On the nexus of CO2 emissions and renewable and nonrenewable energy consumption in Europe: A new insight from panel smooth transition

2020 ◽  
pp. 0958305X2093768 ◽  
Author(s):  
Huthaifa Alqaralleh
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Business Cycle ◽  
Co2 Emissions ◽  
Environmental Kuznets Curve ◽  
Smooth Transition ◽  
Kuznets Curve ◽  
Smooth Transition Regression ◽  
Combat Climate Change ◽  
The Relationship

This study seeks, within the extended framework of the so-called environmental Kuznets curve (EKC), to analyse the nonlinear effect of economic growth and energy consumption on environmental pollution (measured by CO2 emissions) in 30 countries, over the period 2000 – 2018. The panel smooth transition regression (PSTR) model is used to allow such a relationship between variables in different economic regimes to be determined. According to the analysis results, this study strengthens the idea that the relationship can be described as a shaped business cycle, in which economic growth first increases environmental degradation, and then, after a certain growth (income) level has been reached, reduces it. This business cycle relationship suggests that environmental improvements will eventually occur as economies grow. Another implication of these results is the importance of using energy in a greener way to combat climate change and to sustain economic development.

scholarly journals The wealth of nations and sustainable development: energy intensity and the environmental Kuznets curve

2020 ◽  
Vol 11 (1) ◽  
pp. 110-123 ◽  
Author(s):  
Ola Honningdal Grytten ◽  
Magnus Lindmark ◽  
Kjell Bjørn Minde
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Environmental Kuznets Curve ◽  
Energy Intensity ◽  
Polynomial Regression ◽  
Continuous Series ◽  
Kuznets Curve ◽  
Wealth Of Nations ◽  
The Relationship

Scholars warn that wealth leads to unsustainable environmental development. However, over the last decades, studies have shown an increase in environmental degradation at the initial stage of economic growth, and then a decline when economic growth reaches a certain level. This first acceleration and then deceleration create an inverted U-shaped curve between pollution and economic growth, called the environmental Kuznets curve (EKC). Environmental degradation can be measured by different factors. This paper deals with two of them, i.e. energy consumption and energy intensity (EI). The latter is measured as the ratio between energy consumption and GDP. The relationship of energy consumption and intensity to economic growth can serve as a tool for examining whether an EKC exists. The paper presents continuous series of energy consumption energy intensity and gross domestic product for the Norwegian mainland economy 1835–2019. The series are used to examine the possible existence of relative and absolute environmental Kuznets curves (EKC). Time series are established using available data and annual figures for 1835–2019, which are presented for the first time. They depict a development that, first, reflects an almost constant downward trend in EI, and, second, the existence of EKCs. The paper also proposes a polynomial regression model to discuss the relationship between environmental degradation as measured by energy consumption and intensity on the one hand, and economic growth on the other. It is concluded that there are both relative and absolute EKC-relations between environmental degradation and economic growth, with 1975 as relative and 2002 as absolute turning point.

scholarly journals Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)

2015 ◽  
Vol 41 ◽  
pp. 602-614 ◽  
Author(s):  
Andrés Robalino-López ◽  
Ángel Mena-Nieto ◽  
José-Enrique García-Ramos ◽  
Antonio A. Golpe
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Environmental Kuznets Curve ◽  
Kuznets Curve ◽  
The Relationship

scholarly journals Does the Environmental Kuznets Curve Exist? An International Study

2020 ◽  
Vol 12 (21) ◽  
pp. 9117 ◽  
Author(s):  
Nutnaree Maneejuk ◽  
Sutthipat Ratchakom ◽  
Paravee Maneejuk ◽  
Woraphon Yamaka
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Co2 Emissions ◽  
Environmental Degradation ◽  
Environmental Kuznets Curve ◽  
Environmental Damage ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
The Impact ◽  
The Relationship

This study aims to examine the relationship between economic development and environmental degradation based on the Environmental Kuznets Curve (EKC) hypothesis. The level of CO2 emissions is used as the indicator of environmental damage to determine whether or not greater economic growth can lower environmental degradation under the EKC hypothesis. The investigation was performed on eight major international economic communities covering 44 countries across the world. The relationship between economic growth and environmental condition was estimated using the kink regression model, which identifies the turning point of the change in the relationship. The findings indicate that the EKC hypothesis is valid in only three out of the eight international economic communities, namely the European Union (EU), Organization for Economic Co-operation and Development (OECD), and Group of Seven (G7). In addition, interesting results were obtained from the inclusion of four other control variables into the estimation model for groups of countries to explain the impact on environmental quality. Financial development (FIN), the industrial sector (IND), and urbanization (URB) were found to lead to increasing CO2 emissions, while renewable energies (RNE) appeared to reduce the environmental degradation. In addition, when we further investigated the existence of the EKC hypothesis in an individual country, the results showed that the EKC hypothesis is valid in only 9 out of the 44 individual countries.

Economic Growth And Carbon Dioxide Emissions: The Environmental Kuznets Curve Hypothesis In Yemen

2021 ◽  
Vol 2021 (68) ◽  
pp. 42-58
Author(s):  
Essa Alhannom ◽  
Ghaleb Mushabab
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Environmental Kuznets Curve ◽  
Trade Openness ◽  
Kuznets Curve ◽  
Per Capita ◽  
Environmental Kuznets Curve Hypothesis

Abstract This study investigates the validity of the Environmental Kuznets Curve hypothesis in Yemen and the causal relationships between Carbon dioxide emissions, per capita income, energy consumption, trade openness, and industrial share to GDP. ARDL bounds testing approach to cointegration, Error Correction Model, and Toda-Yamamoto procedure to Granger causality techniques were employed on annual data covering the period from 1990 to 2010. long run relationship between CO2 emissions and its determinants with significant effects for per capita GDP and trade openness, whereas, energy consumption and trade openness appear to be important determinants of CO2 emissions in the short run. Besides, based on Narayan and Narayan (2010) approach, it is found that the EKC hypothesis does not hold in Yemen and therefore the effect of per capita income on CO2 emissions is monotonically increasing. Toda-Yamamoto causality test proved the existence of bidirectional causal relationships between economic growth and CO2 emissions, between energy consumption and economic growth, and between trade openness and energy consumption

scholarly journals Role of Economic Growth, Financial Development, Trade, Energy and FDI in Environmental Kuznets Curve for Lithuania: Evidence from ARDL Bounds Testing Approach

2020 ◽  
Vol 31 (1) ◽  
pp. 39-49 ◽  
Author(s):  
Habib-ur Rahman ◽  
Ahmad Ghazali ◽  
Ghulam Ali Bhatti ◽  
Safdar Ullah Khan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Financial Development ◽  
Environmental Kuznets Curve ◽  
Series Data ◽  
Kuznets Curve ◽  
Bounds Testing ◽  
Long Run ◽  
Ardl Bounds Testing

This paper examines the long-run relationship between carbon dioxide (CO2) emission and economic growth, financial development, trade, energy consumption, and foreign direct investment in the case of Lithuania by employing time series data of 1989-2018. In particular, this paper aims to test whether the Environmental Kuznets Curve (EKC) relationship for economic growth and financial development holds or not. The autoregressive distributed lag (ARDL) bounds testing procedure is employed for the empirical analysis. The results validate the existence of EKC in the long-run as well as in the short-run since there is an inverted U-shaped relation between CO2 emissions and economic growth. Conversely, we could not validate the EKC relationship between CO2 emissions and financial development. Trade and energy consumption are other significant determinants of CO2 emissions. The causality analysis results show that unidirectional causality runs from economic growth to CO2 emissions and trade to CO2 emissions. The validity of the EKC hypothesis indicates that Lithuania can achieve short-term, medium-term, and long-term climate change mitigation and adoption goals and objectives approved by the Parliament of the Republic of Lithuania without deteriorating its economic growth.

Study on the Relationship between the Energy Carbon Emission and Economic Growth in Hebei Province

2014 ◽  
Vol 623 ◽  
pp. 310-316
Author(s):  
Yan Zhang ◽  
Chang Wang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Emission Reduction ◽  
Environmental Kuznets Curve ◽  
Carbon Emission ◽  
New Technology ◽  
Hebei Province ◽  
Kuznets Curve ◽  
The Impact

This article simply reviewed the carbon emission situation in Hebei province from 1996 to 2011, and tried to use environmental Kuznets curve to analysis the impact of the economic growth of CO2 emissions on the energy consumption. The regression results show that CO2 emissions and economic growth in line with the environmental Kuznets curve inverted U-shaped, but it is in the left hemisphere of the curve, namely, as the growth of the economy, the CO2 emissions will continue to increase, so the carbon emission reduction work in Hebei province is still very heavy, we should change the energy consumption situation actively in the environment, adjust the industrial structure, develop new technology vigorously, and promote the innovation of emission reduction.

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