The impact of energy consumption and merchandise exports on CO 2 emission in the United Nations geoscheme regions

Purpose This study aims to investigate the interrelationships and elasticities between the production of renewable energy (RE) and three key variables: oil prices, gross domestic product (GDP) and carbon dioxide (CO2) emissions. Design/methodology/approach The research uses panel data and time-series analyses for 10 developed and 16 emerging countries for the period 1976–2018, to identify panel and country-specific elasticity of RE production and dynamic causal relationships between these variables. The study uses an autoregressive distributed lag model to determine the long- and short-run dynamics between RE production and the three variables in each country. Findings Results show a long-run elasticity between RE and GDP, and short-run dynamics between RE and oil prices and CO2 emissions in the developed countries. Whereas in the emerging countries category, there were long-run relationships between RE and GDP, CO2 emissions and oil prices. Practical implications Results of this study are in fact crucial and can be applied in the drafting of resilience policies to tackle energy vulnerability as well as sustainable growth. The study results will inform and guide governments on the right policies to stimulate RE production in their own countries in the interests of both their national security and sustainable development globally. Originality/value This paper attempts to contribute to the literature in at least two ways. First, research on identifying common determining factors, including socioeconomic factors, in both emerging and advanced economies is considerably scarce. Most of the previous research in this field has focused only on the absolute value of RE production in a particular geographical area. Second, many studies have focused on RE consumption. This research differs from them by focusing on the production of RE. Thus, the main contribution of this study is to fill these gaps. The study also presents novel empirical evidence to determine RE production elasticity from 26 countries.

Section: Methodsmentioning

confidence: 99%

Determinants of renewable energy production in emerging and developed countries

Elmassah

2023

“…There are numerous studies conducted on the nexuses between CO 2 emissions and renewable energy consumption; for instance, Acheampong et al (2021) conducted a study on SSA countries over the period 1960-2017 and discovered the evidence for a bidirectional IJESM 18,2 causality between renewable energy consumption and economic growth in SSA economies. Senarathne and Jayasinghe (2021) conducted a study on some selected European and American countries over the period 1971-2014 and discovered a long-run impact of energy consumption on CO 2 emissions. Abdulqadir (2022a) found overwhelming evidence of an infliction point between CO 2 emissions metric tons per capita and renewable energy consumption in OPEC member countries over the period 1990-2019.…”

Section: The Nexuses Between Carbon Dioxide Emissions and Renewable E...mentioning

confidence: 99%

Urbanization, renewable energy, and carbon dioxide emissions: a pathway to achieving sustainable development goals (SDGs) in sub-Saharan Africa

Abdulqadir¹

2023

Purpose The purpose of this paper is to investigate sustainable green economy in sub-Saharan African (SSA) countries over the period 1990–2019 using a quantile regression approach, considering the nexus between urbanization, economic growth, renewable energy, trade and carbon dioxide (CO2) emissions. Design/methodology/approach The study used a dynamic panel quantile regression to investigate the conditional distribution of CO2 emissions along the turn-points of urbanization, economic growth, renewable energy, trade and the regressors via quadratic modeling specifications. Findings The main findings are established as follows. There is strong evidence of the Kuznets curve in the nexus between urbanization, economic growth, renewable energy, trade and CO2 emissions, respectively. Second, urbanization thresholds that should not be exceeded for sustainability to reduce CO2 emissions are 0.21%, and 2.70% for the 20th and 75th quantiles of the CO2 emissions distribution. Third, growth thresholds of 3.64%, 3.84%, 4.01%, 4.36% and 5.87% across the quantiles of the CO2 emissions distribution. Fourth, energy thresholds of 3.64%, 3.61%, 3.70%, 4.02% and 4.34% across the quantiles of the CO2 emissions distribution. Fifth, trade thresholds of 3.37% and 4.47% for the 20th and median quantiles of the CO2 emissions distribution, respectively. Practical implications The empirical shreds of evidence offer policy implications in such that building sustainable development and environment requires maintaining the critical mass, not beyond those insightful thresholds to achieving sustainable development and environmentally friendly SSA countries. Social implications Sustainable cities and communities in an era of economic recovery path COVID-19 mitigate greenhouse gas. The policy relevance is of particular concern to the sustainable development goals. Originality/value The study is novel considering the extant literature by providing policymakers with avoidable thresholds for policy formulations and implementations in the nexus between urbanization, economic growth, renewable energy and trade openness.

“…Udemba and Tosun (2022) focused on sustainable development in Brazil. Senarathne and Jayasinghe (2021) focused on energy consumption and growth in the UN geoscheme regions. Hannesson (2020) uncovered the evidence of CO 2 intensity falls at a diminishing rate as countries grow richer, while Udemba and Philip (2022) on Urbanization, FDI and renewable energy in Indonesia.…”

Section: Brief Literature Review and Stylized Factsmentioning

confidence: 99%

CO₂ emissions policy thresholds for renewable energy consumption on economic growth in OPEC member countries

Abdulqadir¹

2022

Purpose This study aims to examine the nexuses between economic growth, trade openness, renewable energy consumption and environmental degradation among organization of petroleum exporting countries (OPEC) members over the period 1990–2019. Design/methodology/approach The empirical strategy for the study includes dynamic heterogeneous panel pooled mean group (PMG), mean group (MG) estimators and dynamic panel threshold regression (TR) analysis. For clarity, PMG and MG are used to explore the long-run relationship between the variables, whereas TR is used to uncover the actionable and complementary policy thresholds in the nexuses between green growth and environmental degradation. Findings The empirical evidence is based on the significant estimates from PMG and TR. First, using PMG, the study finding revealed a long-run relationship between economic growth and environmental degradation via the PMG estimator. Second, using TR, the study revealed an actionable threshold for carbon dioxide emissions (CO2) metrics tons per capita (mtpc) not beyond a critical mass of 4.88mtpc, and the complementary policy threshold of 85% of the share of trade to gross domestic product, respectively. Research limitations/implications The policy relevance of the thresholds is apparent to policymakers in the cartel and for policy formulation. The policy implication of this study is straightforward. Originality/value The novelty of this study stalk in the extant literature on providing policymakers with an actionable threshold for CO2 emissions with the corresponding complementary threshold for trade policies in the nexuses between green growth and the environment.