Impact of economic policy uncertainty on CO2 emissions: evidence from top ten carbon emitter countries

Anser, Muhammad Khalid; Apergis, Nicholas; Syed, Qasim Raza

doi:10.1007/s11356-021-12782-4

Cited by 137 publications

(73 citation statements)

References 65 publications

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“…For countries in our samples, the economic contraction caused by high EPU overwhelms the neglected implementation of environmental regulation, reduced commitments on environmental protection of enterprises, as well as the higher use of cheaper but more polluted energy sources. While this outcome con rms the signi cantly environmental impact of EPU, it is different from empirical literature that indicate a positive long-run relationship between two variables (Adams et al, 2020;Adedoyin et al, 2021;Anser et al, 2021;Danish et al, 2020;Sohail et al, 2021;Yu et al, 2021). 2) and (3).…”

Section: Model Speci Cation and Estimation Methodscontrasting

confidence: 93%

“…In the United Kingdom, EPU reduces the growth of carbon dioxide emissions in the short-term but yields a harmful effect in the long-term (Adedoyin and Zakari, 2020). With regard to the latter group, Anser et al (2021) explore the impact of world uncertainty index on carbon dioxide emissions in top ten carbon emitter countries.…”

Section: Brief Literature Reviewmentioning

confidence: 99%

“…Yu et al (2021) speculate that the EPU can in uence rm emissions through three channels, including innovation, share of fossil fuels, and energy intensity. However, the relationship between EPU and environmental quality has been empirically investigated by a limited number of research on international level (Adedoyin et al, 2021;Anser et al, 2021;Pirgaip and Dincergok, 2020), national level (Adedoyin and Zakari, 2020;Danish et al, 2020;Yu et al, 2021), and sectoral level (Jiang et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Environmental quality and the role of economic policy uncertainty, economic complexity, renewable energy, energy intensity: the case of G7 countries

Chu

2021

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This study explores the environmental impacts of economic policy uncertainty, economic complexity, renewable energy, and energy intensity for G7 countries. To this end, the study employs Fully Modified Ordinary Least Squares and fixed effect model with Driscoll and Kraay (1998) robust standard errors for a panel dataset from 1997 to 2015. The findings demonstrate a long-term relationship between interested variables and carbon dioxide emissions and ecological footprint. Specifically, high energy intensity propels environmental pollution while economic policy uncertainty and renewable energy prove effective in controlling environmental degradation. The environmental Kuznet curve of economic complexity and environmental quality holds for G7 countries. Moreover, economic policy uncertainty strongly moderates the environmental effect of renewable energy, economic complexity, and energy intensity. While economic policy uncertainty amplifies the beneficial environmental effects of renewable energy and economic complexity, it magnifies the harmful effect of energy intensity on environmental quality. These empirical outcomes allow us to draw useful implications for policymakers to mitigate the environmental degradation.

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Section: Model Speci Cation and Estimation Methodscontrasting

confidence: 93%

Section: Brief Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Environmental quality and the role of economic policy uncertainty, economic complexity, renewable energy, energy intensity: the case of G7 countries

Chu

2021

Preprint

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“…Regarding the impact of provincial level carbon emissions, it is highlighted that EPU of China at provincial level increases the provincial level carbon emissions [58]. Recently, it is documented that EPU also surge CO 2 emissions in top ten carbon emitter countries [9]. In the case of the UK, EPU discourages economic growth and energy consumption, and hence CO 2 emissions decrease in the short-run [10].…”

Section: Literature On the Impact Of Epu And Gpr On Environmental Degradationmentioning

confidence: 99%

“…There exist a few research outlets that explore the impact of EPU on environmental degradation. Regarding the relationship between EPU and environment, one strand of literature notes that EPU upsurges the environmental degradation [6][7][8][9], whereas second strand of literature reports that EPU plunges environmental degradation [10][11][12]. Besides, there exists a study which highlights that EPU does not affect environment [13].…”

Section: Introductionmentioning

confidence: 99%

Do Economic Policy Uncertainty and Geopolitical Risk Lead to Environmental Degradation? Evidence from Emerging Economies

et al. 2021

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Since the turn of twenty first century, economic policy uncertainty (EPU) and geopolitical risk (GPR) have escalated across the globe. These two factors have both economic and environmental impacts. However, there exists dearth of literature that expounds the impact of EPU and GPR on environmental degradation. This study, therefore, probes the impact of EPU and GPR on ecological footprint (proxy for environmental degradation) in selected emerging economies. Cross-sectional dependence test, slope heterogeneity test, Westerlund co-integration test, fully modified least ordinary least square estimator, dynamic OLS estimator, and augmented mean group estimator are employed to conduct the robust analyses. The findings reveal that EPU and non-renewable energy consumption escalate ecological footprint, whereas GPR and renewable energy plunge ecological footprint. In addition, findings from the causality test reveal both uni-directional and bi-directional causality between a few variables. Based on the findings, we deduce several policy implications to accomplish the sustainable development goals in emerging economies.

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Is a green world real or a dream? A look at green growth from green innovation and financial development: Evidence from fragile economies

et al. 2023

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The growing concerns of environmental degradation call for attaining higher green growth (GRG) in both developing and developed countries. Therefore, achieving a higher GRG has been a main concern of policymakers worldwide. To this end, a comprehensive policy framework is needed to attain higher level of GRG and sustainable development goals (SDGs). In doing so, this study is an earliest attempt that investigates the impact of economic policy uncertainty, green innovation and financial development on GRG using the data of selected fragile countries during 1996–2019. For this purpose, we use different preliminary tests for checking the reliability of the data and panel quantile regression for testing the association among the variables. The empirical results indicate that economic policy uncertainty, green innovation and financial development contribute to the growth of green economy. The positive association of economic policy uncertainty with GRG is due to the decline in investment and overall energy consumption pattern. Based on the empirical results, this study proposes some policy implications to achieve higher level of GRG and different targets of SDG 08 (economic growth), SDG 09 (innovations), and SDG 13 (climate change).

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Impact of economic policy uncertainty on CO2 emissions: evidence from top ten carbon emitter countries

Cited by 137 publications

References 65 publications

Environmental quality and the role of economic policy uncertainty, economic complexity, renewable energy, energy intensity: the case of G7 countries

Environmental quality and the role of economic policy uncertainty, economic complexity, renewable energy, energy intensity: the case of G7 countries

Do Economic Policy Uncertainty and Geopolitical Risk Lead to Environmental Degradation? Evidence from Emerging Economies

Is a green world real or a dream? A look at green growth from green innovation and financial development: Evidence from fragile economies

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