Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries

Lau, Lin‐Sea; Choong, Chee‐Keong; Ng, Cheong-Fatt; Liew, Feng-Mei; Ching, Suet‐Ling

doi:10.1016/j.econmod.2018.09.015

Cited by 162 publications

(44 citation statements)

References 75 publications

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“…Also, since nuclear energy provides energy without emitting carbon, there is a need for the government to increase the share of nuclear power portfolio of any country (Gokmenoglu & Kaakeh, 2018). According to Lau et al (2019), the EKC hypotheses is valid for the Organization for Economic Cooperation and Development (OECD) countries, an intergovernmental organization with 36 member countries in which the United Kingdom also belong to while using the generalized system method and modified ordinary least square method. Because of the differences in government policies and climate conditions, it is possible to establish different causality relationships between nuclear energy consumption and economic growth (Table A1).…”

Section: Literature Reviewmentioning

confidence: 99%

“…In fact, the reasons for the abundance of research on energy issues are not far‐fetched. Apart from raising concerns about global emissions, the contribution of stable energy and electricity supply to achieving the growth prospects of nations has been at the forefront of many studies and the importance of such causality analysis cannot be overestimated (Lau, Choong, Ng, Liew, & Ching, 2019). Moreover, consumption of and access to stable power supply from several energy sources is one of the focal points of developing as well as developed countries like the United Kingdom.…”

Section: Introductionmentioning

confidence: 99%

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Nuclear energy consumption and economic growth in the UK: Evidence from wavelet coherence approach

Kırıkkaleli

Adedoyin

Bekun

2020

Journal of Public Affairs

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The aim of this present study is to assess the causal link between nuclear energy consumption and economic growth in the United Kingdom using Toda Yamamoto causality and wavelet coherence tests with the objective of responding to the following questions: (a) Does consumption of nuclear energy lead to economic growth in the United Kingdom and/or does economic growth lead to the consumption of nuclear energy sources in the United Kingdom, and (b) if so, why? The findings from wavelet coherence reveal that changes in economic growth lead to changes in nuclear energy consumption in the United Kingdom at different frequencies, especially in the long‐run, and in different periods between 1998 and 2017. In addition, there is a positive correlation between nuclear energy consumption and economic growth between 2002 and 2006 in the short‐run. In this study, we also check the consistency of the findings from wavelet coherence which is confirmed by the outcomes of Toda Yamamoto causality test. Therefore, the present study is likely to attract great interest from the policy‐makers and researchers in this field. At the same time, it is likely to start a new debate.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Nuclear energy consumption and economic growth in the UK: Evidence from wavelet coherence approach

Kırıkkaleli

Adedoyin

Bekun

2020

Journal of Public Affairs

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“…The conclusion of the study aligned with the Kuznets curve, and they suggested the presence of a polynomial association in the income and fossil fuel share. In the relationship of income and CO 2 emissions, Lau et al [20] and Churchill et al [21] analyzed a panel of OECD countries and landed Energies 2018, 11, 3462 3 of 15 on the same conclusion that these economies are illustrated a mechanism similar to the EKC in play. While, Vlontzos et al [22] found an N-shape relationship between Gross Domestic Product (GDP) and emissions in EU agriculture sector, Urban and Nordensvard [23] could find the evidence of EKC hypothesis for four out of five Nordic countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Mahmood

Alrasheed

Furqan³

2018

Energies

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The study is aimed to scrutinize the presence of Environmental Kuznets Curve (EKC) hypothesis in Saudi Arabia by analyzing a period of 1971-2014. Asymmetrical impacts of Financial Market Development (FMD) and energy consumption per capita have also been tested on CO 2 emissions per capita. The estimates buoyed the long and short-run relationships in the hypothesized model, and EKC is found to be true in terms of the relationship between income and pollution. Asymmetrical effects of FMD in the long run and asymmetrical effects of energy consumption per capita in the long and short run are presented on the CO 2 emissions per capita. A decreasing FMD is found responsible for environmental degradation, and decreasing energy consumption per capita is found helpful in controlling CO 2 emissions. The tested effect of the financial crisis is found insignificant on CO 2 emissions.

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“…The literature has recently revealed wide attention in the association linking dis(aggregate) energy use, economic growth (hereafter EG), and pollution. The existing literature can be separated into three areas of study (see Section 2): the first strand includes the existing energy literature, which handles a large range of studies of varied findings lying on the connection among the use of green energy and EG (e.g., [21][22][23][24][25][26], among others); the second strand combines a branch of research that treats the renewable energy consumption-environment nexus (e.g., [15,16,[27][28][29][30], among others); the third strand includes the existing literature, which presents practical proof on the association linking CO 2 emissions and EG, indicating the famous theory of Environmental Curve of Kuznets, e.g., [31][32][33][34][35][36]. As the connection between the environment and income continues to be indecisive within the environmental Kuznets curve (EKC), further research may offer the debate valuable information in previously uninvestigated regions and countries.…”

Section: Introductionmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

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This article extends the previous studies on environmental economics literature by examining a possible relationship between economic growth, green energy, and environmental quality. Specifically, this article investigated the three-way linkage between economic growth, renewable energy, and environmental quality in the case of Saudi Arabia using the simultaneous equation modeling approach over the period of 1990–2016. The following are the main findings obtained: (i) a unidirectional causal impact of economic growth on renewable energy consumption was found, confirming the conservation hypothesis; (ii) bidirectional relationships between economic growth and CO2 emissions and between CO2 emissions and renewable energy consumption were also found; (iii) the failure of renewable energy in Saudi Arabia to close the gap between growing the economy and protecting the environment in Saudi Arabia; (iv) the environmental Kuznets curve (EKC) hypothesis was supported. Policy implications are also discussed.

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Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries

Cited by 162 publications

References 75 publications

Nuclear energy consumption and economic growth in the UK: Evidence from wavelet coherence approach

Nuclear energy consumption and economic growth in the UK: Evidence from wavelet coherence approach

Financial Market Development and Pollution Nexus in Saudi Arabia: Asymmetrical Analysis

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

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