - Chuka Uzoma Ifediora
- Marketing Department, University of Nigeria, Enugu Campus (UNEC), Enugu, Nigeria
| | - Chiemelie Benneth Iloka
- Department of Marketing, Faculty of Management Sciences, Enugu State University of Science and Technology, Enugu, Nigeria
| |
Collapse
|
19
|
Adebayo TS, Adedoyin FF, Kirikkaleli D. Toward a sustainable environment: nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2021; 28:52272-52282. [PMID: 34003441 DOI: 10.1007/s11356-021-14425-0] [Citation(s) in RCA: 7] [Impact Index Per Article: 2.3] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 04/04/2021] [Accepted: 05/10/2021] [Indexed: 05/25/2023]
Abstract
This research investigates the drivers of consumption-based carbon emissions in Brazil by using a dataset covering the period between 1990 and 2018. These dynamics were examined by employing the ARDL bounds, DOLS, and gradual shift causality tests. The ARDL long- and short-run estimation outcomes reveal that: (a) renewable energy use stimulates the sustainability of the environment; (b) economic growth increases environmental degradation; and (c) technological innovation enhances the quality of the environment. In addition, the gradual shift causality test results disclosed that renewable energy consumption, economic growth, technological innovation and public-private partnership investment in energy can predict consumption-based carbon emissions in Brazil. Therefore, Brazilian policymakers should actively encourage the R&D of low-carbon technologies and renewable energy consumption. Domestic consumption levels, on the other hand, should be targeted, specifically those that are more energy-intensive and cause a rise in CO2 emissions due to consumption.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Faculty of Economics and Administrative Sciences, Department of Business Administration, Cyprus International University, Nicosia, Northern Cyprus, TR-10, Mersin, Turkey.
| | - Festus Fatai Adedoyin
- Department of Computing and Informatics, Bournemouth University, Poole, United Kingdom
| | - Dervis Kirikkaleli
- Faculty of Economics and Administrative Sciences, European University of Lefke, Northern Cyprus, 10, Mersin, Turkey
| |
Collapse
|
20
|
Adebayo TS, Akinsola GD, Kirikkaleli D, Bekun FV, Umarbeyli S, Osemeahon OS. Economic performance of Indonesia amidst CO 2 emissions and agriculture: a time series analysis. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH INTERNATIONAL 2021; 28:47942-47956. [PMID: 33895956 DOI: 10.1007/s11356-021-13992-6] [Citation(s) in RCA: 29] [Impact Index Per Article: 9.7] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Subscribe] [Scholar Register] [Received: 03/01/2021] [Accepted: 04/13/2021] [Indexed: 05/07/2023]
Abstract
To minimize the awful situation confronting the entire globe, the global warming danger has raised the intensity of consciousness from all areas of life. Therefore, the research assesses the impact of CO2 emissions and energy use on economic performance and considers trade openness, urbanization, and agriculture in Indonesia utilizing data covering the period from 1965 to 2019. The current research employed the dynamic ordinary least square (DOLS) and autoregressive distributed lag (ARDL) tests to capture the long-run association between these economic indicators. Furthermore, the gradual shift and wavelet coherence tests are utilized to capture the direction of causality. The ARDL bound test discloses a long-run interconnection among the variables of interest. The outcomes of the ARDL and DOLS depict that CO2 emissions, agriculture, energy use, and urbanization trigger economic growth. Moreover, the wavelet coherence test findings revealed a positive correlation between economic growth and urbanization, CO2 emissions, agriculture, and energy consumption. Furthermore, there is evidence of a weak and positive correlation between economic growth and trade openness. The gradual shift causality test outcomes disclosed that economic growth can predict urbanization and energy consumption, while agriculture can predict economic growth. These outcomes have far-reaching significance for economic growth and the selected variables in Indonesia.
Collapse
Affiliation(s)
- Tomiwa Sunday Adebayo
- Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, Nicosia, Mersin, Northern Cyprus, TR-10, Turkey.
| | - Gbenga Daniel Akinsola
- Department of Business Management, Faculty of Economics and Administrative Sciences, Girne American University, Mersin, North Cyprus, Turkey
| | - Dervis Kirikkaleli
- Department of Banking and Finance, Faculty of Economics and Administrative Sciences, European University of Lefke, Mersin, Lefke, Northern Cyprus, TR-10, Turkey
| | - Festus Victor Bekun
- Faculty of Economics Administrative and Social sciences, Istanbul Gelisim University, Istanbul, Turkey
- Department of Accounting, Analysis and Audit, School of Economics and Management, South Ural State University, 76, Lenin Aven, Chelyabinsk, Russia, 454080
| | - Sukru Umarbeyli
- University of Mediterranean Karpasia, TR-10, Mersin, Northern Cyprus, Turkey
| | - Oseyenbhin Sunday Osemeahon
- Department of Management Information Systems, School of Applied Sciences, Cyprus International University, Nicosia, Mersin, Northern Cyprus, TR-10, Turkey
| |
Collapse
|
21
|
Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis. ENERGIES 2021. [DOI: 10.3390/en14165132] [Citation(s) in RCA: 4] [Impact Index Per Article: 1.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
This empirical study assesses the effect of CO2 emissions, urbanization, energy consumption, and agriculture on Thailand’s economic growth using a dataset between 1970 and 2018. The ARDL and the frequency domain causality (FDC) approaches were applied to assess these interconnections. The outcome of the bounds test suggested a long-term association among the variables of investigation. The ARDL outcomes reveal that urbanization, agriculture, energy consumption, and CO2 emissions positively trigger Thailand’s economic growth. Additionally, the frequency domain causality test was used to detect a causal connection between the series. The main benefit of this technique is that it can detect a causal connection between series at different frequencies. To the understanding of the authors, this is the first study in the case of Thailand that will apply the FDC approach to capture the causal linkage between GDP and the regressors. The outcomes of the causality test suggested that CO2 emissions, urbanization, energy consumption, and agriculture can predict Thailand’s economic growth in the long term. These outcomes have far-reaching implications for economic performance and Thailand’s macroeconomic indicators.
Collapse
|
22
|
Dominance of Fossil Fuels in Japan's National Energy Mix and Implications for Environmental Sustainability. INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH 2021; 18:ijerph18147347. [PMID: 34299798 PMCID: PMC8306684 DOI: 10.3390/ijerph18147347] [Citation(s) in RCA: 24] [Impact Index Per Article: 8.0] [Reference Citation Analysis] [Abstract] [Key Words] [Download PDF] [Figures] [Subscribe] [Scholar Register] [Received: 06/15/2021] [Revised: 07/02/2021] [Accepted: 07/04/2021] [Indexed: 11/17/2022]
Abstract
Despite the drive for increased environmental protection and the achievement of the Sustainable Development Goals (SDGs), coal, oil, and natural gas use continues to dominate Japan’s energy mix. In light of this issue, this research assessed the position of natural gas, oil, and coal energy use in Japan’s environmental mitigation efforts from the perspective of sustainable development with respect to economic growth between 1965 and 2019. In this regard, the study employs Bayer and Hanck cointegration, fully modified Ordinary Least Square (FMOLS), and dynamic ordinary least square (DOLS) to investigate these interconnections. The empirical findings from this study revealed that the utilization of natural gas, oil, and coal energy reduces the sustainability of the environment with oil consumption having the most significant impact. Furthermore, the study validates the environmental Kuznets curve (EKC) hypothesis in Japan. The outcomes of the Gradual shift causality showed that CO2 emissions can predict economic growth, while oil, coal, and energy consumption can predict CO2 emissions in Japan. Given Japan’s ongoing energy crisis, this innovative analysis provides valuable policy insights to stakeholders and authorities in the nation’s energy sector.
Collapse
|
23
|
Influence of the Population Density of Cities on Energy Consumption of Their Households. SUSTAINABILITY 2021. [DOI: 10.3390/su13147542] [Citation(s) in RCA: 3] [Impact Index Per Article: 1.0] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/16/2022]
Abstract
36% of the energy consumed and 40% of emissions are due to buildings in the residential and tertiary sectors. These antecedents have forced governments to focus on saving energy and reducing emissions in this sector. To help government decision-making and facilitate energy planning for utilities, this work analyzes the energy consumption that occurs in city buildings. The information used to carry it out is publicly accessible. The study is carried out from the point of view of the population density of the cities, and these are analyzed individually. Furthermore, the area actually occupied by the city has been considered. The results are studied by inhabitant and household. The proposed method has been applied to the case of Spanish cities with more than 50,000 inhabitants. The results show that the higher the population density, the higher the energy consumption. This occurs both per inhabitant and per household. Furthermore, the consumption of electrical energy is inelastic, which is not the case with the consumption of thermal origin.
Collapse
|
24
|
Investigating the Linkage between Economic Growth and Environmental Sustainability in India: Do Agriculture and Trade Openness Matter? SUSTAINABILITY 2021. [DOI: 10.3390/su13094753] [Citation(s) in RCA: 43] [Impact Index Per Article: 14.3] [Reference Citation Analysis] [Abstract] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 12/21/2022]
Abstract
This paper assesses the linkage between CO2 emissions and economic growth while taking into account the role of energy consumption, agriculture, and trade openness in India. Using data covering the period between 1965 and 2019, the Bayer and Hanck cointegration and Gradual shift causality tests are applied to assess these economic indicators relationships’. Furthermore, we employed the wavelet coherence test. The advantage of the wavelet coherence test is that it differentiates between short-, medium-, and long-run dynamics over the entire sampling period. To the best of the authors’ understanding, the present paper is the first to apply wavelet analysis to investigate this relationship by incorporating agriculture as a determinant of environmental degradation. The empirical outcomes show that all variables appear to be highly correlated with CO2 emissions with the exemption of trade openness. This is further affirmed by the Gradual shift causality test, which shows that agriculture and energy consumption are crucial determinants of CO2 emissions in India. Accordingly, adequate policy measures are proposed based on these findings.
Collapse
|