scholarly journals Impact of fossil fuels, renewable energy consumption and industrial growth on carbon emissions in Latin American and Caribbean economies

2020 ◽  
Author(s):  
Muhammad Khalid Anser ◽  
Imran Hanif ◽  
Majed Alharthi ◽  
Imran Sharif Chaudhry
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Carbon Emissions ◽  
Fossil Fuels ◽  
Renewable Energy Consumption ◽  
Industrial Growth ◽  
Latin American And Caribbean

scholarly journals Repercussions of Sustainable Agricultural Productivity, Foreign Direct Investment, Renewable Energy, and Environmental Decay: Recent Evidence from Latin America and the Caribbean

2021 ◽  
Vol 9 ◽  
Author(s):  
Sobia Naseem ◽  
Wang Hui ◽  
Muddassar Sarfraz ◽  
Muhammad Mohsin
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Environmental Sustainability ◽  
Renewable Energy Consumption ◽  
Speed Of Adjustment ◽  
Long Run ◽  
Short Run ◽  
The Relationship ◽  
Latin American And Caribbean

This research aimed to assess and implement the long- and short-run relationship of agriculture and environmental sustainability with control variables. Purposely, this research consolidated theoretical and conceptual principles to create a systematic structure in agriculture for the development of both sectors, i.e., agricultural and the environment. On this ground statement, this research was motivated to contemplate the relationship between carbon dioxide emission, agricultural production, gross domestic product, renewable energy consumption, and foreign direct investment using annual data series of Latin American and Caribbean countries from 1971 to 2018. Autoregressive distributed lag (ARDL) was used as an econometric methodology to examine the relationship among the variables. Agriculture is the most vulnerable sector in Latin American and Caribbean countries, and the economy is heavily dependent on it. The main results of this research indicated that agriculture and CO2 emissions were positively related to each other for the long and short run, which means that agricultural activities increased the CO2 emission levels. At the same time, the control variables showed mixed associations with environmental degradation as gross domestic product (GDP) was positively significant and renewable energy consumption was negatively significant. The error correction (ECt−1) term was negatively significant, confirming the long-run relationship and the speed of adjustment from short- to long-run equilibrium. Agricultural production and GDP led to increments in CO2 emissions, while renewable energy consumption negatively contributed to toxic emissions. The speed of adjustment in Latin American and Caribbean countries was nippy. It required 2.933 periods for the transformation from the short periodic phase to the long term. A comprehensive approach is the research debate rigorously and holistically based on divergent sectors of an economy and their relationship with environmental sustainability. The econometric method, symbolic system, and conceptual existence were designed originally.

Renewable Energy Consumption and its Main Drivers in Latin American and Caribbean Countries: A Robust Analysis Between Static and Dynamic Panel Data Models

2021 ◽  
Vol 9 (1) ◽  
pp. 37-61
Author(s):  
S. Menéndez-Carbo
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Energy Demand ◽  
Clean Energy ◽  
Dynamic Panel Data ◽  
Green Energy ◽  
Renewable Energy Consumption ◽  
Per Capita ◽  
Latin American And Caribbean

This study examines the potential drivers of renewable energy consumption for 22 Latin American and Caribbean countries during 2005–2014. I use the sys-GMM method to deal with the presence of endogeneity, countryspecific components and serial correlation within observations. Results confirm the dynamic behaviour of green energy consumption. Moreover, GDP per capita and CO2 emissions per capita are the determinants of this clean energy source. The positive effect of per capita GDP implies that a non-depleting alternative source has been used to satisfy an increasing energy demand, which was experienced due to the acceleration of economic growth in the region. On the other hand, the negative effect of per capita CO2 emissions reflects the weight that fossil fuels have in the energy mix. Because of some of the analysed countries’ oil-producer nature, oil prices rise is not enough for a switch response.

scholarly journals A Review on Energy and Renewable Energy Policies in Iran

2021 ◽  
Vol 13 (13) ◽  
pp. 7328
Author(s):  
Saeed Solaymani
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Energy Security ◽  
Fossil Fuels ◽  
Agricultural Products ◽  
Energy Resources ◽  
Causality Analysis ◽  
Renewable Energy Consumption

Iran, endowed with abundant renewable and non-renewable energy resources, particularly non-renewable resources, faces challenges such as air pollution, climate change and energy security. As a leading exporter and consumer of fossil fuels, it is also attempting to use renewable energy as part of its energy mix toward energy security and sustainability. Due to its favorable geographic characteristics, Iran has diverse and accessible renewable sources, which provide appropriate substitutes to reduce dependence on fossil fuels. Therefore, this study aims to examine trends in energy demand, policies and development of renewable energies and the causal relationship between renewable and non-renewable energies and economic growth using two methodologies. This study first reviews the current state of energy and energy policies and then employs Granger causality analysis to test the relationships between the variables considered. Results showed that renewable energy technologies currently do not have a significant and adequate role in the energy supply of Iran. To encourage the use of renewable energy, especially in electricity production, fuel diversification policies and development program goals were introduced in the late 2000s and early 2010s. Diversifying energy resources is a key pillar of Iran’s new plan. In addition to solar and hydropower, biomass from the municipal waste from large cities and other agricultural products, including fruits, can be used to generate energy and renewable sources. While present policies indicate the incorporation of sustainable energy sources, further efforts are needed to offset the use of fossil fuels. Moreover, the study predicts that with the production capacity of agricultural products in 2018, approximately 4.8 billion liters of bioethanol can be obtained from crop residues and about 526 thousand tons of biodiesel from oilseeds annually. Granger’s causality analysis also shows that there is a unidirectional causal relationship between economic growth to renewable and non-renewable energy use. Labor force and gross fixed capital formation cause renewable energy consumption, and nonrenewable energy consumption causes renewable energy consumption.

scholarly journals Renewable energy consumption and robust globalization(s) in OECD countries: Do oil, carbon emissions and economic activity matter?

2020 ◽  
Vol 32 ◽  
pp. 100535 ◽  
Author(s):  
Hemachandra Padhan ◽  
Purna Chandra Padhang ◽  
Aviral Kumar Tiwari ◽  
Rizwan Ahmed ◽  
Shawkat Hammoudeh
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Economic Activity ◽  
Oecd Countries ◽  
Renewable Energy Consumption

Renewable and non-renewable energy consumption and economic growth in the US: A Markov-Switching VAR analysis

2020 ◽  
pp. 0958305X2094403
Author(s):  
Emrah Ismail Cevik ◽  
Durmuş Çağrı Yıldırım ◽  
Sel Dibooglu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Energy Demand ◽  
Fossil Fuels ◽  
The United States ◽  
Renewable Energy Consumption ◽  
Causality Test ◽  
Long Run ◽  
The Us

We examine the relationship between renewable and non-renewable energy consumption and economic growth in the United States. While the regime-dependent Granger causality test results for the non-renewable energy consumption and economic growth suggest bi-directional causality in both regimes, we cannot validate any causality between renewable energy consumption and economic growth. The US meets its energy demand from non-renewable sources; as such, renewable energy consumption does not seem to affect economic growth. Given the efficiency and productivity of renewable energy investments, we conclude that it is worthwhile to consider renewable energy inputs to replace fossil fuels given potential benefits in terms of global warming and climate change concerns. In this regard, increasing the R&D investments in the renewable energy sectors, increases in productivity and profitability of renewable energy investments are likely to accrue benefits in the long run.

scholarly journals Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0253464
Author(s):  
M. S. Karimi ◽  
S. Ahmad ◽  
H. Karamelikli ◽  
D. T. Dinç ◽  
Y. A. Khan ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Gdp Per Capita ◽  
Bounds Testing ◽  
Renewable Energy Consumption ◽  
Economic Implications ◽  
Long Run ◽  
Per Capita

This study examines the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran between 1975–2017, and the bounds testing approach to cointegration and the asymmetric method was used in this study. The results reveal that in the long run increase in renewable energy consumption and CO2 emissions causes an increase in real GDP per capita. Meanwhile, the decrease in renewable energy has the same effect, but GDP per capita reacts more strongly to the rise in renewable energy than the decline. Besides, in the long run, a reduction of CO2 emissions has an insignificant impact on GDP per capita. Furthermore, the results from asymmetric tests suggest that reducing CO2 emissions and renewable energy consumption do not have an essential role in decreasing growth in the short run. In contrast, an increase in renewable energy consumption and CO2 emissions do contribute to boosting the growth. These results may be attributable to the less renewable energy in the energy portfolio of Iran. Additionally, the coefficients on capital and labor are statistically significant, and we discuss the economic implications of the results and propose specific policy recommendations.

Comparing regional differences in global energy performance

2019 ◽  
Vol 31 (6) ◽  
pp. 943-960
Author(s):  
Liang-Han Ma ◽  
Jin-Chi Hsieh ◽  
Yung-Ho Chiu
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Performance Index ◽  
Environmental Performance ◽  
Fossil Fuels ◽  
Energy Performance ◽  
Renewable Energy Consumption ◽  
Environmental Performance Index ◽  
Regional Energy ◽  
Sustainable Environment

This study comprehensively considers any input and output that has a certain physical dimension, utilizes the super slacks-based measure directional distance function data envelopment analysis (DDF-DEA) model to measure global energy performance in the period 2010–2016, and compares regional differences in Americas, Europe and Asia. We employ contained directional, non-directional, and undesirable inputs and outputs, which include population number, fossil fuels energy consumption, gross capital formation, gross domestic product, renewable energy consumption, and carbon dioxide emission. From the full energy efficiency and ranking of the DDF-DEA approach herein, the empirical results show that Trinidad and Tobago exhibits the best efficiency (2.8194) and Uzbekistan has the worst efficiency (0.5734). The best regional energy performance is Americas, and the worst is Asia for 2010–2016, showing that regional energy policies have a significant impact. The Environmental Performance Index is an important sustainable environment index, and most Environmental Performance Index levels are quite consistent with the trend of energy efficiency and ranking with DDF-DEA in this study. The energy efficiencies of the higher Environmental Performance Index group and higher renewable energy consumption group are significantly larger than the lower Environmental Performance Index group and better than the lower renewable energy consumption group, respectively. Therefore, we suggest that all countries should adjust their future energy using a strategy based on annual Environmental Performance Index. Their goals can be to reduce fossil fuels energy consumption, increase renewable energy use, and reduce undesirable output of carbon dioxide. Doing so will help them to develop their economies while taking into account a sustainable environment, thus achieving sustainable economic development.

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