Does renewable energy electricity and economic complexity index help to achieve carbon neutrality target of top exporting countries?

2021 ◽  
Vol 299 ◽  
pp. 113386
Author(s):  
Hai-Shi Li ◽  
Yao-Chen Geng ◽  
Riazullah Shinwari ◽  
Wang Yangjie ◽  
Husam Rjoub
2021 ◽  
Author(s):  
Neşe Algan ◽  
Harun Bal ◽  
Müge Manga

The economic complexity index, which is one of the essential elements of economic development, is a concept that means the competitiveness, development, knowledge, and competence structure of the exported products. The current literature generally stated that the increase in the economic complexity index supports sustainable growth. However, the impact of changes in the economic complexity index on environmental damage is neglected in many studies. Accordingly, in the present study, it is analyzed the impact of the economic complexity index on the environmental degradation for the N-11 countries (Bangladesh, Indonesia, Philippines, South Korea, Iran, Mexico, Egypt, Nigeria, Pakistan, Turkey, and Vietnam) between 1990 and 2014. Carbon emission is used as an indicator of environmental degradation. Besides, the renewable and non-renewable (fossil) energy use and the total population are included to the established model as control variables. According to the panel ARDL/PMG findings, the economic complexity index, non-renewable energy use, and total population increase carbon emissions, whereas the renewable energy use decreases. This situation shows that the economic complexity level in N-11 countries has insufficient level to reduce environmental degradation in given years.


2021 ◽  
Vol 9 ◽  
Author(s):  
Kai He ◽  
Muhammad Ramzan ◽  
Abraham Ayobamiji Awosusi ◽  
Zahoor Ahmed ◽  
Mahmood Ahmad ◽  
...  

The association between economic complexity (sophisticated economic structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool for attaining environmental sustainability and it may also moderate the association between economic complexity and carbon emissions. Thus, this research examines the effects of economic complexity, economic growth, renewable energy, and globalization on CO2 emissions in the top 10 energy transition economies where renewable energy and globalization have greatly increased over the last 3 decades. Furthermore, this study also evaluates the joint effect of globalization and economic complexity on carbon emissions. Keeping in view the presence of slope heterogeneity and cross-sectional dependence in the data, this research utilized second-generation unit root tests (CIPS and CADF), Westerlund cointegration approach, and CS-ARDL and CCEMG long-run estimators over the period of 1990–2018. The results affirmed the presence of cointegration among the considered variable. Long-run findings revealed that globalization, renewable energy, and economic complexity decrease carbon emissions. Conversely, economic growth increases carbon emissions. Moreover, the joint impact of economic complexity and globalization stimulates environmental sustainability. Based on these findings, the government of these groups of economies should continue to expand the usage of renewable energy. They should also promote interaction with the rest of the world by adopting the policy of opening up.


2020 ◽  
Vol 12 (12) ◽  
pp. 4814
Author(s):  
Bin Huang ◽  
Ke Xing ◽  
Stephen Pullen ◽  
Lida Liao

Decarbonising the urban built environment for reaching carbon neutrality is high on the agenda for many cities undergoing rapid expansion and densification. As an important urban form, precincts have been increasingly focused on as the context for urban redevelopment planning and at the forefront for trialling carbon reduction measures. However, due to interplays between the built forms and the occupancy, the carbon performance of a precinct is significantly affected by morphological variations, demographical changes, and renewable energy system deployment. Despite much research on the development of low-carbon precincts, there is limited analysis on aggregated effects of population growth, building energy efficiency, renewable energy penetration, and carbon reduction targets in relation to precinct carbon signature and carbon neutral potential for precinct redevelopment and decarbonisation planning. In this paper, an integrated carbon assessment model, including overall precinct carbon emissions and carbon offset contributed by precinct-scale renewable energy harvesting, is developed and applied to examine the lifecycle carbon signature of urban precincts. Using a case study on a residential precinct redevelopment, scenario analysis is employed to explore opportunities for decarbonising densification development and the carbon neutral potential. Results from scenario analysis indicate that redevelopment of buildings with higher-rated energy efficiency and increase of renewable energy penetration can have a long term positive impact on the carbon performance of urban precincts. Meanwhile, demographical factors in precinct evolution also have a strong influence on a precinct’s carbon neutral potential. Whilst population size exerts upward pressure on total carbon emissions, changes in family types and associated consumption behaviour, such as travelling, can make positive contributions to carbon reduction. The analysis also highlights the significance of embodied carbon to the total carbon signature and the carbon reduction potential of a precinct during densification, reinforcing the notion that “develop with less” is as important as carbon offsetting measures for decarbonising the precinct toward carbon neutrality.


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