scholarly journals Investigating Carbon Emissions from Electricity Generation and GDP Nexus Using Maximum Entropy Bootstrap: Evidence from Oil-Producing Countries in the Middle East

Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3518
Author(s):  
Zeinab Zanjani ◽  
Pedro Macedo ◽  
Isabel Soares

The maximum entropy bootstrap for time series is applied in this study to investigate the nexus between carbon emissions from electricity generation and the gross domestic product, using a bivariate framework for eight Middle Eastern countries between 1995 and 2017. The sample under study includes oil-producing countries such as Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. As the electricity generation in these economies relies mainly on oil and gas, finding out the existence and direction of the relationship between the two considered variables has remarkable implications for policymakers and governments in these countries to achieve both higher economic growth and environmental protection. As expected, this nexus is validated for all countries in the sample but not in all models, time periods, and lags. Therefore, policymakers can set appropriate electricity conservation policies based on these varied empirical findings to boost economic growth with minimum environmental degradation.

2021 ◽  
Author(s):  
Ubedullah Ansari ◽  
Najeeb Anjum Soomro ◽  
Farhan Ali Narejo ◽  
Shafquat Ali Baloch ◽  
Faiz Ali Talpur

Abstract The middle eastern countries including United Arab Emirates (UAE) have enjoyed the energy production from hydrocarbon resource for a very long period. Indeed, now various countries in this region has shifted to alternative resources of power generation with cheaper and cleaner sources. Geothermal is the top of the list among those sources. Therefore, this study presents an ultimate model converting abandoned oil and gas wells into subsurface geothermal recovery points. Fundamentally, this study offers a geo-thermo-mechanical model of abandoned wellbore which can help in developing an optimistic geothermal energy not only from subsurface thermal reserve but also from abandoned casing and pipes installed in Wellbores. In this approach the source of heat is thermally active rock formations and the metallic pipes that are present in wellbores drilled through hot dry rocks. In the model the already drilled wells are incorporated as medium of heat flow in which water in injected and brought back to surface along with thermal impact. The results of this study revealed that, at the depth of 6000 m of high temperature wellbore the temperature is above 85°C and at this temperature the metallic casings further rise the reserve temperature thus the conversion of water into steam can be processed easily. Moreover, at high depths the stability of wellbore is also issue in high temperature formation, so mechanical model suggests that injection of water and conversion into steam in already cased wellbore can sustain up to 6 MPa stress at around 100C. Thus, the geo-thermo-mechanical model of wellbore will illustrate the possibility of converting water into steam and it will also reveal the average amount of heat that can be generated from a single well. henceforth, the thermal recovery from abandoned wells of UAE is best fit solution for clean energy. The abandoned wells are used as conduit to transport heat energy from subsurface by using water as transport medium, as water at surface temperature is injected in those wellbores and let thermal energy convert that water into steam. Later the steam is returned to surface and used as fuel in turbines or generators.


2013 ◽  
Vol 869-870 ◽  
pp. 746-749
Author(s):  
Tian Tian Jin ◽  
Jin Suo Zhang

Abstract. Based on ARDL model, this paper discussed the relationship of energy consumption, carbon emission and economic growth.The results indicated that the key to reduce carbon emissions lies in reducing energy consumption, optimizing energy structure.


2019 ◽  
Vol 16 (3) ◽  
pp. 316-333
Author(s):  
Allam Mohammed Hamdan ◽  
Reem Khamis ◽  
Ammar Abdulla Al Hawaj ◽  
Elisabetta Barone

Purpose The purpose of this paper is to investigate the mediation role of public governance in the relationship between entrepreneurship and economic growth in the United Arab Emirates (UAE). Design/methodology/approach To achieve this aim, the study uses a 20-year time series analysis (1996–2015) and tests the effect of entrepreneurship on economic growth, through public governance, via a mediator model. Findings The study has determined that public governance buoys the positive effect that entrepreneurship activities exert on economic growth in the UAE. Based on this determination, the study posits a set of recommendations that focus on supporting entrepreneurship activities that play a significant role in economic growth. Originality/value The study adds to the literature on the impact of entrepreneurship on economies dependent on oil revenues vis-à-vis a public policy perspective. The study provides insights into the type of entrepreneurship that most efficaciously suits the Emirati social and cultural milieu in terms of fostering national economic growth. In addition, the study limns a vision of the role of public governance in creating an enabling environment that stimulates entrepreneurial activity and, in turn, increases economic growth in the Emirates.


Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2411 ◽  
Author(s):  
Yu Hao ◽  
Zirui Huang ◽  
Haitao Wu

Global warming has emerged as a serious threat to humans and sustainable development. China is under increasing pressure to curb its carbon emissions as the world’s largest emitter of carbon dioxide. By combining the Tapio decoupling model and the environmental Kuznets curve (EKC) framework, this paper explores the relationship between China’s carbon emissions and economic growth. Based on panel data of 29 provinces from 2007 to 2016, this paper quantitatively estimates the nexus of carbon emissions and economic development for the whole nation and the decoupling status of individual provinces. There is empirical evidence for the conventional EKC hypothesis, showing that the relationship between carbon emissions and per capita gross domestic product (GDP) is an inverted U shape and that the inflection point will not be attained soon. Moreover, following the estimation results of the Tapio decoupling model, there were significant differences between individual provinces in decoupling status. As a result, differentiated and targeted environmental regulations and policies regarding energy consumption and carbon emissions should be reasonably formulated for different provinces and regions based on the corresponding level of economic development and decoupling status.


2020 ◽  
pp. 713-727
Author(s):  
Xiaohui Wang, Xin Zhang

The study on the relationship between investment in environmental governance, carbon emission and economic growth is helpful for the relevant government departments to coordinate the influence among them when formulating the policies of reducing emission and conserving energy, so as to take the comparative advantages of various factors and promote the benign interaction between economic development and environmental governance. In this paper, the data of Per capita GDP, per capita investment in environmental governance and per capita CARBON dioxide emissions in China from 2000 to 2019 are selected as the research basis, and variables are studied by means of Granger causality and impulse response function. As shown in the results, there is a single Granger relationship between investment in environmental governance and carbon emissions, that is, the increase of investment in environmental governance leads to the reduction of carbon emissions. The influence of economic growth on environmental governance investment is small, but in the long term, it can restrain the growth of carbon emissions. Investment in environmental governance can promote economic growth and stimulate a reduction in the emissions in the short term; Economic growth was hindered by the emissions in the long term and fail to stimulate increased investment in environmental governance. Based on these findings, this paper proposes policy Suggestions for optimizing the structure of environmental governance investment, improving the carbon emission monitoring and response mechanism, and strengthening the technological level of energy conservation and emission reduction.


Author(s):  
Nicholas M. Odhiambo

In this paper we examine the causal relationship between CO2 emissions and economic growth in South Africa - using the newly developed ARDL-Bounds testing approach. We incorporate energy consumption in a bivariate causality setting between CO2 emissions and economic growth, thereby creating a simple trivariate model. Our empirical results show that there is a distinct unidirectional causal flow from economic growth to carbon emissions in South Africa. We also find that energy consumption Granger-causes both carbon emissions and economic growth. We recommend that energy conservation policies, as well as appropriate forms of renewable energy, should be explored in South Africa in order to enable the country to reduce its carbon emission footprint without necessarily sacrificing its output growth. The results apply irrespective of whether the causality is estimated in the short or in the long run.


Author(s):  
Mounther Barakat ◽  
Edward Waller

This paper studies the relationship between financial intermediation and economic growth in a sample of Middle Eastern countries.  The results are consistent with the hypothesis that a well-functioning banking system promotes economic growth.  Moreover, the results suggest that market-specific factors may hinder financial markets’ ability to play hypothesized roles, while enhancing the role of intermediaries.  The paper’s general conclusion is that financial development does affect economic growth.  However, market specific factors affect the magnitude and significance of this effect.  The implication is that studies should control for market-specific factors to assess the relationship between financial development and growth.


2019 ◽  
Vol 2 (3) ◽  
pp. 128
Author(s):  
Rauzatul Ulfa ◽  
Devi Andriyani

This study aims to analyze the Factors Affecting Non-Oil and Gas Commodity Exports in Indonesia in 1985-2017. The data used in this study are secondary data obtained from www.bps.go.id. The method used to analyze the relationship between the independent variables and the dependent variable is the multiple linear regression method. The results of the study partially showed that economic growth had a positive and significant effect on the exports of non-oil and gas commodities in Indonesia, the exchange rate and inflation did not affect the exports of non-oil and gas commodities in Indonesia. Simultaneously, the rate of economic growth and inflation had a positive and significant effect on non-oil and gas commodity exports in Indonesia.


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