The dynamic linkage among carbon emissions, energy consumption, and economic sustainability in the Asia Pacific

Abstract

Environmental degradation is caused by the high level of energy use, which becomes a major problem in the world. This research will investigate how energy consumption, economic growth, and population affect carbon emissions in the Asia Pacific region, with data from 15 countries spanning the 1988-2021 period. The energy consumption was measured by how much oil and coal were used. The research used panel Autoregressive Distributed Lag (ARDL) models to study carbon emissions, oil consumption, coal consumption, economic growth, and population. The study found that growth in coal consumption, oil consumption, and population has a positive significant effect on carbon emissions in the long term. Conversely, economic growth has a significant negative impact. Meanwhile, in the short term, both coal consumption and economic growth have a positive impact on increasing carbon emissions. The results of this study support the hypothesis that there is an Environmental Kuznets Curve (EKC). This paper suggests that increasing green investment and shifting from fossil-based to eco-friendly sectors would be beneficial. Second, the resilience of economic growth is important. The third way to preserve the environment is to control the rate of population growth.