scholarly journals How Do Natural Gas, Oil, and Coal Consumption Contribute to Environmental Degradation? An Empirical Investigation in Russia

2021 ◽  
Author(s):  
Orazaliyev Kanat ◽  
Zhijun Yan ◽  
Muhammad Mansoor Asghar ◽  
Zahoor Ahmed ◽  
Haider Mahmood ◽  
...  
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Environmental Degradation ◽  
Fossil Fuels ◽  
Interaction Analysis ◽  
Energy Sources ◽  
Oil Consumption ◽  
Coal Consumption ◽  
Long Run ◽  
Oil Gas

Abstract Environmental degradation sourced by conventional energy sources is not only a major factor behind climate change but also poses an adverse impact on human health. Undoubtedly, fossil fuels are major drivers of economic growth; however, their detrimental environmental impacts are of global scope, affecting the inhabitants of the whole world. In the literature, there is no comprehensive empirical evidence on the linkage between different energy sources and CO2 emissions in Russia which is among the top five CO2 emitting nations. Thus, this paper aims to quantify the relationships between oil consumption, natural gas consumption, coal consumption, and CO2 emission controlling economic growth in Russia. The findings indicate that CO2 emissions in Russia are cointegrated with oil, gas, coal, and economic growth. The long-run outcomes unfold that Russian economic growth is not directly harmful to environmental quality; however, the consumption of oil, gas, and coal upsurge the level of CO2 emissions. In addition, we conducted Granger causality tests for causal interaction analysis. The findings on the Russian data confirm the existence of both long and short-term causal connections with the country’s economic growth, disaggregated fossil fuel consumption, and CO2 emissions. In conclusion, we directed several policy recommendations to address the challenges and threats posed by energy-related emissions without adversely impacting economic growth in Russia. These policies could also be advantageous to other countries, especially those with close Russian links.

Urbanization and the Consumption of Fossil Energy Sources in the Emerging Southeast Asian Countries

2021 ◽  
pp. 097542532199037
Author(s):  
Chi Minh Ho ◽  
Luong Tan Nguyen ◽  
Anh The Vo ◽  
Duc Hong Vo
Keyword(s):  
Energy Consumption ◽  
Fossil Fuels ◽  
The Philippines ◽  
Policy Implications ◽  
Oil Consumption ◽  
Long Term Effects ◽  
Coal Consumption ◽  
Fossil Energy ◽  
Distributed Lag ◽  
Long Run

Fossil energy consumption is considered a source of environmental degradation. While the demand for fossil energy increases during the process of urbanization, different nations rely upon different sources of fossil energy. As such, a one-size-fits-all approach in reducing the consumption of fossil fuels to improve the quality of the environment is neither logical, nor practical. This study investigates the short-term and long-term effects of urbanization in relation to fossil energy consumption from coal, gas and oil. The auto-regressive distributed lag (ARDL) is employed on the sample of five emerging ASEAN nations in the 1985–2018 period. The findings reveal that that urbanization in Indonesia, Malaysia and Thailand appears to be associated with an increase in coal consumption in the short run. In Vietnam, gas consumption will increase with urbanization. However, in the long run, urbanization in Thailand and Vietnam is linked to an increase in oil consumption. Urbanization in Indonesia, Malaysia and the Philippines leads to the reduction of coal consumption in the long run. Policy implications have emerged based on the findings of this study.

scholarly journals Advances in Underground Energy Storage for Renewable Energy Sources

2021 ◽  
Vol 11 (11) ◽  
pp. 5142
Author(s):  
Javier Menéndez ◽  
Jorge Loredo
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Energy Storage ◽  
Natural Gas ◽  
Greenhouse Gas ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Coal Fuel

The use of fossil fuels (coal, fuel, and natural gas) to generate electricity has been reduced in the European Union during the last few years, involving a significant decrease in greenhouse gas emissions [...]

Heterogeneous effect of oil production on environmental degradation: panel evidence from OPEC member countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ismail Aliyu Danmaraya ◽  
Aminu Hassan Jakada ◽  
Suraya Mahmood ◽  
Bello Alhaji Ibrahim ◽  
Ahmad Umar Ali
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Oil Production ◽  
The Body ◽  
Energy Sources ◽  
Asymmetric Effect ◽  
Content Type ◽  
Long Run ◽  
Opec Member

Purpose The purpose of this paper is to look at the asymmetric effect of oil production on environmental degradation in OPEC member countries from 1970–2019. Design/methodology/approach The authors build a nonlinear panel ARDL–PMG model using the Shin et al. (2014) nonlinear autoregressive distributed lag (ARDL) approach in panel form to assess both the short- and long-run impact of positive and negative oil production movements on CO2 emissions. Findings The result demonstrates that the variables are cointegrated. According to the linear long run coefficients, oil production, FDI inflows and economic growth both have a positive and significant relationship with CO2 emissions, implying that they deteriorate environmental quality in OPEC countries, while renewable energy has a negative relationship with CO2, implying that increasing renewable energy improves environmental quality. The asymmetric findings prove that positive and negative shocks of oil production exert a positive effect on carbon emissions in short run and long run. Research limitations/implications To begin with, the empirical assessments do not include all OPEC member nations; researchers are advised to resolve this constraint by looking at the economies of other OPEC members. Albeit the lack of data for other energy sources may serve as another constraint of this research, future research is expected to broaden the current framework via other energy sources such as nuclear, electricity, biomass, solar as well as wind. Originality/value The research adds to the body of knowledge as many of the prevailing studies in the literature failed to look at the asymmetric effect of oil production on the quality of environment. This is another gap in the literature that the current study is set out to fill. This study adds oil production as an explanatory variable and helps to extend the existing literature for OPEC countries, which could propose a solution to deal with ensuing environmental issues.

scholarly journals Energy, Emissions and the Economy: Empirical Analysis from Pakistan

2014 ◽  
Vol 53 (4II) ◽  
pp. 383-401 ◽  
Author(s):  
Muhammad Tariq Mahmood ◽  
Sadaf Shahab
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Fossil Fuels ◽  
Kuznets Curve ◽  
Bounds Testing ◽  
Long Run ◽  
Negative Impacts ◽  
Energy Emissions ◽  
Carbon Dioxide Co2

It is now an established fact that the most important environmental problem of our era is global warming.1 The rising quantity of worldwide carbon dioxide (CO2) emissions seems to be escalating this problem. As the emissions generally result from consumption of fossil fuels, decreasing energy spending seems to be the direct way of handling the emissions problem. However, because of the possible negative impacts on economic growth, cutting the energy utilisation is likely to be the “less preferred road”. Moreover, if the Environmental Kuznets Curve (EKC) hypothesis applies to the emissions and income link, economic growth by itself may become a solution to the problem of environmental degradation [Rothman and de Bruyn (1998)]. Coondoo and Dinda (2002), however, argue that both developing and developed economies must sacrifice economic growth. Still, countries may opt for different policies to fight global environmental problems, mainly depending on the type of relationship between CO2 emissions, income, and energy consumption over the long run [Soytas and Sari (2006)]. Hence, the emissions-energy-income nexus needs to be studied carefully and in detail for every economy, but more so for the developing countries. In this paper, we investigate the relationship between energy consumption, CO2 emissions and the economy in Pakistan from a long run perspective, in a multivariate framework controlling for gross fixed capital, labour and exports by employing ARDL bounds testing approach.

Energy Policy Issues in Turkey

2017 ◽  
Vol 6 (3) ◽  
pp. 50-65
Author(s):  
Dilek Temiz Dinç ◽  
Aytaç Gökmen ◽  
Zehra Burçin Kanık
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Production ◽  
Fossil Fuels ◽  
Renewable Energy Resources ◽  
Causality Test ◽  
Long Run ◽  
Renewable Energy Production ◽  
Short Run ◽  
The Republic

Energy is the source of development of the mankind and an indispensable input for economic growth. Currently, most of the energy consumed in the world is composed of fossil fuels which are not environmentally friendly and reliable since their prices are volatile and their supply compels importing countries dependent on energy exporting countries. Thus, a good remedy to reduce fossil fuel dependency is to utilize more renewable energy resources. Renewable resources can be replenished quickly, are almost infinite and would lead a country to sustainable development. The Republic of Turkey is a net importer of energy. The diversification of energy sources and supply security is of great importance for it. Thus, the objective of this study is to analyze the relationship between renewable energy production and economic growth in Turkey by using Johansen Cointegration Test, Vector Error Correction Model (VECM), Granger Causality Test and the Augmented Dickey-Fuller Test (ADF). Consequently, both long run and short run a casualty running from GDP growth to renewable energy production is determined in the study.

scholarly journals Cointegration and Causality Analysis of Dynamic Linkage between Industrial Energy Consumption and Economic Growth in Pakistan

2019 ◽  
Vol 11 (17) ◽  
pp. 4546 ◽  
Author(s):  
Chandio ◽  
Rauf ◽  
Jiang ◽  
Ozturk ◽  
Ahmad
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Electricity Consumption ◽  
Industrial Sector ◽  
Oil Consumption ◽  
Industrial Oil ◽  
Long Run ◽  
Industrial Energy ◽  
Short Run ◽  
Gas Consumption

Energy consumption is a crucial factor to promote industrial sector contribution in an economy for its economic progression. Indeed, Pakistan is an emerging country, but recently adjoining with a very severe deficit of electricity sources. Hence, the industry value added growth leading to economic progression is also fronting inevitable challenges to promote the industry growth. The main objective of the study is to investigate the linkages between industrial sector oil, gas and electricity consumption, and renewable energy consumption with economic development in Pakistan. The findings display evidence of cointegration and a long-run relationship between the consumption of industrial energy and economic growth in Pakistan. The results showed that industrial electricity consumption and industrial gas consumption have a positive and statistically significant impact on economic growth both in the long run and the short run in Pakistan. Industrial oil consumption negatively impacts economic growth in the long run, but positively and statistically significantly impacts economic growth in the short run in Pakistan. Moreover, indications through the vector error correction model (VECM) model confirmed bi-directional relationships of industrial sector oil consumption and economic growth in Pakistan. Furthermore, the uni-directional nexus instituted between economic growth to industrial electricity consumption, industrial gas consumption to industrial electricity consumption, and industrial oil consumption to industrial electricity consumption. The findings uncovered solid interconnections among the studied variables and suggested that the Pakistani government should build a robust policy to diminish the oil, gas, and fossil fuels consumption for electricity production, as a replacement to depend on solar, hydro, wind, and biomass energy sources in Pakistan. Consequently, the government should promote more gas concentrated projects, as these will alleviate the contests of gas dearth and provide it to the industry at cheap prices with ease.

The impact of financial development, economic growth and energy consumption on environmental degradation

2015 ◽  
Vol 26 (5) ◽  
pp. 666-682 ◽  
Author(s):  
Madhu Sehrawat ◽  
A K Giri ◽  
Geetilaxmi Mohapatra
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Environmental Degradation ◽  
Series Data ◽  
Development Economic ◽  
Content Type ◽  
Indian Economy ◽  
Long Run ◽  
The Impact

Purpose – The purpose of this paper is to investigate the impact of financial development, economic growth and energy consumption on environment degradation for Indian economy by using the time series data for the period 1971-2011. Design/methodology/approach – The stationary properties of the variables are checked by ADF, DF-GLS, PP and Ng-Perron unit root tests. The long-run relationship is examined by implementing the Autoregressive Distributed Lag bounds testing approach to co-integration and error correction method (ECM) is applied to examine the short-run dynamics. The direction of the causality is checked by VECM framework and variance decomposition is used to predict exogenous shocks of the variables. Findings – The empirical evidence confirms the existence of long-run relationship among the variables. Financial development appears to increase environmental degradation in India. The main contributors to environmental degradation are: economic growth, energy consumption financial development and urbanization. The results also lend support to the existence of environmental Kuznets curves for Indian economy. Research limitations/implications – The present study suggests that environmental degradation can be reduced at the cost of economic growth or energy efficient technologies should be encouraged to enhance the domestic product with the help of financial sector by improving environmental friendly technologies from advanced economies. Originality/value – This paper proposes to make a contribution to the existing literature through examining the relationship between financial development and environmental degradation in Indian economy during 1971-2011 by employing modern econometric techniques.

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 The Balanced Energy Mix for Achieving Environmental and Economic Goals in the Long Run

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3850
Author(s):  
Anh Hoang To ◽  
Duc Hong Vo
Keyword(s):  
Least Squares ◽  
Fossil Fuels ◽  
Oecd Countries ◽  
Ordinary Least Squares ◽  
Energy Sources ◽  
Scoring Method ◽  
Energy Mix ◽  
Long Run ◽  
Balanced Structure ◽  
Environmental Goals

In this paper, we seek to find a balanced structure of energy sources that can simultaneously achieve two essential goals: (i) the environmental (degradation) goal and (ii) the economic (growth) goal. This study combines quantitative and qualitative methods to estimate and then rank each of the energy sources (including coal, gas, oil, hydropower, and renewable energy) to achieve the above two goals. This paper uses the weighted scoring method, the most popular method in multi-criteria decision-making techniques, to combine the rankings using five energy sources and two goals from panel data of 28 countries from Organization for Economic Co-operation and Development (OECD) countries for the period 1980–2017. Techniques for estimating the mean group long-run effect, including fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS), are used. The empirical findings of this paper reveal that, in the long term, in achieving both environmental goals and economic goals, the OECD countries should consider adopting a balanced energy mix in which the following structure is preferred: (i) hydropower, (ii) renewables and (iii) fossil fuels (oil, gas, coal).

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