The role of electricity consumption, globalization and economic growth in carbon dioxide emissions and its implications for environmental sustainability targets

2020 ◽  
Vol 708 ◽  
pp. 134653 ◽  
Author(s):  
Seyi Saint Akadiri ◽  
Andrew Adewale Alola ◽  
Godwin Olasehinde-Williams ◽  
Mfonobong Udom Etokakpan
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Environmental Sustainability ◽  
Carbon Dioxide Emissions ◽  
Electricity Consumption

Moving toward a green revolution in Japan: Symmetric and asymmetric relationships among clean energy technology development investments, economic growth, and CO2 emissions

2021 ◽  
pp. 0958305X2110417
Author(s):  
Zahoor Ahmed ◽  
Michael Cary ◽  
Sajid Ali ◽  
Muntasir Murshed ◽  
Hamid Ullah ◽  
...  
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Research And Development ◽  
Environmental Sustainability ◽  
Carbon Dioxide Emissions ◽  
Clean Energy ◽  
Well Being ◽  
Energy Sector ◽  
Energy Development ◽  
Public Investments

A revolution in the energy sector is crucial for achieving environmental sustainability since almost three-fourth of global carbon dioxide emissions is generated from the energy sector. It is believed that combustion of unclean energy resources is the major contributor to the multifaceted environmental adversities experienced across the globe. Thus, the development of clean energy technologies, to elevate their shares in the global energy mix, is deemed necessary to reinstate environmental well-being worldwide. Against this background, this study aims to explore the symmetric and asymmetric impacts of public research and development investments for nuclear and renewable energy development and economic growth on carbon dioxide emissions in the context of Japan over the 1974–2017 period. As opposed to the conventional approaches, this study contributes to the literature by specifically scrutinizing the environmental effects associated with public investments in clean energy development projects; whereas the majority of the preceding studies have either considered the environmental impacts associated with the overall research and development investments in the energy sector or that made by firms in general. However, evaluating the effects of such investments for clean energy development is more appropriate for policy-making purposes. The results from both the symmetric and asymmetric analyses reveal that higher public investments in clean energy research and development-oriented projects help to curb carbon dioxide emissions in Japan. Besides, such investments for nuclear energy development are evidenced to be relatively more effective in facilitating the nation's carbon emission-abating agenda. In contrast, economic growth in Japan is evidenced to trigger higher carbon dioxide emissions. In line with these key findings, this study offers several policy-level suggestions in respect of undergoing clean energy transition and achieving environmental sustainability in Japan.

scholarly journals Carbon Dioxide Emissions, Energy Consumption and Economic Growth: A Comparative Empirical Study of Selected Developed and Developing Countries. “The Role of Exergy”

Energies ◽  
2018 ◽  
Vol 11 (10) ◽  
pp. 2668 ◽  
Author(s):  
Raúl Arango-Miranda ◽  
Robert Hausler ◽  
Rabindranarth Romero-Lopez ◽  
Mathias Glaus ◽  
Sara Ibarra-Zavaleta
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Empirical Study ◽  
Carbon Dioxide Emissions ◽  
Energy Intensity ◽  
Trade Openness ◽  
Control Variable ◽  
Future Research

Diverse factors may have an impact in carbon dioxide (CO2) emissions; thus, three main contributors, energy consumption, gross domestic product (GDP) and an exergy indicator are examined in this work. This study explores the relationship between economic growth and energy consumption by means of the hypothesis postulated for the Environmental Kuznets Curve (EKC). Panel data for ten countries, from 1971 to 2014 have been studied. Despite a wide gamma of research on the EKC, the role of an exergy variable has not been tested to find the EKC; for this reason, exergy analysis is proposed. Exergy analyses were performed to propose an exergetic indicator as a control variable and a comparative empirical study is developed to study a multivariable framework with the aim to detect correlations between them. High correlation between CO2, GDP, energy consumption, energy intensity and trade openness are observed, on the other hand not statistically significant values for trade openness and energy intensity. The results do not support the EKC hypothesis, however exergy intensity opens the door for future research once it proves to be a useful control variable. Exergy provides opportunities to analyze and implement energy and environmental policies in these countries, with the possibility to link exergy efficiencies and the use of renewables.

scholarly journals The Economic Determinants of the CO2 Emission in Saudi Arabia: The role and impact: المحددات الاقتصادية لانبعاثات ثاني أكسيد الكربون في المملكة العربية السعودية "الدور والأثر"

2019 ◽  
Vol 3 (12) ◽  
Author(s):  
Amal Hassan ALmalki, Nahla Sadrudden Samargandi, Abla Abdulh
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Saudi Arabia ◽  
Foreign Direct Investment ◽  
Carbon Dioxide Emissions ◽  
Direct Investment ◽  
Trade Openness ◽  
Electricity Consumption ◽  
Economic Determinants

This study examined the impact of a number of economic determinants such as economic growth, electricity consumption, foreign direct investment, financial development, trade openness and their contribution to increase or decrease of carbon dioxide (CO2) emissions in Saudi Arabia. To explore the long-run relationships between the variables, the autoregressive distributed lag (ARDL) methodology, is employed to analyze time series data for the period 1980-2017. Results indicates that there has is a long-term positive relationship between electricity consumption, economic growth, trade openness, and carbon dioxide emissions. A long-term negative relationship is existed between both foreign direct investment and the financial development, and carbon dioxide emissions. Therefore, we see how important it is to reduce dependence on fossil fuels and switch to renewable energy in electricity production. This indicates the importance of Vision 2030 to reduce dependence on oil as a major source of income and to support economic growth by developing the non-oil sector. And the importance of raising the efficiency of funding and providing the necessary liquidity to support the industrial sectors with the imposition of strict environmental laws.        

scholarly journals Modelling electricity consumption in Ghana: the role of financial development indicators

Green Finance ◽  
2021 ◽  
Vol 4 (1) ◽  
pp. 54-70
Author(s):  
Peter Ansu-Mensah ◽  
◽  
Paul Adjei Kwakwa ◽  
Keyword(s):  
Carbon Dioxide ◽  
Private Sector ◽  
Financial Development ◽  
Carbon Dioxide Emissions ◽  
Direct Investment ◽  
Electricity Consumption ◽  
Development Indicators ◽  
Domestic Credit ◽  
Financial Index

<abstract> <p>Access to electricity is touted as one of the ways of reducing poverty and improving the livelihoods of people. However, an increased consumption may also contribute to higher carbon dioxide emissions. While many studies have therefore assessed the determinants of electricity consumption for developing countries that have a lower electricity consumption and inadequate supply to meet demand, the effect of financial development on electricity consumption has been mixed. Consequently, this study models electricity consumption in Ghana with special attention on the effect of financial development. The results show that price reduces electricity consumption while income and population density increase consumption of electricity. When financial development is represented by domestic credit to private sector, domestic credit to private sector by banks and broad money supply, the effect is negative on electricity consumption. However, the effect is positive when financial development is represented by foreign direct investment. A financial index constructed from the four indicators shows financial development reduces electricity consumption in Ghana. Among other things the policy implication includes the need to formulate appropriate policy based on a specific indicator for financial development.</p> </abstract>

scholarly journals Carbon Dioxide Emissions, Energy Consumption and Economic Growth: A Comparative Empirical Study of Selected Developed and Developing Countries. The Role of Exergy.

2018 ◽  
Author(s):  
Raúl Arango-Miranda ◽  
Robert Hausler ◽  
Rabindranarth Romero-Lopez ◽  
Mathias Glaus ◽  
Sara P. Ibarra-Zavaleta
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Empirical Study ◽  
Carbon Dioxide Emissions ◽  
Energy Intensity ◽  
Trade Openness ◽  
Control Variable ◽  
Future Research

Diverse factors may have an impact in Carbon dioxide (CO2) emissions; thus, three main contributors, energy consumption, exergy indicator and gross domestic product (GDP) are examined in this work. This study explores the relationship between economic growth and energy consumption by means of the hypothesis postulated for the Environmental Kuznets Curve (EKC). Panel data for 10 countries, from 1971 to 2014 have been studied. Despite all this wide gamma of research, the role of an exergy variable has not been tested to find the EKC; then exergy analysis is proposed. Exergy analyses were developed to propose an exergetic indicator as a control variable and a comparative empirical study is developed to study a multivariable framework with the aim to detect correlations between them. High correlation between CO2, GDP, energy consumption, energy intensity and trade openness are observed, conversely not statistically significant values for trade openness and energy intensity. The results do not support the EKC hypothesis, however exergy intensity opens the door for future research once it proves to be a useful control variable. Exergy provides opportunities to analyze and implement energy and environmental policies in these countries, with the possibility to link exergy efficiencies and the use of renewables.

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