The role of renewable energy and total factor productivity in reducing carbon emissions: A case of top-ranked nations in the renewable energy country attractiveness index DOI Creative Commons
Fakhri Hasanov, Shahriyar Mukhtarov, Elchin Suleymanov

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 361, P. 121220 - 121220

Published: May 27, 2024

On the one hand, economies, particularly developing ones, need to grow. other climate change is most pressing issue globally, and nations should take necessary measures. Such a complex task requires new theoretical empirical models capture this complexity provide insights. Our study uses newly developed framework that involves renewable energy consumption (REC) total factor productivity (TFP) alongside traditional factors of CO2 emissions. It provides policymakers with border information compared models, such as Environmental Kuznets Curve (EKC), being limited income population. Advanced panel time series methods are also employed, addressing data issues while producing not only pooled but country-specific results. 20 Renewable Energy Country Attractiveness Index (RECAI) considered in study. The results show REC, TFP, exports reduce emissions elasticities 0.3, 0.4, respectively. Oppositely, imports increase 0.8 0.3. Additionally, we RECAI countries commonly affected by global regional factors. Moreover, find shocks can create permanent changes levels temporary their growth rates. main policy implication findings authorities implement measures boosting TFP REC. These driven mainly technological progress, innovation, efficiency gains. Thus, they simultaneously promoting long-run green economic growth, which addresses mentioned above some extent.

Language: Английский

Financial market development: A potentiating policy choice for the green transition in G7 economies DOI
Bushra Naqvi, Syed Kumail Abbas Rizvi, Nawazish Mirza

et al.

International Review of Financial Analysis, Journal Year: 2023, Volume and Issue: 87, P. 102577 - 102577

Published: Feb. 11, 2023

Language: Английский

Citations

111
An investigation into the primary causes of carbon dioxide releases in Kenya: Does renewable energy matter to reduce carbon emission? DOI Creative Commons
Liton Chandra Voumik, Mohammad Ridwan, Md. Hasanur Rahman

et al.

Renewable energy focus, Journal Year: 2023, Volume and Issue: 47, P. 100491 - 100491

Published: Sept. 10, 2023

This study estimates the effects of gross domestic product (GDP), population, renewable energy consumption, fossil fuels, and foreign direct investment (FDI) on Kenya's carbon emissions by considering time series data from 1972 to 2021. investigation makes use "Autoregressive Distributed Lag (ARDL)" method, which is grounded in theoretical framework "Stochastic Impacts Regression Population, Affluence, Technology" model known as STIRPAT model. According empirical results, variables have long-run cointegration. lends credence earlier research demonstrating that a rise GDP population can increase country's CO2 emissions. All estimation methods used this also demonstrated growth has negative impact emissions, while positive effect long run. In context ARDL, fuels but not statistically significant. Achieving sustainable development required significant investments infrastructure because reduces Based these findings, policymakers make informed decisions about energy.

Language: Английский

Citations

63
The role of renewable energy and total factor productivity in reducing CO2 emissions in Azerbaijan. Fresh insights from a new theoretical framework coupled with Autometrics DOI Creative Commons
Fakhri Hasanov, Shahriyar Mukhtarov, Elchin Suleymanov

et al.

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 47, P. 101079 - 101079

Published: March 24, 2023

Environmental issues, such as carbon dioxide (CO2) emissions, are humanity's most critical issues. Emissions released by oil-producing countries is not small. This because these have an abundance of fossil fuels with considerably low prices, and the cost using natural sources to obtain energy significantly cheaper than alternative sources. study examined pollution in Azerbaijan, country. It uses a new theoretically grounded framework which consumption-based CO2 emissions function renewable consumption (REC) total factor productivity (TFP), well income, exports, imports. REC TFP only emission-reducing properties but also growth-enhancing benefits are, therefore, very useful be considered environmental policies. Econometric analysis was conducted robustness checks state-of-the-art econometric methodology called Autometrics – machine learning algorithm for model discovery employed. found negatively affected REC. Exports exert negative impact on CO2, while effects income imports positive. Our key policy insights that Azerbaijani policymakers may wish implement policies further promote technological improvements, efficiency gains, transitions energy.

Language: Английский

Citations

56
Does globalization escalate the carbon emissions? Empirical evidence from selected next-11 countries DOI Creative Commons

Tasnim Sultana,

Md. Shaddam Hossain,

Liton Chandra Voumik

et al.

Energy Reports, Journal Year: 2023, Volume and Issue: 10, P. 86 - 98

Published: June 22, 2023

Adverse consequences are observed in developing countries due to the impact of globalization process. Therefore, our study aims empirically verify whether escalates carbon dioxide emissions selected N-11 (next-11) between 1990 and 2019. The also analyzes how per capita GDP, GDP2, population growth, renewable energy consumption affect emissions. For this reason, researchers used several econometric methods, including slope homogeneity test, cross-sectional dependency panel unit root cointegration method moment's quantile regression analysis, Wald test. estimated results show change across a range quantiles (0.1 0.9). findings that GDP significantly impacts overabundance countries. Over time, found positive coefficient value decreased from first last (7.41 5.87), leading validation EKC hypothesis. adverse correlation GDP2 environmental contamination confirms Environmental Kuznets Curve hypothesis is valid for Globalization deteriorates environment by directly affecting CO2 It increases monotonically lower upper (0.972 1.002). At level 0.1 0.9, growth increase impede these Coefficient values 0.9 (-0.35 -0.53) suggest governments can reduce more over time. But negative (-0.97, -0.93, -0.90, -0.88, -0.86, -0.85, -0.83, -0.81, -0.77) decrease quantile. test supports asymmetric effects different quantiles. As robustness check estimators, FMOLS, DOLS, CCR, which variables' long-run elasticity. research developed targeted policy recommendations sustainably mitigating based on above results.

Language: Английский

Citations

55
The trilemma among CO2 emissions, energy use, and economic growth in Russia DOI Creative Commons
Cosimo Magazzino, Marco Mele, Carlo Drago

et al.

Scientific Reports, Journal Year: 2023, Volume and Issue: 13(1)

Published: June 23, 2023

Abstract This paper examines the relationship among CO 2 emissions, energy use, and GDP in Russia using annual data ranging from 1990 to 2020. We first conduct time-series analyses (stationarity, structural breaks, cointegration, causality tests). Then, we performed some Machine Learning experiments as robustness checks. Both approaches underline a bidirectional causal flow between use emissions; unidirectional link running emissions real GDP; predominance of “neutrality hypothesis” for use-GDP nexus. Therefore, conservation measures should not adversely affect economic growth path country. In current geopolitical scenario, relevant policy implications may be derived.

Language: Английский

Citations

46
A different look at the environmental Kuznets curve from the perspective of environmental deterioration and economic policy uncertainty: evidence from fragile countries DOI
Ahsan Anwar, Abdülkadir Barut, Fahrettin Pala

et al.

Environmental Science and Pollution Research, Journal Year: 2023, Volume and Issue: 31(34), P. 46235 - 46254

Published: Aug. 2, 2023

Language: Английский

Citations

33
The determinants of ecological footprint in the UK: The role of transportation activities, renewable energy, trade openness, and globalization DOI
Babatunde Sunday Eweade, Hasan Güngör, Selin Karlılar

et al.

Environmental Science and Pollution Research, Journal Year: 2023, Volume and Issue: 30(58), P. 122153 - 122164

Published: Nov. 15, 2023

Language: Английский

Citations

32
Are research and development on energy efficiency and energy sources effective in the level of CO2 emissions? Fresh evidence from EU data DOI
Faik Bilgili, Daniel Balsalobre‐Lorente, Sevda Kuşkaya

et al.

Environment Development and Sustainability, Journal Year: 2023, Volume and Issue: 26(9), P. 24183 - 24219

Published: Aug. 7, 2023

Language: Английский

Citations

31
Striving towards carbon neutrality in emerging markets: the combined influence of international tourism and eco-friendly technology DOI
Solomon Prince Nathaniel, Chikaodili Josephine Solomon, Kazeem Bello Ajide

et al.

International Journal of Sustainable Development & World Ecology, Journal Year: 2023, Volume and Issue: 30(7), P. 760 - 775

Published: April 4, 2023

ABSTRACTIn the past few decades, tourism and hospitality sector has not only witnessed significant growth but also contributed tremendously to economic progress with lease inputs. This fastest-growing creates a number of environmental challenges, especially in emerging markets where carbon footprint constitutes large share CO2 emissions. study explores effect international tourism, renewable energy consumption (REN), eco-friendly technology on emissions markets. The AMG, Driscoll-Kraay Prais-Winsten regression confirm adverse effects environment, whereas technological innovation REN mitigate Furthermore, population increase emissions, while foreign direct investment (FDI) reduces Although is insignificant, indirect impact negative statistically significant; confirming moderating relationship between MMQR results suggest that across all quantiles. On other hand, significantly lower median quantiles, reduce Various directions causality were reported alongside relevant policy directions.KEYWORDS: International tourismrenewable consumption, technologyMMQRemerging marketsecological Data availability statementData used are available form http://data.footprintnetwork.org., https://data.worldbank.org , https://www.oecd-ilibrary.org/environment/patents-on-environment-technologies/indicator/english_fff120f8-en.Disclosure statementNo potential conflict interest was by authors.Additional informationFundingNo funding received for this study.

Language: Английский

Citations

30
The role of green finance and renewable energy in shaping zero-carbon transition: evidence from the E7 economies DOI

Edori Onisogen Simeon,

Hongxing Yang, Agyemang Kwasi Sampene

et al.

International Journal of Environmental Science and Technology, Journal Year: 2024, Volume and Issue: 21(10), P. 7077 - 7098

Published: Jan. 31, 2024

Language: Английский

Citations

16