In this study, we aimed to assess whether the intensive investments done for renewable energy sources work for reducing environmental deterioration level in India to reach its sustainable development goals and raise environmental quality. To this end, using data from 1995 to 2018, a novel methodology, the Fourier ADL cointegration test, and Bounds test were employed to empirically analyze the long-term steady-state relationship between ecological footprint and renewable and nonrenewable energy sources. Our empirical ndings demonstrate the long-run steady-state associations between coal consumption, solar power generation, wind power generation, and ecological footprint in India. Moreover, the magnitude of the long-term effects of these resources were estimated by employing FMOLS method and the results indicated that solar and wind power generation have a statistically signi cant positive effect on environmental sustainability. In other words, increasing the share of wind and solar power generation in the energy mix led to mitigating the environmental deterioration in India. The ndings also revealed an adverse effect of coal consumption on environmental sustainability in India. These results suggest that the share of solar and wind power generation in the energy mix should be increased in order to mitigate the energy-import dependency and environmental pollution in India.
In this study, we aimed to assess whether the intensive investments done for renewable energy sources work for reducing environmental deterioration level in India to reach its sustainable development goals and raise environmental quality. To this end, using data from 1995 to 2018, a novel methodology, the Fourier ADL cointegration test, and Bounds test were employed to empirically analyze the long-term steady-state relationship between ecological footprint and renewable and nonrenewable energy sources. Our empirical findings demonstrate the long-run steady-state associations between coal consumption, solar power generation, wind power generation, and ecological footprint in India. Moreover, the magnitude of the long-term effects of these resources were estimated by employing FMOLS method and the results indicated that solar and wind power generation have a statistically significant positive effect on environmental sustainability. In other words, increasing the share of wind and solar power generation in the energy mix led to mitigating the environmental deterioration in India. The findings also revealed an adverse effect of coal consumption on environmental sustainability in India. These results suggest that the share of solar and wind power generation in the energy mix should be increased in order to mitigate the energy-import dependency and environmental pollution in India.Jel codes: P18; P48; Q28; Q42
This paper assesses the nexus between natural resource rent, hydropower energy consumption and ecological footprint for environmental sustainability incorporating with economic performance by using yearly data from 1970 to 2017. To this end, the long run steady-state relationship among investigated variables has been analyzed by using newly established Residual Least Squares (RALS) method and confirmed for Turkish economy. The directions and magnitudes of the effects of these variables on ecological footprint were tested by using Dynamic Ordinary Least Squares (DOLS) technique. The findings, except hydropower energy consumption, reveal statistically significant and positive effects of investigated variables on ecological footprint. Moreover, the inverted U-shaped EKC hypothesis was also affirmed between economic performance and ecological footprint. The causal relationship among these variables were also tested by using VECM Granger causality test The unidirectional Granger causality relationships were found that they are running from ecological footprint, and natural resource rent to economic performance, from natural resources to ecological footprint and from natural resource rent to economic performance in Turkish economy. Additionally, the bidirectional causal relationship has been detected among economic performance and ecological footprint in Turkey. The findings highlight the importance of investigated variables on ecological footprint in Turkey.
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