scholarly journals The Impacts of Non-Fossil Energy, Economic Growth, Energy Consumption, and Oil Price on Carbon Intensity: Evidence from a Panel Quantile Regression Analysis of EU 28

2018 ◽  
Vol 10 (11) ◽  
pp. 4067 ◽  
Author(s):  
Cheng Cheng ◽  
Xiaohang Ren ◽  
Zhen Wang ◽  
Yukun Shi
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Quantile Regression ◽  
Oil Price ◽  
Carbon Intensity ◽  
Fossil Energy ◽  
Empirical Results ◽  
Panel Quantile Regression ◽  
Growth Energy ◽  
Quantile Regression Method

This study investigates some determinants of carbon intensity in 28 countries in the European Union (EU), including non-fossil energy, economic growth, energy consumption, and oil price. A panel quantile regression method, which considers both individual heterogeneity and distributional heterogeneity, is applied in this paper. The empirical results imply that the influences of these determinants on carbon intensity are heterogeneous and asymmetric across different quantiles. Specifically, non-fossil energy can significantly decrease carbon intensity, but shows a U-shaped relationship. Economic growth has a negative impact on carbon intensity, especially for medium-emission and high-emission countries. The effects of heating degree days on carbon intensity are positive, although the coefficients are not significant at low quantiles, they become significant from medium quantiles. Besides, we find an inverse U-shaped relationship between crude oil price and carbon intensity. Finally, several relevant policy recommendations are proposed based on the empirical results.

scholarly journals Beta decoupling relationship between CO2 emissions by GDP, energy consumption, electricity production, value-added industries, and population in China

PLoS ONE ◽  
2021 ◽  
Vol 16 (4) ◽  
pp. e0249444
Author(s):  
Rabnawaz Khan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Radiant Energy ◽  
Electricity Consumption ◽  
Value Added ◽  
Electricity Production ◽  
Energy Output ◽  
Fossil Energy ◽  
Growth Energy

The credible sources of fossil energy efficiently are a vital cause of economic growth and considerable influence on adequate security. Whereas radiant energy positively enhances or ostensibly promotes socio-economic stability and the controlled environment. The fossil energy sources supply has become progressively stern in China and reconnoitering the beta decoupling relationships between CO2 emissions, GDP, energy consumption, electricity consumption, value-added industries, and population. The results will be favorable for illustrative the security of the valuable resources. This study adopts the extended stochastic model (STIRPAT) with Beta Decoupling Techniques (BDT). This modern technique merely employs the decoupling situation by the alpha and beta effects from 1989 to 2018 and calculates the % change in CO2 emissions by GDP growth and energy consumption. The estimated results represent negative and economic growth depends on coal and natural gas. First, CO2 emissions annually increasing cause of rapid growth, energy consumption, and electricity production, and the structural contradiction of energy remained static. Second, the Value-added industries estimated that CO2 emissions reduce by primary industries. Third, the decoupling states of CO2 emissions and population show an inverse relationship. This paper tentatively suggests China is sustainable, naturally strengthens energy output, transmutes the energy consumption structure, and advances development policies under environmental circumstances.

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

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