Assessing the impact of transition from nonrenewable to renewable energy consumption on economic growth-environmental nexus from developing Asian economies.

Autor: Mohsin M; School of Finance and Economics, Jiangsu University, Zhenjiang, 212013, China. Electronic address: m.mohsin3801@yahoo.com., Kamran HW; Department of Business Administration, Iqra University, Karachi, Pakistan., Atif Nawaz M; Department of Economics, The Islamia University of Bahawalpur, Pakistan., Sajjad Hussain M; School of Economics, Finance and Banking, Universiti Utara, Malaysia., Dahri AS; Muhammad Ali Jinnah University, Pakistan.
Jazyk: angličtina
Zdroj: Journal of environmental management [J Environ Manage] 2021 Apr 15; Vol. 284, pp. 111999. Date of Electronic Publication: 2021 Feb 05.
DOI: 10.1016/j.jenvman.2021.111999
Abstrakt: Greenhouse gasses have adverse effects on global warming and air pollution and need to be optimized by minimizing the contributing factors. This work analyzes the effects of economic growth and energy resources (renewable and nonrenewable) on the emissions of greenhouse gasses (GHG). A 2000-2016 panel data from 25 developing Asian countries is analyzed through a robust Random Effect (RE) approach and Hausman Taylor Regression (HTR). Findings show a positive correlation between economic growth and energy consumption, while a 1% increase in renewable energy consumption results in a 0.193% decrease in carbon emissions. Economic growth and renewable energy are positively correlated in both the short and long term, which implies a valid feedback hypothesis. The findings indicate the significant contribution of nonrenewable energy resources to greenhouse gas emissions and the positive impact of renewable resources on greenhouse gas emissions' control. Furthermore, this study highlights the potential of developing Asian economies to preserve the environment through more robust regional environmental policies and renewable energy resources. In light of this study's findings, policymakers in Asian developing economies should develop policies on Renewable Energy infrastructure (RE) to improve GDP and reduce greenhouse gas emissions.
(Copyright © 2021 Elsevier Ltd. All rights reserved.)
Databáze: MEDLINE
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