The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries

European buildings account for large amounts of energy consumption and CO2 emissions and current EU policies target in decreasing their energy consumption and subsequent CO2 emissions. Realization of a small, grid-connected, residential building with zero CO2 emissions due to energy use in Crete, Greece shows that this can be easily achieved. Required heat and electricity in the building were generated with the use of locally available renewable energies including solar energy and solid biomass. Annual energy consumption and on-site energy generation were balanced over a year as well as the annual electricity exchange between the building and the grid. Technologies used for heat and power generation included solar-thermal, solar-PV and solid-biomass burning which are reliable, mature and cost-effective. Annual energy consumption in the 65 m2 building was 180 KWh/m2 and its annual CO2 emissions were 84.67 kgCO2/m2. The total capital cost of the required renewable energy systems was estimated at approximately 10.77% of its total construction cost, and the required capital investments in renewable energy systems, in order to achieve the goal of a residential building with zero CO2 emissions due to energy use, were 1.65 € per kgCO2, saved annually. The results of this study prove that the creation of zero CO2 emissions buildings is technically feasible, economically attractive and environmentally friendly. Therefore they could be used to create future policies promoting the creation of this type of building additionally to the existing policies promoting near-zero energy buildings.

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Estimating CO2 emissions reduction from renewable energy use in Italy

Renewable Energy ◽

10.1016/j.renene.2016.04.022 ◽

2016 ◽

Vol 96 ◽

pp. 220-232 ◽

Cited By ~ 14

Author(s):

F. Aliprandi ◽

A. Stoppato ◽

A. Mirandola

Keyword(s):

Renewable Energy ◽

Co2 Emissions ◽

Energy Use ◽

Emissions Reduction

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Impact of Globalization and Renewable Energy Consumption on Environmental Degradation: A Lesson for South Africa

International Journal of Renewable Energy Development ◽

10.14710/ijred.2022.40452 ◽

2021 ◽

Vol 11 (1) ◽

pp. 145-155

Author(s):

Seun Damola Oladipupo ◽

Husam Rjoub ◽

Dervis Kirikkaleli ◽

Tomiwa Sunday Adebayo

Keyword(s):

Economic Growth ◽

South Africa ◽

Renewable Energy ◽

Energy Consumption ◽

Co2 Emissions ◽

Environmental Degradation ◽

Energy Use ◽

Sustainable Growth ◽

Renewable Energy Consumption ◽

Nonrenewable Energy

South Africa is one of Africa's most polluted countries, with rising CO2 emissions posing a threat. South Africa must discover ways of minimizing pollution and take necessary steps before it is too late in order to achieve sustainable growth. For this purpose, this research assesses the ecological consequences of globalization, nonrenewable energy use, economic growth and renewable energy consumption in South Africa. The study leverages on the non-linearity advantages of the novel quantile on quantile regression (QQR) method for a robust analysis as opposed to the use of conventional linear approaches, thereby overcoming conspicuous shortfalls in extant studies, while offering a detailed explanation of the overall dependency structure between CO2 emissions and globalization, nonrenewable energy use and renewable energy use using a dataset covering the period between 1970 and 2018. The outcomes suggest that nonrenewable energy use, globalization, and economic growth contribute to environmental degradation in the majority of the quantiles, while the effect of renewable energy use on CO2 is not strong at all quantiles. The study highlights that economic expansion, nonrenewable energy use and globalization play key roles in in mitigating environmental sustainability in South Africa, while renewable energy is not sufficient to meet environmental requirements.

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The effect of foreign direct investment and stock market growth on clean energy use across a panel of emerging market economies

Energy Economics ◽

10.1016/j.eneco.2016.02.008 ◽

2016 ◽

Vol 56 ◽

pp. 29-41 ◽

Cited By ~ 112

Author(s):

Sudharshan Reddy Paramati ◽

Mallesh Ummalla ◽

Nicholas Apergis

Keyword(s):

Foreign Direct Investment ◽

Stock Market ◽

Direct Investment ◽

Energy Use ◽

Emerging Market ◽

Clean Energy ◽

Emerging Market Economies ◽

Market Economies ◽

Market Growth

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Economic Perspective on Discontinuing Fossil Fuel Subsidies and Moving toward a Low-Carbon Society

Sustainability ◽

10.3390/su13031217 ◽

2021 ◽

Vol 13 (3) ◽

pp. 1217

Author(s):

Kyungwon Park ◽

Yoon Lee ◽

Joon Han

Keyword(s):

Renewable Energy ◽

Co2 Emissions ◽

Computable General Equilibrium ◽

Fossil Fuels ◽

Energy Use ◽

Fossil Fuel ◽

Computable General Equilibrium Model ◽

Low Carbon ◽

Fuel Subsidies ◽

Fossil Fuel Subsidies

In Korea, multiple efforts, including subsidies to energy industries, have been made to increase renewable energy use and strengthen the competitiveness of renewable energy industries. Ironically, a considerable number of subsidies have also been provided for fossil fuels, drawing criticism both within Korea and overseas that these subsidies increase not only fossil fuel consumption and greenhouse gas emissions, but also energy market distortion. Thus, the Korean government announced a plan to discontinue some fossil fuel subsidies in 2020. Based on Korea’s policy orientation to expand renewable energy and strengthen its competitiveness, various scenarios to phase out fossil fuel subsidies and increase renewable energy subsidies can be examined. This study used the computable general equilibrium model to subdivide the energy sector and analyze the influence of changes in subsidies on the Korean economy and CO2 emissions based on three scenarios. The results show that phasing out fossil fuel subsidies causes a significant reduction in domestic CO2 emissions by −6.9 to −8.5%, depending on our scenarios. Implementing energy policy in Korea may have minimum impacts on its economy when fossil fuel subsidies transfer to renewable energy industries. The real gross domestic product could be only decreased by −0.04 to −0.14%.

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Improving ICT and renewable energy for environmental sustainability in sub-Saharan Africa

Journal of Research in Emerging Markets ◽

10.30585/jrems.v2i3.471 ◽

2020 ◽

Vol 2 (3) ◽

pp. 82-90

Author(s):

Kabiru Maji Ibrahim ◽

Salisu Ibrahim Waziri

Keyword(s):

Renewable Energy ◽

Co2 Emissions ◽

Environmental Sustainability ◽

Energy Use ◽

Trade Openness ◽

Generalized Method Of Moments ◽

Sub Saharan Africa ◽

Information And Communication ◽

Sub Saharan

The study investigates the role of information and communication technology (ICT) and renewable energy on environmental sustainability in sub-Saharan Africa. The system generalized method of moments (GMM) was employed to estimate data of 45 sub-Saharan countries that cover the 2008 -2016 period. Result reveals that increasing ICT penetration and renewable energy use reduce CO2 emissions and improves environmental sustainability. Economic growth and population growth also mitigate CO2 emissions while education and trade openness have a neutral impact. These findings imply that increasing penetration of ICT facilities and renewable energy in the region will promote inclusive environmental sustainability. The interactive estimation of ICT variables was further considered to determine net effects and the ICT threshold that is relevant for policy implication.

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Natural resources and CO2 emissions nexus: Sustainable development path for South Asian countries

Kuwait Journal of Science ◽

10.48129/kjs.13197 ◽

2021 ◽

Author(s):

Usman Mehmood ◽

Keyword(s):

Renewable Energy ◽

Sri Lanka ◽

Natural Resources ◽

Co2 Emissions ◽

South Asian ◽

Energy Use ◽

Trade Openness ◽

Kuznets Curve ◽

Asian Countries

The rapid deterioration of the environment has attracted the world’s attention to find the determinants of carbon dioxide (CO2) emissions. In this line, many studies have probed the factors affecting CO2 emissions but the role of natural resources has been overlooked significantly. Therefore, this study attempts to fill this gap by investigating the role of natural resources in CO2 emissions in four South Asian countries over the annual period of 1990-2019. Other variables of trade openness, renewable energy, energy use and gross domestic product (GDP) were also included in the model. Findings of the autoregressive-distributed lag (ARDL) method reveal that natural resources reduce CO2 emissions in Pakistan and India. The abundance of natural resources, increases CO2 emissions in Bangladesh. This association was not found significant in Sri Lanka. Moreover, this research confirmed Environmental Kuznets curve (EKC) in Pakistan, India, Bangladesh and Sri Lanka. Renewable energy is reducing CO2 emissions in these countries. Therefore, natural resources are essential to reduce CO2 emissions in Pakistan and India. Bangladesh needs to utilize its natural resources efficiently to improve air quality.

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