Examining the effectiveness of low-carbon strategies in South Asian countries: the case of energy efficiency and renewable energy
| Autor: | Bamadev Mahapatra, Raj Kumar Ojha, Mohd Irfan |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Distributed lag
Estimation Economics and Econometrics Short run business.industry Natural resource economics Geography Planning and Development 0211 other engineering and technologies 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences Renewable energy Greenhouse gas Sustainability Economics 021108 energy business 0105 earth and related environmental sciences Panel data Efficient energy use |
| Zdroj: | Environment, Development and Sustainability. 23:11936-11952 |
| ISSN: | 1573-2975 1387-585X |
| DOI: | 10.1007/s10668-020-01150-w |
| Popis: | This paper examines the impact of energy efficiency (EE) and renewable energy (RE) on carbon emissions, using a panel data of South Asian countries over the period 1990–2014. The empirical investigation involves the estimation of a panel autoregressive distributed lag model in a multivariate framework by employing the pooled mean group estimator. The estimates are presented for homogenous long-run effects and heterogeneous (country-specific) short-run effects of EE and RE on carbon emissions. The estimated results suggest that a cointegrating link is evident between carbon emissions, EE and RE in South Asian countries, especially after controlling the effects of economic growth and trade openness. The homogenous coefficient estimates reveal that in the long run, carbon emissions decline with a rise in RE, but emissions increase with an improvement in EE. Moreover, heterogeneous coefficient estimates indicate that in the short run, both low-carbon strategies (EE and RE) are effective for India and Nepal. However, only one strategy is effective for Pakistan, Bangladesh and Sri Lanka, that is, RE, RE and EE, respectively. The findings of this study provide new and valuable insights about the impact of EE and RE on carbon emissions in South Asian countries. Based on the results of this study, several crucial suggestions and implications are deliberated to promote long-term environmental sustainability in the region. |
| Databáze: | OpenAIRE |
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