scholarly journals Sustainable Economic Development and Greenhouse Gas Emissions: The Dynamic Impact of Renewable Energy Consumption, GDP, and Corruption

Energies ◽  
2019 ◽  
Vol 12 (17) ◽  
pp. 3289 ◽  
Author(s):  
Vasylieva ◽  
Lyulyov ◽  
Bilan ◽  
Streimikiene

The paper investigates the relationships between economic, social, and environmental dimensions of sustainable development. GDP growth represents the main economic dimension, greenhouse gas (GHG) emissions and renewable energy consumption the environmental dimension, and corruption the social dimension of sustainable development. The investigation of these relationships is based on the concept of the Environmental Kuznets Curve hypothesis about the non-linear relationship between economic growth and environmental pollution. The authors used the panel data of EU countries and Ukraine for 2000–2016 years from the Eurostat database. The obtained results confirmed the Environmental Kuznets curve hypothesis for the EU and Ukraine. All the indicators were statistically significant at 1% and 5% levels. The findings proved that increasing renewable energy (RE) by 1% led to a decline of GHG in the interval (0.166103, 0.220551), and аn increase of the Control of Corruption Index by 1% provoked a decline of GHG by 0.88%. The conducted study enabled the authors to conclude that Ukraine needs to increase the GDP level per capita given the economy diversification and via the introduction of more effective and “clean” production technologies.

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3302
Author(s):  
Mihaela Simionescu ◽  
Adam Wojciechowski ◽  
Arkadiusz Tomczyk ◽  
Marcin Rabe

Sustainable development can be achieved when economic development does not produce environmental deterioration. In this context, the aim of the paper is to evaluate the effects of economic development on GHG emissions in the Baltic States (Latvia, Letonia, and Lithuania), and in Hungary, the Czech Republic, Slovakia, and Poland (the Visegrád Group or V4 countries) in the period of 1996–2019. The study introduces dynamic ARDL panels in the context of the traditional environmental Kuznets curve (EKC) and renewable Kuznets curve (RKC). The results indicated an inverse-N-shaped and a U-shaped pattern. Energy consumption and labour productivity enhanced pollution, while domestic credit to the private sector, as a share of GDP, and renewable energy consumption supported environmental protection. The implications of these results might help these countries to achieve the targets of the European Green Deal related to the reduction of pollution and the attainment of net zero emissions by 2050. However, national regulations should further promote the use of renewable energy sources.


2020 ◽  
Vol 12 (21) ◽  
pp. 9150 ◽  
Author(s):  
Cem Ișik ◽  
Munir Ahmad ◽  
Uğur Korkut Pata ◽  
Serdar Ongan ◽  
Magdalena Radulescu ◽  
...  

This paper analyzes the legitimacy of the Environmental Kuznets Curve (EKC) hypothesis for a group of seven (G7) countries over the period 1995–2015. In addition to testing the EKC speculation, the authors also would like to understand the ways in which increases in renewable energy consumption and the international tourism receipt affect the CO2 emissions in G7 countries, because the energy and tourism sectors may have considerable direct impacts on CO2 emissions. In this investigation, a panel bootstrap cointegration test and an augmented mean group (AMG) estimator were applied. The empirical findings indicate that the tourism-induced EKC hypothesis is valid only for France. Additionally, it was detected that a rise in renewable energy consumption has a negative (reduction) impact on CO2 emissions in France, Italy, the UK, and the US. However, an increase in the receipt of international touristm has a positive (additional) impact on Italy’s CO2 emissions. Hence, this country’s decision-makers should re-review their tourism policy to adopt a renewable-inclusive one for sustainable tourism and the environment.


2018 ◽  
Vol 10 (9) ◽  
pp. 3327 ◽  
Author(s):  
Mihaela Sterpu ◽  
Georgeta Soava ◽  
Anca Mehedintu

This study analyses the relationship between per capita greenhouse gas (GHG) emissions, gross domestic product, gross inland energy consumption, and renewable energy consumption for a panel of 28 countries of European Union in the period 1990–2016. Two theoretical models, a quadratic and a cubic one, are used to estimate the shape of the environmental curve and to test the Kuznets hypothesis. The panel cointegration approach proved the existence of long-run equilibrium relations among the four macroeconomic indicators. Empirical estimations, using panel data techniques, as well as heterogeneous regression for each individual country in the panel, show non-conclusive evidence for the environmental Kuznets curve (EKC) hypothesis. The least square estimates, with the variables in log per capita form, reveal that the inverted U-shaped EKC hypothesis is verified for the panel and for 17 of the 28 EU countries. Estimates of the cubic model show that the environmental curve has an inverted N-shaped form. These results do not hold when the values are in non-logarithmic form. In addition, the estimations for all models show that an increase of gross energy consumption leads to an increase of GHGs, while an increase of renewable energy consumption leads to a reduction in GHG emissions.


2013 ◽  
Vol 4 (2) ◽  
pp. 117-122
Author(s):  
J. T. Kiss ◽  
I. Kocsis

Abstract Energy efficiency measures and the enhancement of investments in renewable energy play important role in sustainable development and lead to advancement of competitiveness of national economies. The increase of renewable energy consumption and the reduction of greenhouse gas emissions are significant stages of the process to achieve the main purposes of sustainable development at global and national levels. In this paper the change in the share of renewable energy in gross final energy consumption and in the greenhouse gas emissions intensity in Hungary between 2004 and 2011 is investigated. It is demonstrated that the share of the renewable energy in gross inland energy consumption increased during the examined period. The measure and the tendency of the change in Hungary show similarity to the EU 27 average. The greenhouse gas emissions intensity of energy consumption decreased in Hungary between 2004 and 2011. According to the data, the decrease is the second largest among the European Member States.


2021 ◽  
Author(s):  
Nhan Dang Tran ◽  
Naresh Chandra Sahu

Abstract While coal leads energy structure in a rapid growth economy like Vietnam, there exist efforts to increase the use of renewable energy and at the same time to reduce greenhouse gas emissions. This paper aims to investigate whether there is an inverted U environmental Kuznets curve (EKC) relation between income and coal consumption from 1984 to 2019 using the nonlinear autoregressive distributed lag (NARDL) framework. We find that the income elasticities of coal consumption are larger than unity and increase monotonically with income. It thus reveals that the income-coal consumption relationship resembles an upward-sloping curve instead of an inverted U-shaped curve. We also find that coal consumption reduces with the one percent increase in the share of renewable energy consumption by less than it increases with the one percent decrease in the share of renewable energy consumption. Despite this, it indicates that the substitution of renewable energy for coal seems more substantial with policy improvements. Moreover, we find that the quantity of coal consumed grows with positive oil price shocks. It suggests that rising oil prices play an undesirable role in reducing coal consumption and associated emissions. Finally, the study provides policy implications for interventions to achieve committed emission targets.


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