scholarly journals Do Public-Private Partnership Investment in Energy and Technological Transfers Improve Environmental Quality To Achieve Sustainable Environment Agenda: Evidence From Pakistan

2021 ◽  
Author(s):  
Hummera SALEEM ◽  
Muhammad Bilal Khan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Private Investment ◽  
Public Private Partnership ◽  
Energy Sources ◽  
Ekc Hypothesis ◽  
Energy Policies ◽  
Private Partnership ◽  
Study Results

Abstract This paper tries to find the relationship among economic growth (GDP), import (IMP), export (EXP), public-private partnership investment (PPPG), and technological changes (TEC) on carbon-based CO2 emissions under the Environment Kuznets curve (EKC) premises during the period of 1980-2019 for Pakistan. This study employed various unit root tests that have been designed, such as Augmented Dickey and Fuller (ADF), ARDL co-integration tests, FMOLS, and DOLS estimation techniques. The results indicate that all the variables are co-integrated and have a short-run association among them. The results of DOLS and FOMLS indicate that CO2emissions significantly increase due to increases in economic growth. This study also verified the EKC hypothesis and the findings of the study support the EKC hypothesis for Pakistan. CO2 emissions are significantly decreased by increases in the share of technological innovation, and consumption-based carbon emissions are increased by the share of the trade and public-private investment in energy. The study results suggested that a reduction in the use of non-renewable energy through public-private investment and the use of renewable energy sources is related to energy efficiency policies. The consumption of non-renewable energy sources is high in Pakistan, as compared to renewable energy sources. Appropriate policy tools have been recommended to researchers and policymakers to minimize the harmful effect of global climate change and warming. Thus, environment quality can be enhanced through effective energy policies, sensible saving energy policies, optimized structural changes in the energy sector through effective government policies.

scholarly journals Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 332
Author(s):  
Janusz Grabara ◽  
Arsen Tleppayev ◽  
Malika Dabylova ◽  
Leonardus W. W. Mihardjo ◽  
Zdzisława Dacko-Pikiewicz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Direct Investment ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Integration Test ◽  
The Relationship

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals IMPACT OF RENEWABLE ENERGY SOURCES CONSUMPTION ON ECONOMIC GROWTH IN EUROPE AND ASIA-PACIFIC REGION

2021 ◽  
Vol 11 (6) ◽  
pp. 270-278
Author(s):  
Filimonova Irina Viktorovna ◽  
Nemov Vasily Yurievich ◽  
Provornaya Irina Viktorovna ◽  
Ozhogova Lyubov Mikhailovna
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Asia Pacific ◽  
Energy Sources ◽  
Pacific Region ◽  
Asia Pacific Region

The Effect of Population, Public Investments, and Economic Growth on Regional Renewable Energy Consumption in Turkey

2021 ◽  
pp. 491-504
Author(s):  
Özlem Karadağ Albayrak
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Panel Data ◽  
Renewable Energy Sources ◽  
Regional Scale ◽  
Dynamic Panel Data ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Public Investments

Making the use of renewable energy sources widespread is of paramount importance for Turkey as for all countries. In this regard, the determiners of renewable energy consumption have been investigated. The effect of determining or factors affecting the use of renewable energy sources on a regional scale to Turkey were examined with different qualitative and quantitative research techniques. In this study, the factors of economic growth, public investments, and population are analyzed by considering regional differences on the consumption of renewable energy resources. The effect of regional economic growth, regional public investments, and regional population on the amount of regional renewable energy consumption were investigated by using panel data of 26 statistical regions of Level-2 classification in the period between 2010-2018 in Turkey. The results obtained by the dynamic panel data analysis concluded that economic growth and public investments at the regional level increased renewable energy consumption while the population growth decreased.

scholarly journals Current Situation and Future Perspectives of the Romanian Renewable Energy

Energies ◽  
2018 ◽  
Vol 11 (12) ◽  
pp. 3289 ◽  
Author(s):  
Ştefan Cîrstea ◽  
Claudia Martiş ◽  
Andreea Cîrstea ◽  
Anca Constantinescu-Dobra ◽  
Melinda Fülöp
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Energy Structure ◽  
Future Trends ◽  
Future Perspectives ◽  
Support Mechanism ◽  
Exploratory Data ◽  
Countermeasures And Suggestions

In 2015, Romania was the first country in Europe that achieved EU targets regarding the share of renewables in the generation mix, far ahead of the 2020 deadline. Starting with the energy structure in Romania, the paper: (1) analyses the evolution of the main indicators in the renewable energy sector, (2) discloses the perspectives of renewable energy in Romania synthesizing the main trends of development in the field, and (3) analyses the challenges facing with the development of renewable energy in Romania. Based on analyzing the exploratory data, the paper makes a preliminary prediction of the development of the sector for future decades and proposes targeted countermeasures and suggestions. Romania still has unexploited potential concerning renewable energy sources. Since Romania registered continuous economic growth, the demand for electricity is steadily growing, and this trend is expected to continue. Additionally, Romania could introduce a support mechanism for developing the potential of unexploited existing resources. The results of the present study may be useful for further research regarding public policies for the development of renewable energy. Furthermore, it can represent a useful analysis in order to identify future trends of renewable energy in Romania.

scholarly journals Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan

2020 ◽  
Vol 17 (14) ◽  
pp. 5154 ◽  
Author(s):  
Nabila Abid ◽  
Jianzu Wu ◽  
Fayyaz Ahmad ◽  
Muhammad Umar Draz ◽  
Abbas Ali Chandio ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Human Development ◽  
Environmental Sustainability ◽  
Human Development Index ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Long Run

Energy acts as a catalyst to boost the human development index (HDI) in a country. However, the overuse of energy leads to environmental deterioration, which is a byproduct of economic development. Due to the utilization of non-renewable energy sources for a long time, worldwide environmental conditions have become alarming. This study investigates the relationship between renewable and non-renewable energy consumption, economic growth, environmental sustainability, and the human development index (HDI) in Pakistan. The investigation incorporates population growth and technology variables to form a multivariate framework. We use a fully modified ordinary least squares (FMOLS) approach to time-series data from 1990–2017. To check the robustness of estimations, we apply the Gregory–Hansen test with a causality test under the VECM to confirm this association’s directions. Our findings confirm that non-renewable energy sources have a positive association with economic growth and CO2 emissions. However, human development, technology, and renewable energy boost economic development and reduce environmental pollution in Pakistan. The co-integration results confirmed the long run connectivity among all variables. The causality outcomes support the bidirectional causality between renewable and non-renewable energy consumption, economic growth, and CO2 emissions, both in the short and long run. These outcomes suggest that Pakistan should focus on energy shifts and gradually increase the share of renewables in its energy mix under the China Pakistan Economic Corridor (CPEC). Additionally, the government should increase human and technological development to enhance economic and environmental sustainability.

Strategies to make renewable energy sources compatible with economic growth

2017 ◽  
Vol 18 ◽  
pp. 121-126 ◽  
Author(s):  
Tiago L. Afonso ◽  
António C. Marques ◽  
José A. Fuinhas
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sources

scholarly journals The nexus between consumption of biofuels and economic growth: An empirical evidence from Brazil

2018 ◽  
Vol 12 (35) ◽  
pp. 87-98
Author(s):  
Matheus Koengkan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Environmental Degradation ◽  
Unit Root ◽  
Renewable Energy Sources ◽  
Var Model ◽  
Energy Sources ◽  
Energy Matrix ◽  
Vector Autoregressive ◽  
Bidirectional Relationship

This study investigates the nexus between consumption of biofuels and economic growth in Brazil during the period of 1990 to 2015. The vector autoregressive (VAR) was applied. The preliminary tests proved the presence of multicollinearity and the existence of unit root in the variables. The results of VAR model indicated the existence of a bidirectional relationship between consumption of biofuels and economic growth, consumption of oil and economic growth, and consumption of biofuels and oil. These results are an opportunity to the policies makers change the energy matrix with the introduction of more renewable energy sources in order to reduce the environmental degradation. 

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