Towards long-term sustainable environment: does agriculture and renewable energy consumption matter?

2021 ◽  
Author(s):  
Abbas Ali Chandio ◽  
Waqar Akram ◽  
Ilhan Ozturk ◽  
Munir Ahmad ◽  
Fayyaz Ahmad
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Consumption ◽  
Sustainable Environment

Comparing regional differences in global energy performance

2019 ◽  
Vol 31 (6) ◽  
pp. 943-960
Author(s):  
Liang-Han Ma ◽  
Jin-Chi Hsieh ◽  
Yung-Ho Chiu
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Performance Index ◽  
Environmental Performance ◽  
Fossil Fuels ◽  
Energy Performance ◽  
Renewable Energy Consumption ◽  
Environmental Performance Index ◽  
Regional Energy ◽  
Sustainable Environment

This study comprehensively considers any input and output that has a certain physical dimension, utilizes the super slacks-based measure directional distance function data envelopment analysis (DDF-DEA) model to measure global energy performance in the period 2010–2016, and compares regional differences in Americas, Europe and Asia. We employ contained directional, non-directional, and undesirable inputs and outputs, which include population number, fossil fuels energy consumption, gross capital formation, gross domestic product, renewable energy consumption, and carbon dioxide emission. From the full energy efficiency and ranking of the DDF-DEA approach herein, the empirical results show that Trinidad and Tobago exhibits the best efficiency (2.8194) and Uzbekistan has the worst efficiency (0.5734). The best regional energy performance is Americas, and the worst is Asia for 2010–2016, showing that regional energy policies have a significant impact. The Environmental Performance Index is an important sustainable environment index, and most Environmental Performance Index levels are quite consistent with the trend of energy efficiency and ranking with DDF-DEA in this study. The energy efficiencies of the higher Environmental Performance Index group and higher renewable energy consumption group are significantly larger than the lower Environmental Performance Index group and better than the lower renewable energy consumption group, respectively. Therefore, we suggest that all countries should adjust their future energy using a strategy based on annual Environmental Performance Index. Their goals can be to reduce fossil fuels energy consumption, increase renewable energy use, and reduce undesirable output of carbon dioxide. Doing so will help them to develop their economies while taking into account a sustainable environment, thus achieving sustainable economic development.

scholarly journals The Implementation of Climate Change Policy in Post-Soviet Countries Achieving Long-Term Targets

2020 ◽  
Vol 12 (11) ◽  
pp. 4558
Author(s):  
Yuliia Matiiuk ◽  
Mykolas Simas Poškus ◽  
Genovaitė Liobikienė
Keyword(s):  
Climate Change ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Energy Intensity ◽  
Climate Change Policy ◽  
Renewable Energy Consumption ◽  
Change Policy ◽  
The Eu

Contribution to climate change mitigation is required for all world countries. Post-Soviet countries’ climate change policy strategies by 2030 (2035) were adopted relatively recently. Thus, the aim of this study is to analyze the achievements of climate change policy, encompassing carbon emissions, energy intensity, and renewable energy consumption, in separate Post-Soviet countries and to reveal the possibilities of reaching their long-term 2030–2035 targets. The results showed huge differences in carbon emissions, energy intensity, and the share of renewable energy consumption among Post-Soviet countries. Analyzing the trends of climate change policy implementation in almost all Post-Soviet countries (except Ukraine and Uzbekistan), carbon pollution increased during the analyzed period (2002–2014). The highest growth of emissions was observed in Georgia and Tajikistan. Furthermore, the economic development level was positively and significantly related to the level of carbon emissions. During the 2002–2014 period, energy intensity decreased in all Post-Soviet countries, particularly in those where the level was lower. The share of renewable energy consumption increased the most in countries that are members of the EU (Latvia, Lithuania, and Estonia) and Moldova, which declared its willingness to join the EU. However, the energy intensity and the share of renewable energy consumption were insignificantly related to the level of economic development. Analyzing the possibility of achieving the Post-Soviet countries’ climate change policy targets, the results showed that only some of them will succeed. Therefore, Post-Soviet countries should implement more efficient climate change policies and effective tools in order to achieve their targets.

scholarly journals Financial Development, Clean Energy, and Human Capital: Roadmap towards Sustainable Growth in América Latina

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3763
Author(s):  
Pablo Ponce ◽  
José Álvarez-García ◽  
Johanna Medina ◽  
María de la Cruz del Río-Rama
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Clean Energy ◽  
Sustainable Growth ◽  
Policy Implications ◽  
Renewable Energy Consumption

The consumption of renewable energy has become a substitute for fossil fuels to mitigate environmental degradation. However, this substitution of energy raises many questions regarding its possible impact on economic growth. In this context, this research aims to examine the long-term relationship between economic growth and financial development, non-renewable energy, renewable energy, and human capital in 16 Latin American countries. Panel data techniques during the period 1988–2018 and statistical information compiled by the World Bank and Penn Word Table databases were used. Second-generation econometric techniques (cross-sectionally augmented Dickey–Fuller (CADF) and cross-sectionally augmented IPS (CIPS) were used in the work methodology, which allow the presence of cross-sectional dependence between sections to be controlled. The main results indicate that there is a long-term equilibrium relationship between financial development, non-renewable energy consumption, renewable energy consumption, human capital, and economic growth. The results show that the consumption of renewable energy does not compromise economic growth; the 1% increase in renewable energy consumption is related to the 1% increase in economic growth. The policy implications suggest some measures to ensure economic growth considering the role of green energy and human capital.

Can conventional energy be replaced by renewable energy without harming economic growth in non-oil-MENA? Evidence from Granger causality in VECM

2019 ◽  
Vol 15 (2) ◽  
pp. 159-168
Author(s):  
Badry Hechmy
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Granger Causality ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Content Type ◽  
Investigation Methods ◽  
The Relationship

Purpose The purpose of this paper is to examine the relationship between renewable energy consumption and economic growth in non-oil countries in the Middle East and North Africa (non-oil-MENA) during the period from 2000 to 2014. The Pedroni (2000) test shows that there is a long-term cointegration relationship between those variables; however, the Granger causality test in the vector error correction model (VECM) shows that this relationship is bidirectional in the short and long term. Thus, to ensure sustainable economic growth without pollution and to reduce dependence on abroad, renewable energies can be chosen as substitutes for conventional energies in the non-oil-MENA countries. Design/methodology/approach First, LLC and IPS unit root tests are used to test the variables stationarity; and, second, Pedroni panel cointegration and Engle–Granger causality by VECM analysis are used to check the relationship between the studied variables. Findings Empirical results show that the renewable energy consumption and economic growth are cointegrated and that there are two-way causal relationships between them in the long and in the short term. These countries must therefore encourage the consumption of renewable energy instead of traditional energy to reduce their dependence on energy from abroad and CO2 pollution. Originality/value The originality of this work lies in the measurements of the study variables and the empirical investigation methods used.

scholarly journals Forest Conservation and Renewable Energy Consumption: An ARDL Approach

Forests ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 255
Author(s):  
Pablo Ponce ◽  
María de la Cruz Del Río-Rama ◽  
José Álvarez-García ◽  
Cristiana Oliveira
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Low Income ◽  
Forest Cover ◽  
Clean Energy ◽  
Causal Link ◽  
Forest Area ◽  
Low Income Countries ◽  
Renewable Energy Consumption

Deforestation shows the constant environmental degradation that occurs worldwide as a result of the growth of economic activity and the increase in population. This research examines the causal link between renewable energy consumption, GDP, GDP2, non-renewable energy price, population growth and forest area in high, middle- and low-income countries. Based on data obtained from World Development Indicators, the autoregressive distributed lag model, with a time series, is used to examine the long-term cointegration relationship between the variables. The results justify the existence of a joint long-term relationship between the variables analysed for the middle-income countries and low-income countries. When the forest area is not at its equilibrium level, the speed of adjustment is slow (0.44% and 8.7%), which is typical of the nature of this natural resource. An increase in the consumption of renewable energy is associated with an increase between 0.04 and 0.02 square kilometres of forest cover, respectively. The research does not show evidence about the equilibrium relationship in the short term. Growth in renewable energy consumption is one of the main drivers for preserving the forest area. Therefore, those responsible for making economic policies must aim their measures towards the use of clean energy.

scholarly journals The Effect of Renewable Energy Consumption on Economic Stability: Panel Data Analysis on Selected Countries

2020 ◽  
Vol 10 (1) ◽  
pp. 10-20
Author(s):  
Tunahan Hacıimamoğlu ◽  
Ali Rıza Sandalcılar
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
The Philippines ◽  
Cointegration Analysis ◽  
Economic Stability ◽  
Renewable Energy Consumption

This study aims to investigate the effect of renewable energy consumption on economic stability. In this regard, covering the period of 1990-2016, data of 35 countries, 19 of which are developed and 16 of which are developing, were used. The cointegration analysis results reveal that, there is a long-term relationship between the two variables in developed and developing countries. According to panel coefficient estimators, the effect of renewable energy consumption on economic stability is positive and statistically meaningful in Germany, Denmark, Italy, Switzerland, and Sweden, which are developed countries, and also in Egypt, Turkey, Taiwan, Pakistan, and Indonesia, which are developing countries. However, the effect is negative and significant in contrast to expectations in England and Belgium, which are developed countries, and in India and the Philippines, which are developing countries.

The relationship between renewable energy consumption and economic growth

2019 ◽  
Vol 13 (3) ◽  
pp. 573-589 ◽  
Author(s):  
Hamit Can ◽  
Özge Korkmaz
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Electricity ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
The Balkans ◽  
Bound Test ◽  
The Relationship

Purpose The purpose of this study is to investigate the relationship between renewable energy and economic growth of Bulgaria. Design/methodology/approach This study analyzes the relationship between renewable energy and economic growth of Bulgaria for the period 1990-2016, based on annual data, by using the Toda–Yamamoto analysis and Autogressive Distrubuted Lag (ARDL) bound test. This period is characterized by the democratization of the Balkans and several crisis cycles in Bulgaria. Renewable energy consumption (REC, percentage of total final energy consumption), renewable electricity output (REO, percentage of total electricity output) and economic growth (GDP constant 2010 US$) were used. The levels or differences of the variables that are stationary were investigated using the augmented Dickey–Fuller (ADF), Philips–Perron (PP) and Kwiatkowski-Philips-Schmidt-Shin (KPSS) unit root tests. Findings Three different results were obtained from this study. One showed that renewable energy consumption and renewable electricity output are the causes of economic growth. Another result of this study is that economic growth and renewable electricity output are the causes of renewable energy consumption. The last result is that economic growth and renewable energy consumption are not causes of renewable electricity output. There was no long-term relationship between variables. Research limitations/implications The ARDL and Toda–Yamamoto tests were used because of lack of data sets. Thus, it is estimated that there is no long-term relationship. Originality/value This study is an original work for Bulgaria, showing the results of the relationship between renewable energy and economic growth. In line with the results of this study, renewable energy projects related to Bulgaria can be predicted.

scholarly journals The Bioeconomy and Foreign Trade in Food Products—A Sustainable Partnership at the European Level?

2020 ◽  
Vol 12 (6) ◽  
pp. 2460
Author(s):  
Dan Costin Nițescu ◽  
Valentin Murgu
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Research And Development ◽  
Food Products ◽  
Forest Area ◽  
Green Economy ◽  
Added Value ◽  
European Level ◽  
Renewable Energy Consumption

This research addresses the problem of the synergistic relationship between the sustainable development of the green economy (bioeconomy) at the European level and the commercial flows with food. Mainly, two components were analyzed and integrated: A qualitative one, on the perspective of the development of the bioeconomy at the European level, and a quantitative one, on the study of the nature of the inter-correlation between the exogenous indicators of foreign food trade (exports and imports) and the relevant endogenous indicators (the labor force, gross added value of agriculture, forestry and fisheries, research and development expenditure, forest area, fossil fuel energy consumption, and renewable energy consumption), for 24 European countries over a 22 year period. Exports and imports of food products are positively influenced by the added value of the agricultural sector and by the share of research and development expenditures, both in the short and long term. Renewable energy consumption influences exports in the short term, but in the long term, the forest area has a significant positive impact. Imports are negatively influenced by renewable energy consumption. The findings of this research can provide support for the future mix of policies.

scholarly journals The Nexus between Economic Complexity and Energy Consumption under the Context of Sustainable Environment: Evidence from the LMC Countries

2020 ◽  
Vol 18 (1) ◽  
pp. 124
Author(s):  
Hongbo Liu ◽  
Shuanglu Liang ◽  
Qingbo Cui
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Policy Implications ◽  
Negative Consequences ◽  
Renewable Energy Consumption ◽  
Economic Complexity ◽  
Sustainable Environment ◽  
Pollution Emissions ◽  
Panel Vector Autoregression ◽  
Fossil Fuel Energy

The wide application of various energy resources in economic development is allegedly responsible for deepening environmental deterioration in terms of increasing pollution emissions and other negative consequences including climate change. This current work investigates the interdependent correlation between energy consumption (both fossil fuel energy consumption and renewable energy consumption) and economic complexity among Lancang-Mekong Cooperation (hereafter LMC) countries, from 1991 to 2017. As for empirical analysis, a panel vector autoregression (PVAR) model was employed. Outcomes of this research confirm the existence of a unidirectional relationship between energy consumption and economic complexity index. It is verified that renewable energy usage is a possible alternative to traditional energy and is able to increase economic complexity. This current research proposed to contribute as a pioneering exploration on LMC countries by adding original observations into existing studies. Finally, we will discuss policy implications of this work.

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