Short- and long-run influence of energy utilization and economic growth on carbon discharge in emerging SREB economies

Yang, Zhigang; Abbas, Qaiser; Hanif, Imran; Alharthi, Majed; Taghizadeh–Hesary, Farhad; Aziz, Babar; Mohsin, Muhammad

doi:10.1016/j.renene.2020.10.141

Cited by 130 publications

(57 citation statements)

References 31 publications

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“…CO 2 has a positive association with energy intake and economic growth (Kais and Sami 2016 ; Bekun et al 2019 ). Therefore, it should be negative to verify the hypothesis of EKC inverted U-shaped (Hanif et al 2019 ; Anser et al 2020a ; Alharthi et al 2021 ; Anwar et al 2021 ; Yang et al 2021 ).…”

Section: Data Methodology and Specification Of Modelmentioning

confidence: 99%

“…Fossil fuel energy consumption has badly affected the environmental conditions of SREB emerging economies. However, the economic growth and carbon dioxide emissions have developed the EKC inverted U-shaped hypothesis in SREB economies in the long run (Yang et al 2021 ). Anser et al ( 2020a ) in developing Latin America and the Caribbean countries and Alharthi et al ( 2021 ) in MENA countries evident the EKC inverted U-shaped hypothesis between economic growth and carbon dioxide emissions.…”

Section: Review Of Literaturementioning

confidence: 99%

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RETRACTED ARTICLE: The non-linear relationship between carbon dioxide emissions, financial development and energy consumption in developing European and Central Asian economies

Chunyu

Zain-ul-Abidin

Majeed

et al. 2021

Environ Sci Pollut Res

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Graphical abstract A sizeable amount of scholarly work has been done on different aspects of financial, economic, and environmental factors. In the present study, the nonlinearity is determined between financial development and carbon dioxide emissions in the long-run and short-run periods. According to the finding, the continued financial development initially increases the carbon dioxide emissions in the short and long run. Simultaneously, the square term of financial development reduces carbon dioxide emissions and proves the inverted U-shaped hypothesis in the short and long periods. The consumption of fossil fuels produces carbon dioxide emissions, leading to environmental pollution. In contrast, renewable energy sources have fostered ecological sustainability by reducing CO 2 emissions in the long and short term. At the same time, a positive response from labor productivity to carbon dioxide emissions causes environmental pollution, while capital formation is not acknowledged as a significant contributor to CO 2 emissions. The Error Correction term has ascertained the reduction in error and convergence of the model from short to long term with a speed of 8% per annum. The study suggested that renewable energy and financial development should be indorsed for environmental preservation in developing European and Central Asian economies. Financial development in favor of low-cost renewables, advancing cleaner production methods, solar paneling, and electrification are a few possible remedies to achieve environmental sustainability in the short-run as well as long-run time frame.

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Section: Data Methodology and Specification Of Modelmentioning

confidence: 99%

Section: Review Of Literaturementioning

confidence: 99%

RETRACTED ARTICLE: The non-linear relationship between carbon dioxide emissions, financial development and energy consumption in developing European and Central Asian economies

Chunyu

Zain-ul-Abidin

Majeed

et al. 2021

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…But the use of renewable energy resources will control CO 2 discharge in emerging countries located in the Silk Road Economic Belt domain, as the neat and clean environment is the demand of any progressive society. The findings are in line with the work of (Yang et al 2021), (Huang et al 2020). Emerging countries on the Silk Road Economic Belt in all four areas demonstrated the necessity of renewable energy for environmental sustainability.…”

Section: No Of Instruments ----43supporting

confidence: 88%

Control of Carbon Emissions by Promoting Economic Growth and Renewable Energy in Newly Emerging Economic Block

Nosheen

Kouser²,

Anjum

et al. 2021

REAL

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This research examines the effects of economic growth and energy consumption in the new developing economic block of Silk Road on carbon emissions (SERB). The energy consumption is further synthesized into renewable and non-renewable energy sources to distinguish their role in carbon emissions. This study considered panel data (1995-2014) of twenty-four middle-income countries along the Belt and Road initiative for empirical analysis. The fixed effect, random effect, and GMM methods were performed to confirm the cointegration relationship. Results highlighted the role of economic growth, renewable energy, and nonerasable energy on carbon emissions in the short and long run. Thus, it can be concluded that the newly emerging block resulting from Belt and Road initiative could get the maximum economic benefits of this project by using renewable energy sources. The new renewable energy projects may help increase clean energy and reduce carbon emissions in the emerging economic block due to the Belt and Road initiative.

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“…Thus, priorities were given to the demand for basic and mandatory products and services. Therefore, policy strategies are set to improve the system's resilience and sustainability (Khalid Anser et al 2020 ; Mohsin et al 2021 ; Yang et al 2021 ). The economic and market fluctuations have contributed to the sustainability transition and enabled us to remain proactive to respond to the challenges.…”

Section: Resultsmentioning

confidence: 99%

Co-movement of energy prices and stock market return: environmental wavelet nexus of COVID-19 pandemic from the USA, Europe, and China

Chien

Sadiq

Kamran

et al. 2021

Environ Sci Pollut Res

165

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This work aims to study the time-frequency relationship between the recent COVID-19 pandemic and instabilities in oil price and the stock market, geopolitical risks, and uncertainty in the economic policy in the USA, Europe, and China. The coherence wavelet method and the wavelet-based Granger causality tests are applied to the data (31st December 2019 to 1st August 2020) based on daily COVID-19 observations, oil prices, US-EPU, the US geopolitical risk index, and the US stock price index. The short- and long-term COVID-19 consequences are depicted differently and may initially be viewed as an economic crisis. The results illustrate the reduced industrial productivity, which intensifies with the increase in the pandemic’s severeness (i.e., a 10.57% decrease in the productivity index with a 1% increase in the pandemic severeness). Similarly, indices for oil demand, stock market, GDP growth, and electricity demand decrease significantly with an increase in the pandemic severeness index (i.e., a 1% increase in the pandemic severeness results in a 0.9%, 0.67%, 1.12%, and 0.65% decrease, respectively). However, the oil market shows low co-movement with the stock exchange, exchange rate, and gold markets. Therefore, investors and the government are recommended to invest in the oil market to generate revenue during the sanctions period.

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Short- and long-run influence of energy utilization and economic growth on carbon discharge in emerging SREB economies

Cited by 130 publications

References 31 publications

RETRACTED ARTICLE: The non-linear relationship between carbon dioxide emissions, financial development and energy consumption in developing European and Central Asian economies

RETRACTED ARTICLE: The non-linear relationship between carbon dioxide emissions, financial development and energy consumption in developing European and Central Asian economies

Control of Carbon Emissions by Promoting Economic Growth and Renewable Energy in Newly Emerging Economic Block

Co-movement of energy prices and stock market return: environmental wavelet nexus of COVID-19 pandemic from the USA, Europe, and China

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