Exploring the Effect of Renewable Energy on Low-Carbon Sustainable Development in the Belt and Road Initiative Countries: Evidence From the Spatial-Temporal Perspective

2021 ◽  
Author(s):  
Jianhan He ◽  
Jianhua Chen ◽  
Hengming Peng ◽  
Hailin Duan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Capital Investment ◽  
Energy Intensity ◽  
Low Carbon ◽  
Temporal Perspective ◽  
Belt And Road ◽  
Cross Country ◽  
The Cross ◽  
The Belt And Road

Abstract The Belt and Road Initiative (BRI) has promoted the deployment of renewable energy to achieve sustainability. It is essential to reveal the influence of renewable energy on low-carbon economic development. The share of renewable energy consumption (SREC) is taken as the core explanatory variable in this paper, and its impacts on carbon emission intensity (CEI) and economic growth are investigated from the spatial-temporal perspective. First, the panel Granger causality test is applied for revealing the causal links among SREC, CEI, and economic growth during 1999-2017. Then, this paper investigates the impacts of SREC on economic growth and CEI through rigorous econometric techniques. Based on the regression results, Shapley value decomposition is utilized to account for the cross-country inequalities of economic growth and CEI. The main findings are as follows: (1) There exist bidirectional Granger causalities between SREC, economic growth, and CEI, which shows there is a systematic link between the three variables. (2) All models demonstrate the inverted U-shaped nexus between SREC and economic growth, indicating renewable energy deployment costs are urgent to be decreased with SREG increasing. Besides, capital investment and openness positively affect economic growth, but energy intensity has an opposite impact. (3) From the spatial heterogeneity perspective, the cross-country inequality in economic growth is primarily due to the regional inequality of capital investment, followed by energy intensity and SREC. By contrast, the impacts of labor and openness are negligible. (4) SREC has a negative effect on CEI. In addition, an inverted U-shaped nexus between economic growth and CEI is observed. Energy intensity positively affects CEI, while the impacts of urbanization and openness are insignificant. (5) From the spatial heterogeneity perspective, the cross-country CEI inequality is mostly caused by the inequality of energy intensity, followed by SREC, urbanization and economic growth, while the contribution of the openness gap is little. This article provides important implications for low-carbon development in the BRI countries.

scholarly journals Contribution of renewable energy consumption to CO2 emissions mitigation: a comparative analysis from the income levels’ perspective in the belt and road initiative (BRI) region

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Junsong Jia ◽  
Yueyue Rong ◽  
Chundi Chen ◽  
Dongming Xie ◽  
Yong Yang
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Low Income ◽  
Energy Intensity ◽  
Belt And Road Initiative ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
Income Levels ◽  
Belt And Road ◽  
The Belt And Road

Purpose This paper aims to retrospectively quantify the contribution of renewable energy consumption (REC) to mitigate the carbon dioxide (CO2) emissions for the belt and road initiative (BRI) region. The reason is that, so far, still few scientists have deeply analyzed this underlying impact, especially from the income levels’ perspective. Design/methodology/approach The study divides the BRI region into four groups by the income levels (high, HI; upper middle, UM; lower middle, LM; lower, LO) during 1992–2014 and uses the logarithmic mean Divisia index. Findings The results show the REC of the BRI has an overall decreasing trend but the driving contribution to the CO2 growth except that the HI group’s REC has an obviously mitigating contribution of −2.09%. The number indicates that it is necessary and urgent to exploit and use renewable energy, especially in mid- and low-income countries due to the large potential of carbon mitigation. Besides, during 2010–2014, the energy intensity effects of different groups were negative except for the low income group (positive, 5.47 million tonnes), which showed that some poor countries recently reduced CO2 emissions only by extensively using renewable energy but not enhancing the corresponding efficiency. Conversely, in other rich countries, people paid more attention to improve the energy-use efficiency to lower energy intensity. Originality/value This study creatively analyzes this underlying impact of the REC to mitigate the CO2 emissions from the income levels’ perspective and proposes some reasonable countermeasures of reducing CO2 for the BRI region.

scholarly journals Control of Carbon Emissions by Promoting Economic Growth and Renewable Energy in Newly Emerging Economic Block

2021 ◽  
Vol 4 (2) ◽  
pp. 409-420
Author(s):  
Farhana Nosheen ◽  
Robina Kouser ◽  
Sadia Anjum ◽  
Mohammad Javeed Akhter
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
The Belt And Road

This research examines the effects of economic growth and energy consumption in the new developing economic block of Silk Road on carbon emissions (SERB). The energy consumption is further synthesized into renewable and non-renewable energy sources to distinguish their role in carbon emissions. This study considered panel data (1995-2014) of twenty-four middle-income countries along the Belt and Road initiative for empirical analysis. The fixed effect, random effect, and GMM methods were performed to confirm the cointegration relationship. Results highlighted the role of economic growth, renewable energy, and nonerasable energy on carbon emissions in the short and long run. Thus, it can be concluded that the newly emerging block resulting from Belt and Road initiative could get the maximum economic benefits of this project by using renewable energy sources. The new renewable energy projects may help increase clean energy and reduce carbon emissions in the emerging economic block due to the Belt and Road initiative.

Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.

scholarly journals Threshold Effect of Economic Growth on Energy Intensity—Evidence from 21 Developed Countries

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4199
Author(s):  
Jinjin Zhou ◽  
Zenglin Ma ◽  
Taoyuan Wei ◽  
Chang Li
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Urban Population ◽  
Energy Intensity ◽  
Developed Countries ◽  
Renewable Energy Consumption ◽  
Tertiary Industry ◽  
D Investment ◽  
Threshold Point

Based on threshold regression models, this paper analyzes the effect of economic growth on energy intensity by using panel data from 21 developed countries from 1996 to 2015. Results show that a 1% increase in GDP per capita can lead to a 0.62–0.78% reduction in energy intensity, implying economic growth can significantly reduce energy intensity. The extent of the reduction in energy intensity varies depending on the economic development stages represented by key influencing factors including energy mix in consumption, urbanization, industrial structure, and technological progress. Specifically, the reduction in energy intensity due to economic growth can be enhanced with relatively more renewable energy consumption and more urban population until a threshold point, where the enhancement disappears. On the other hand, the extent of the energy intensity reduction due to economic growth can be weakened with relatively more tertiary industry activities and more research and development (R&D) investment in an economy until a threshold point, where the weakening cannot continue. However, compared to the early stages represented by the low ends of renewable energy consumption, urban population, tertiary industry activities, and R&D investment, the later stages represented by the high ends of these key factors after a threshold show the weakened effect of economic growth on the decline of energy intensity. Hence, when an economy is well-developed, policy makers are advised to put fewer expectations on the role of economic growth to reduce energy intensity, while pursuing relatively cleaner energy, greater urbanization, more tertiary industry activities, and advanced technologies.

scholarly journals Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

2020 ◽  
Vol 2 (2) ◽  
pp. 23-45
Author(s):  
Jin-Hui Li ◽  
Chol-Ju An ◽  
Gwang-Nam Rim
Keyword(s):  
Economic Growth ◽  
Economic Benefits ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Regression Analyses ◽  
Belt And Road ◽  
Development Levels ◽  
The Impact ◽  
The Belt And Road

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

scholarly journals Reflections on the Joint Cultivation of Undergraduate Animation Education in China and Thailand

2020 ◽  
pp. 129-134
Author(s):  
Chaochu Xiang ◽  
Keyword(s):  
Future Development ◽  
Cross Border ◽  
The Future ◽  
Belt And Road ◽  
The Cross ◽  
Asean Countries ◽  
Education In China ◽  
The Belt And Road

In recent years, with the advancement of the “The Belt and Road”, the cooperation between China and ASEAN countries is increasingly close, and the cross-border exchange of education between China and ASEAN has been further promoted. This article will research targeted at undergraduate animation education in Thailand. By studying the current educational pattern of the animation major in Thai universities and exploring the roots of the existing issues, combining the characteristics of the animation major in the College of Chinese & ASEAN Arts, try to put forward some ideas for the construction of a collaborative cultivating curriculum system for Chinese and Thai undergraduate talents. In order to provide some useful thoughts for the future development of international educational cooperation based on the College of Chinese & ASEAN Arts.

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