How renewable energy consumption and natural resource abundance impact environmental degradation? New findings and policy implications from quantile approach

2021 ◽  
pp. 1-12
Author(s):  
Buket Altinoz ◽  
Eyup Dogan
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Natural Resource ◽  
Policy Implications ◽  
Renewable Energy Consumption ◽  
Resource Abundance ◽  
New Findings

scholarly journals CO2 Emissions, Energy Consumption, and Economic Growth: New Evidence in the ASEAN Countries

2019 ◽  
Vol 12 (3) ◽  
pp. 145 ◽  
Author(s):  
Vo ◽  
Vo ◽  
Le
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Granger Causality ◽  
Co2 Emissions ◽  
Causal Effect ◽  
The Philippines ◽  
Policy Implications ◽  
Renewable Energy Consumption ◽  
Long Run

The members of the Association of Southeast Asian Nations (ASEAN) have made several attempts to adopt renewable energy targets given the economic, energy-related, environmental challenges faced by the governments, policy makers, and stakeholders. However, previous studies have focused limited attention on the role of renewable energy when testing the dynamic link between CO2 emissions, energy consumption and renewable energy consumption. As such, this study is conducted to test a common hypothesis regarding a long-run environmental Kuznets curve (EKC). The paper also investigates the causal link between carbon dioxide (CO2) emissions, energy consumption, renewable energy, population growth, and economic growth for countries in the region. Using various time-series econometrics approaches, our analysis covers five ASEAN members (including Indonesia, Myanmar, Malaysia, the Philippines, and Thailand) for the 1971–2014 period where required data are available. Our results reveal no long-run relationship among the variables of interest in the Philippines and Thailand, but a relationship does exist in Indonesia, Myanmar, and Malaysia. The EKC hypothesis is observed in Myanmar but not in Indonesia and Malaysia. Also, Granger causality among these important variables varies considerably across the selected countries. No Granger causality among carbon emissions, energy consumption, and renewable energy consumption is reported in Malaysia, the Philippines, and Thailand. Indonesia experiences a unidirectional causal effect from economic growth to renewable energy consumption in both short and long run and from economic growth to CO2 emissions and energy consumption. Interestingly, only Myanmar has a unidirectional effect from GDP growth, energy consumption, and population to the adoption of renewable energy. Policy implications have emerged based on the findings achieved from this study for each country in the ASEAN region.

scholarly journals The Financial Development-Renewable Energy Consumption Nexus in the Case of Azerbaijan

Energies ◽  
2020 ◽  
Vol 13 (23) ◽  
pp. 6265
Author(s):  
Shahriyar Mukhtarov ◽  
Sugra Humbatova ◽  
Natig Gadim-Oglu Hajiyev ◽  
Sannur Aliyev
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Time Series Data ◽  
Policy Implications ◽  
Small Samples ◽  
Series Data ◽  
Energy Prices ◽  
Renewable Energy Consumption

This article analyzed the relationship between financial development, renewable energy consumption, economic growth, and energy prices in Azerbaijan by employing time series data for the time span of 1993–2015. The autoregressive distributed lagged (ARDL) technique was applied in empirical estimations, because it performs better than all the alternative techniques in small samples, which was the case here in this article. The results of estimation found that there is a positive and statistically significant influence of financial development and economic growth on renewable energy consumption, whereas the prices of energy proxied by CPI have an adverse impact on renewable energy consumption in Azerbaijan. Also, estimation results demonstrated that a 1% rise in financial development, proxied by domestic credit as a percentage of GDP, and economic growth increase renewable energy consumption by 0.16% and 0.60%, respectively. The different financial development impacts on renewable energy consumption and related policy implications were also introduced.

Brownfield, greenfield, and renewable energy consumption: Moderating role of effective governance

2019 ◽  
Vol 31 (3) ◽  
pp. 405-423
Author(s):  
Farzan Yahya ◽  
Muhammad Rafiq
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Positive Association ◽  
Low Risk ◽  
Policy Implications ◽  
Renewable Energy Consumption ◽  
Holistic View ◽  
Government Effectiveness ◽  
The Relationship

This study investigates the influence of greenfield investment and brownfield investment on renewable energy consumption along with the moderating effect of government effectiveness in 68 countries over the period 2013 to 2014. In order to evaluate more holistic view of the empirical model, we further divide our data into two sub-panels based on country risk. By applying the system-GMM technique to mitigate statistical biases including endogeneity, the empirical results show that brownfield and greenfield investment positively influences renewable energy consumption in global and low-risk panel. However, there is no statistically significant effect of brownfield investment and adverse effect of greenfield investment on renewable energy consumption in low-risk countries. Results also show that effective governments promote the use of renewable energy but it does not moderate the relationship between brownfield investment and renewable energy consumption. On the other hand, government effectiveness strengthens the positive association between greenfield investment and renewable energy consumption in global and low-risk panel, while weakens the negative link between these variables in high-risk countries. Policy implications of our results are also discussed.

scholarly journals Exploring the Effects of Economic Complexity and the Transition to a Clean Energy Pattern on Ecological Footprint From the Indian Perspective

2022 ◽  
Vol 9 ◽  
Author(s):  
Xiaowen Wan ◽  
Atif Jahanger ◽  
Muhammad Usman ◽  
Magdalena Radulescu ◽  
Daniel Balsalobre-Lorente ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Ecological Footprint ◽  
Dominant Role ◽  
Clean Energy ◽  
Pollution Level ◽  
Renewable Energy Consumption ◽  
Economic Complexity ◽  
Long Run

The study explores the association between economic complexity, globalization, renewable and non-renewable energy consumption on the ecological footprint in the case of India from 1990–2018. The autoregressive distributed lag (ARDL) is applied to measure the long-run elasticity, while the vector error correction model (VECM) is applied to classify the causal path. The empirical findings demonstrate that economic complexity, globalization process, and renewable energy consumption play a dominant role in minimizing environmental degradation. In contrast, economic growth and non-renewable energy consumption are more responsible for increasing the pollution level in both the short and long run. Furthermore, the VECM outcomes disclose that there is long-run causality between ecological footprint and economic complexity. Moreover, the empirical outcomes are robust to various robustness checks performed for analysis to the consistency of our main results. The Indian government/policymakers should encourage a more environmentally friendly production process and eco-friendly technologies in exports to minimize environmental degradation.

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