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  5. The impact of renewable energy consumption and economic growth on CO₂ emissions: new evidence using panel ardl study of selected countries
 
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The impact of renewable energy consumption and economic growth on CO₂ emissions: new evidence using panel ardl study of selected countries

Journal
International Journal of Energy Economics and Policy
ISSN
2146-4553
Date Issued
2020
Author(s)
Mohd Shahidan Shaari
Universiti Malaysia Perlis
Noorazeela Zainol Abidin
Universiti Malaysia Perlis
Zulkefly Abdul Karim
Universiti Kebangsaan Malaysia
DOI
10.32479/ijeep.9878
Handle (URI)
https://econjournals.com/index.php/ijeep/article/view/9878/5516
https://econjournals.com/index.php/ijeep/article/view/9878
https://hdl.handle.net/20.500.14170/15032
Abstract
Most countries consume more non-renewable energy to generate economic activities. Hence, economic growth plays a vital role in contributing to higher CO₂ emissions. Therefore, this type of energy has reduced and replaced by renewable energy. Renewable energy is said not to be detrimental to the environment. Consequently, it is imperative to examine the effects of renewable energy consumption and economic growth on CO₂ emissions in selected countries by per capita income. Using a sample of high-income, upper-middle-income, and lower middle-income, and low-income countries for the period of 1990-2017, and the estimation method of the panel ARDL, the main results show that in the long run, overall renewable energy consumption can reduce CO₂ emissions. However, economic growth and population growth can result in higher CO₂ emissions in the long term. In the short run, the results show that higher overall economic growth can contribute to higher CO₂ emissions. Contrarily, higher population growth, and renewable energy consumption can help reduce CO₂ emissions in the short run.
Subjects
  • CO2 Emissions

  • Economic Growth

  • Panel ARDL

  • Renewable Energy

File(s)
The impact of renewable energy consumption and economic growth on CO₂ emissions.pdf (438.49 KB)
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