The effects of non-renewable energy, renewable energy, economic growth, and foreign direct investment on the sustainability of African countries

Djellouli, Nassima; Abdelli, Latifa S.; Elheddad, Mohamed; Ahmed, Rizwan Raheem; Mahmood, Haider

doi:10.1016/j.renene.2021.10.066

Cited by 118 publications

(54 citation statements)

References 92 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Since the 1990s, the massive emissions of greenhouse gases, mainly carbon dioxide, have led to a frequent occurrence of extreme weather around the world. As a result, the debate among researchers around the world on the accelerated development of renewable energy and its impact on environmental quality has been intense and has not reached a consensus so far (Kahia et al 2017 ; Bai et al 2021 ; Salem et al 2021 ; Djellouli et al 2022 ). From the perspective of global climate change, the use of renewable energy is considered to be the most effective and direct means of reducing atmospheric CO 2 concentrations and has a significant impact on environmental sustainability (Kirikkaleli and Adebayo 2021a , b ; Sun et al 2022 ).…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Do renewable energy consumption and green innovation help to curb CO2 emissions? Evidence from E7 countries

Chen

Hao

2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

Global climate change is profoundly affecting human survival and development and is a major challenge facing the international community today. Therefore, this study aims to examine the effect of renewable energy consumption and green innovation on CO 2 emission reduction in E7 countries within the framework of macroeconomic indicators, and whether they can contribute to achieving carbon neutrality targets. To achieve the purpose of the study, firstly, the fully modified OLS, dynamic OLS, classical cointegration regression, Bayer–Hanck cointegration, and ARDL bounds test are employed in this study. The existence of a long-term cointegration or long-term linkage is confirmed by empirical evidence. Secondly, the empirical outcomes of FMOLS, DOLS, and CCR reveal that a 1% increase in renewable energy consumption and financial innovation reduces the CO 2 emissions by 0.357% (0.301%), 0.428% (0.336%), and 0.348% (0.306%), while a 1% rise in economic growth and inflation raises the CO 2 emissions by 0.881% (0.015%), 0.946% (0.043%), and 0.875 (0.022%), respectively. Similarly, the results of ARDL demonstrate that renewable energy consumption and financial innovation contribute to the improvement of environmental quality, while economic growth and inflation exacerbate the deterioration of environmental quality. However, green innovation has no apparent impact on environmental sustainability. Finally, in the short term, the paths of renewable energy consumption and economic growth on environmental sustainability under macroeconomic conditions are almost identical to those in the long term, while green innovation significantly improves the environmental quality of economic development in E7 countries. To sum up, to achieve sustainable economic and environmental development in the context of carbon neutrality, policy makers in developing countries should fully consider the role of renewable energy and green innovation, and actively strive to promote green and low-carbon energy development, to make new contributions to global environmental governance.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Do renewable energy consumption and green innovation help to curb CO2 emissions? Evidence from E7 countries

Chen

Hao

2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

show abstract

“…The relationship between energy consumption and CO 2 is not static, considering the diversity in energy sources. In a case where energy consumption is mainly sourced from fossil fuels, the consequential effects are usually inducing the stock of carbon emissions which implies the existence of positive nexus ( Ajide and Mesagan, 2022 ; Djellouli et al., 2022 ; Ibrahim and Ajide, 2021 ). Alternatively, the concentration of energy used in the renewable source serves as a hindrance to the rising carbon emissions bringing about negative connections ( Islam et al., 2022 ; Rahman et al., 2022 ).…”

Section: Theoretical Underpinning and Methodsmentioning

confidence: 99%

“…Focusing on panel economies from developing regions, Djellouli et al. (2022) assess the dynamic association between energy consumption (renewable and non-renewable), foreign direct investment, economic growth, and environmental degradation in 23 selected African economies.…”

Section: Literature Reviewmentioning

confidence: 99%

The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach

Adebayo

Ibrahim

Agyekum

et al. 2022

Heliyon

View full text Add to dashboard Cite

“…The quest for economic advancement and reducing global warming and climate change continues to attract attention. Djellouli et al ( 2022 ) explored the relationship between renewable energy consumption (REC), non-REC, GDP, and foreign direct investment (FDI) on CO 2 using 20 selected African countries from 2000 to 2015. The authors employed pooled mean group (PMG), dynamic fixed effect (DFE), and mean group (MG) estimators to investigate the topic.…”

Section: Literaturementioning

confidence: 99%

The relationship between economic growth and environmental degradation: could West African countries benefit from EKC hypothesis?

Kong

Zhang

et al. 2022

Environ Sci Pollut Res

View full text Add to dashboard Cite

There are growing concerns about environmental degradation and economic expansions in West Africa. Although there are several growth-environmental studies in Africa, there is limited empirical research exploring West African countries’ potential of benefiting from the environmental Kuznets curve (EKC) hypothesis, with the few studies on this subject reporting diverse results based on selected West African countries. To fill this gap, this study explored the relationship between economic growth and environmental degradation within the EKC framework using 16 West African countries sub-grouped into low-income countries (LICs) and lower-middle-income countries (LMICs) between 1990 and 2018. This study implemented second-generation panel econometric estimators that are robust to cross-sectional dependent and parameter heterogeneity. The empirical results revealed that the data is cross-sectionally dependent, heterogeneous, integrated of order one, 1(1), and cointegrated. Controlling for other environmental determinants, panel estimates from the Augmented Meant Group and Common Correlated Effect Mean Group estimators revealed that economic growth accelerates environmental degradation in West African countries, with a greater impact on LMICs, followed by LICs in West Africa. The results also showed that West African countries especially LMICs could benefit from the EKC hypothesis. On the other hand, growth-environmental degradation among LICs in West Africa shows a monotonous increasing relationship. We found strong evidence to support for feedback hypothesis between economic growth and environmental degradation in LMICs, LICs, and West Africa as a whole. Based on the findings, policy recommendations that consider both LMICs and LICs and West Africa as a whole were offered to policymakers. Graphical abstract

show abstract

The effects of non-renewable energy, renewable energy, economic growth, and foreign direct investment on the sustainability of African countries

Cited by 118 publications

References 92 publications

RETRACTED ARTICLE: Do renewable energy consumption and green innovation help to curb CO2 emissions? Evidence from E7 countries

RETRACTED ARTICLE: Do renewable energy consumption and green innovation help to curb CO2 emissions? Evidence from E7 countries

The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach

The relationship between economic growth and environmental degradation: could West African countries benefit from EKC hypothesis?

Contact Info

Product

Resources

About