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.

scholarly journals Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 332
Author(s):  
Janusz Grabara ◽  
Arsen Tleppayev ◽  
Malika Dabylova ◽  
Leonardus W. W. Mihardjo ◽  
Zdzisława Dacko-Pikiewicz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Direct Investment ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Integration Test ◽  
The Relationship

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

The Effect of Population, Public Investments, and Economic Growth on Regional Renewable Energy Consumption in Turkey

2021 ◽  
pp. 491-504
Author(s):  
Özlem Karadağ Albayrak
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Panel Data ◽  
Renewable Energy Sources ◽  
Regional Scale ◽  
Dynamic Panel Data ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Public Investments

Making the use of renewable energy sources widespread is of paramount importance for Turkey as for all countries. In this regard, the determiners of renewable energy consumption have been investigated. The effect of determining or factors affecting the use of renewable energy sources on a regional scale to Turkey were examined with different qualitative and quantitative research techniques. In this study, the factors of economic growth, public investments, and population are analyzed by considering regional differences on the consumption of renewable energy resources. The effect of regional economic growth, regional public investments, and regional population on the amount of regional renewable energy consumption were investigated by using panel data of 26 statistical regions of Level-2 classification in the period between 2010-2018 in Turkey. The results obtained by the dynamic panel data analysis concluded that economic growth and public investments at the regional level increased renewable energy consumption while the population growth decreased.

scholarly journals Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan

2020 ◽  
Vol 17 (14) ◽  
pp. 5154 ◽  
Author(s):  
Nabila Abid ◽  
Jianzu Wu ◽  
Fayyaz Ahmad ◽  
Muhammad Umar Draz ◽  
Abbas Ali Chandio ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Human Development ◽  
Environmental Sustainability ◽  
Human Development Index ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Long Run

Energy acts as a catalyst to boost the human development index (HDI) in a country. However, the overuse of energy leads to environmental deterioration, which is a byproduct of economic development. Due to the utilization of non-renewable energy sources for a long time, worldwide environmental conditions have become alarming. This study investigates the relationship between renewable and non-renewable energy consumption, economic growth, environmental sustainability, and the human development index (HDI) in Pakistan. The investigation incorporates population growth and technology variables to form a multivariate framework. We use a fully modified ordinary least squares (FMOLS) approach to time-series data from 1990–2017. To check the robustness of estimations, we apply the Gregory–Hansen test with a causality test under the VECM to confirm this association’s directions. Our findings confirm that non-renewable energy sources have a positive association with economic growth and CO2 emissions. However, human development, technology, and renewable energy boost economic development and reduce environmental pollution in Pakistan. The co-integration results confirmed the long run connectivity among all variables. The causality outcomes support the bidirectional causality between renewable and non-renewable energy consumption, economic growth, and CO2 emissions, both in the short and long run. These outcomes suggest that Pakistan should focus on energy shifts and gradually increase the share of renewables in its energy mix under the China Pakistan Economic Corridor (CPEC). Additionally, the government should increase human and technological development to enhance economic and environmental sustainability.

Energy Resources and Their Consumption

2022 ◽  
pp. 267-276
Author(s):  
Harpreet Kaur Channi
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Primary Source ◽  
Energy Sources ◽  
Total Capital ◽  
Growth Economic

Power is a significant cause of economic growth and crucial to the sustainability of the economy. Energy consumption is an indicator of a nation's economic growth. Economic growth is focused, among other aspects, on the long-term acquisition of affordable, existing resources, and their use does not pollute the environment. Industrialization serves economic growth and consumes energy. In 2018, 68% of total capital power was consumed by largest energy-intensive areas. When fossil fuel is the primary source of energy, energy consumption is positively correlated with ecosystem cleanliness. Fossil fuels account for more than 70% of the decent energy expectations of India and other economies. In this chapter, problems related to non-renewable energy sources are discussed, and emphasis is given to use more renewable sources.

scholarly journals Renewable Energy and Economic Growth: Evidence from European Countries

2018 ◽  
Vol 10 (8) ◽  
pp. 2626 ◽  
Author(s):  
Stamatios Ntanos ◽  
Michalis Skordoulis ◽  
Grigorios Kyriakopoulos ◽  
Garyfallos Arabatzis ◽  
Miltiadis Chalikias ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
European Countries ◽  
Energy Sources ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Fixed Capital Formation

This paper aims at examining the relationship between energy consumption deriving from renewable energy sources, and countries’ economic growth expressed as GDP per capita concerning 25 European countries. The used dataset involves European countries’ data for the period from 2007 to 2016. The statistical analysis is based on descriptive statistics, cluster analysis, and autoregressive distributed lag (ARDL), and reveals that all variables are related; this suggests a correlation between the dependent variable of GDP and the independents of renewable energy sources (RES) and Non-RES energy consumption, gross fixed capital formation, and labor force in the long-run. Furthermore, the results show that there is a higher correlation between RES’ consumption and the economic growth of countries of higher GDP than with those of lower GDP. The obtained results are consistent with other papers reviewed in this study.

scholarly journals The relationship between energy consumption, economic growth and carbon dioxide emissions in Pakistan

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Muhammad Kamran Khan ◽  
Muhammad Imran Khan ◽  
Muhammad Rehan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Environmental Degradation ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Renewable Energy Sources ◽  
Series Data ◽  
Energy Sources

AbstractDeveloping countries are facing the problem of environmental degradation. Environmental degradation is caused by the use of non-renewable energy consumptions for economic growth but the consequences of environmental degradation cannot be ignored. This primary purpose of this study is to investigate the nexus between energy consumption, economic growth and CO2 emission in Pakistan by using annual time series data from 1965 to 2015. The estimated results of ARDL indicate that energy consumption and economic growth increase the CO2 emissions in Pakistan both in short run and long run. Based on the estimated results it is recommended that policy maker in Pakistan should adopt and promote such renewable energy sources that will help to meet the increased demand for energy by replacing old traditional energy sources such as coal, gas, and oil. Renewable energy sources are reusable that can reduce the CO2 emissions and also ensure sustainable economic development of Pakistan.

scholarly journals Analysis of the RES Potential in Accordance with the Energy Policy of the European Union

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6030
Author(s):  
Tomasz Jałowiec ◽  
Henryk Wojtaszek
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
European Union ◽  
Renewable Energy ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Developed Countries ◽  
Energy Sources ◽  
The European Union

There is a need to reduce carbon-based energy and replace it with clean energy in order to counteract the negative effects of climate change. The increase in renewable energy sources may result in savings and the increasing cost of maintaining carbon-based energy. Worldwide involvement is required. The fulfillment of conditions by individual states does not solve the problem. The COVID-19 pandemic has slowed economic growth. It turns out that economic growth is not always associated with increased investments in RES (existing or emerging new clean energy points). We have a new epidemiological threat—Delta—which could become large. This will not improve the situation. Germany is an exemplary country for benchmarking in the field of renewable energy. The worrying fact is that Poland, despite economic growth, does not achieve an even growth in RES. Each of us is required to be involved, to be open to innovation and to act in accordance with the energy policy of the European Union. Basic management functions (planning, organizing, motivating and controlling) are also essential. Failure to meet the demands of the energy policy should be thoroughly verified and consequences should be drawn in order to involve the whole world. The authors thoroughly analyzed many factors that have a significant impact on the success in stopping climate change and increasing RES. With the increase in energy demand, renewable energy is introduced to a greater extent. Additionally, coal energy will be more expensive to maintain. The more RES, the more expensive the energy obtained from mine sources. The investment is an opportunity to meet the demands of RES, but investors are currently only interested in investing in renewable energy in highly developed countries. The decision-making process regarding the implementation of renewable energy sources not only consists in a radical decision to introduce changes, but also in the fulfillment of a number of assumptions regarding the energy policy controlled by the authorities of a given state as part of this action. There is a risk (fear) in underdeveloped countries that they will not be able to finalize this project, either due to the lack of investor interest or the lack of real opportunities due to the failure to meet the guidelines of the energy policy of a given country. It is advisable that state governments facilitate the process as much as possible so that even less developed countries could take advantage of this postulate.

scholarly journals A Research on the Factors Influencing Carbon Emission of Transportation Industry in “the Belt and Road Initiative” Countries Based on Panel Data

Energies ◽  
2019 ◽  
Vol 12 (12) ◽  
pp. 2405 ◽  
Author(s):  
Changzheng Zhu ◽  
Dawei Gao
Keyword(s):  
Energy Consumption ◽  
Panel Data ◽  
Carbon Emissions ◽  
International Energy Agency ◽  
Belt And Road Initiative ◽  
Transportation Industry ◽  
Consumption Structure ◽  
Positive Effects ◽  
Belt And Road ◽  
The Belt And Road

Carbon emissions in countries in the “Belt and Road Initiative (BRI)” account for more than half of the world’s total volume. According to the international energy agency report, the world transportation industry carbon emissions in 2015 came second on the list for the proportion of global carbon emissions across all industries, accounting for 23.96% of the total. Along with the advancement of the BRI construction, transportation industry carbon emissions will continue their rapid growth. Therefore, studying the factors affecting the carbon emissions of the transportation industry in countries in the BRI is conducive to the formulation of policies to control carbon emissions. In this paper, the CO2 emissions of the transportation industry in countries in the BRI line from 2005 to 2015 were measured, and then the influencing factors of 57 countries in the BRI were analyzed by using the panel data model. The results show that per capita GDP, urbanization level, and energy consumption structure have positive effects on the carbon emissions of transportation industry, while technology level and trade openness have negative effects on carbon emissions of the transportation industry. Therefore, in order to effectively control the carbon emissions of the transportation industry in the BRI countries, it is necessary to reasonably control the transportation industry carbon emissions caused by urbanization, optimize the energy consumption structure of the transportation industry, optimize the structure of the transportation industry, and improve the openness of trade and the technical level of the BRI countries.

scholarly journals Evaluation of the Effects on Regional Production and Employment in Spain of the Renewable Energy Plan 2011–2020

2021 ◽  
Vol 13 (6) ◽  
pp. 3587
Author(s):  
Miguel Blanco ◽  
Marcos Ferasso ◽  
Lydia Bares
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Regional Level ◽  
Energy Sources ◽  
Regional Production ◽  
Final Energy Consumption ◽  
General Goal ◽  
Constant Shift

The Renewable Energy Plan for the period 2011–2020 established as a general goal to ensure that renewable sources represent at least 20% of final energy consumption in 2020, together with a minimum contribution of 10% from renewable energy sources in transportation for that year. Then, the goal of this research is to evaluate the effects of the regional production of clean energy, identifying the employment generated in the renewable sector. The adopted methodology was the shift-share analysis, frequently used by researchers to analyze territorial differences. Main results showed important differences, at regional level, in the production of this type of energy. Likewise, we used constant shift and constant share methodology to make a forecast on the evolution of the sector from the data of last published years. Pending the approval of the new Renewable Energy Plan for the period 2021–2030, the results obtained in this research allow the identification of the regions that showed a favorable evolution to the energy change and identifies the projects that generate employment and production in the sector.

scholarly journals Use of Renewable Energy in Buildings

2021 ◽  
Author(s):  
İzzet Yüksek ◽  
İlker Karadağ
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Environmental Issues ◽  
Clean Energy ◽  
Energy Sources ◽  
Geothermal Resources ◽  
Public Building ◽  
The Right

Owing to factors such as high living standards and digitalization, energy use is growing. However, the proportion of renewable energy sources is also rising in all energy consumption. Given this use of renewable energy, global warming and environmental issues are still rising. Fossil-based energy species are more polluting and resource-stricken than others. Studies on environmental pollution show that fossil-based energies are the most important pollutants. Fossil-based energy source is still the most consumed type of energy. Besides, the renewable energy sources’ consumption is very low. Therefore, it is important to increase the use of renewable energy, which creates cleaner and less emissions. Buildings should have the right clean energy use incentives. The needs such as heating, refrigeration, and lighting can be met by renewable energy. This research aims to explore and demonstrate how renewable energy can profit when fulfilling public building functions. Through using both conventional methods and creative methods together, the rate of use of renewable resources such as solar, wind, and geothermal resources in buildings can be increased. Therefore, major contributions to reducing the environmental issues caused by energy consumption can be made.

Sign in / Sign up

Export Citation Format

Share Document