Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran

Karimi, Mohammad Sharif; Ahmad, Sohail; Karamelikli, Hüseyin; Dinç, Dilek Temiz; Khan, Yousaf Ali; Sabzehei, M. T.; Abbas, Syed Zaheer

doi:10.1371/journal.pone.0253464

Cited by 34 publications

(21 citation statements)

References 34 publications

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“…Previous studies on the relationship between RE consumption, emissions, and economic growth indicate that these relationships depend on the level of economic development of a country, and repeatedly confirm the existence of bidirectional relationships between these phenomena [41][42][43][44][45], especially in the long term [46]. Yang et al found evidence that investment in RE projects leads to significant economic growth and reduces emissions risks [47].…”

Section: Importance Of Re Developmentmentioning

confidence: 88%

Renewable Energy and Energy Efficiency: European Regional Policy and the Role of Financial Instruments

Batóg,

Pluskota

2023

Energies

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The study aimed to evaluate whether the regional funds allocated for energy efficiency and renewable energy are related to the quantity of air pollutants discharged and the stage of regional development, and whether the evidence of convergence of regional levels of renewable energy electricity generation can be provided. A comparative analysis of financial instrument implementation within regional programmes was conducted, with a particular focus on instruments dedicated to enhancing energy efficiency and utilising renewable energy. To verify the research hypotheses, statistical coefficients of correlation and concentration, along with trend and econometric models were applied. The findings have confirmed the rise in regional funds for energy efficiency and renewable energy, along with the growing importance of financial instruments in transforming the energy sector. The hypotheses that air pollutant emissions per unit of GDP generated are decreasing, there exists a regional convergence of renewable energy production per capita, and the spatial accumulation of renewable energy production is declining, have been confirmed. No correlation was found between the regional economic development and the level of funds allocated to energy efficiency and renewable energy. The lack of such relationships provides a convincing argument for appropriate state regulation.

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Section: Importance Of Re Developmentmentioning

confidence: 88%

Renewable Energy and Energy Efficiency: European Regional Policy and the Role of Financial Instruments

Batóg,

Pluskota

2023

Energies

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“…More so, Kamiri et al, [39] employed bound tests and asymmetric methodologies in establishing empirical perspectives on REC, CO 2 emissions and GDP, using Iran as a case study. The crux of their study was that in the long run, increased economic growth per capita will ultimately be propelled by REC and GHG emissions.…”

Section: Renewable Energy As An Engine Of Economicmentioning

confidence: 99%

Renewable Energy and Inclusive Economic Development: An African Case Study

Yuni,

Ezenwa,

Urama

et al. 2023

IJSEPM

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Climate change constitutes a major challenge to economic growth and development across the globe as it negatively affects most sectors of the economy. Hence, there has been a global clamour for countries to invest in climate change mitigations. In developing regions like Africa, however, there are high resource limitations, and as such, there is a general opinion that funding climate change mitigation will have a huge opportunity cost of low investment in other development infrastructures, with the likelihood of decreasing economic development. On this premise, this study investigates the impact of renewable energy consumption and output on economic development in Africa. The study employed panel data analysis estimated using the System Generalised Method of Moments for a sample of 43 Sub-Saharan African countries. The results show that an increased share of renewable electricity in total electricity production increased significantly and contributed positively to economic development in Africa. Also, the ratio of renewable electricity to the total electricity consumed had a positive but insignificant effect on economic development. The study thus concludes that an increase in renewable electricity production and consumption does not only mitigate climate change but could also contribute marginally to the economic growth and development of African economies.

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“…Likewise, Karimi et al (2021) investigated the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran during 1975-2017. The authors followed the testing of the limits technique to cointegration and the asymmetric methods in the paper.…”

Section: Literature Reviewmentioning

confidence: 99%

The Causal Nexus between Renewable Energy, CO2 Emissions, and Economic Growth: New Evidence from CIS Countries

Avazkhodjaev

Usmonov²,

Bohdalová³

et al. 2022

IJEEP

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This study examines the long-run and short-run of causal nexus between renewable energy generation, CO2 emissions, and economic growth in selected Commonwealth of Independent States (CIS), namely Azerbaijan, Russian Federation, Belarus, Kazakhstan, and Uzbekistan over the period from 2002M01 to 2020M12. The study uses the nonlinear autoregressive distributed lag (NARDL) model to examine the long-run and short-run asymmetric effects between selected variables under concern. The results of empirical model estimation suggested that renewable energy generation has a significant long-run positive effect on CO2 emissions and economic growth in the economies under study, except Kazakhstan. Indeed, renewable energy has an insignificant negative long-run effect on the economic growth in Kazakhstan. Our empirical results summarized that the short-run coefficients of renewable energy generation have a significant steadily positive effect on carbon emission and economic growth in all selected countries under study. Finally, results of the GIRF analysis provided that the innovation shocks оf renewable energy generation have a positive steady-state impact оn CO2 emissions in the economies of CIS countries. For the policy implication, energy policy must be designed with the development of the economy, the development of the environment, and the use of renewable energy sources in the countries in mind. The promotion of renewable energy sources benefits not only the environment but also the economic conditions of the countries. Thus, economic growth is essential to generate the necessary resources for the research and development of renewable energy technologies and related infrastructure.

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Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran

Cited by 34 publications

References 34 publications

Renewable Energy and Energy Efficiency: European Regional Policy and the Role of Financial Instruments

Renewable Energy and Energy Efficiency: European Regional Policy and the Role of Financial Instruments

Renewable Energy and Inclusive Economic Development: An African Case Study

The Causal Nexus between Renewable Energy, CO2 Emissions, and Economic Growth: New Evidence from CIS Countries

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