The impact of renewable energy, internet use and foreign direct investment on carbon dioxide emissions: A method of moments quantile analysis

Awan, Ashar; Abbasi, Kashif Raza; Rej, Soumen; Bandyopadhyay, Arunava; Lv, Kangjuan

doi:10.1016/j.renene.2022.03.017

Cited by 174 publications

(54 citation statements)

References 85 publications

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“…This validates the EKC notion in light of Narayan and Narayan [53]. Prior research, such as Rej et al [64] for India, Awan et al [65] for ten developing countries, and Agboola et al [66] for Turkey, has shown similar results, while Rej et al [67] and Islam et al [51] have shown contrasting outcomes. The technique utilized, the dependent variable analyzed, and the time span of the study might all account for these discrepancies in results.…”

Section: Resultssupporting

confidence: 80%

Can Energy Efficiency Help in Achieving Carbon-Neutrality Pledges? A Developing Country Perspective Using Dynamic ARDL Simulations

et al. 2022

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The current research sheds light on the nexus between environmental degradation as proxied by carbon dioxide emissions (CO2), energy efficiency (EE), economic growth, manufacturing value-added (MVA), and the interaction effect of EE and MVA in India. Using yearly data from 1980 to 2019, the current study employs dynamic auto-regressive distribution lag (DARDL) simulations and Fourier Toda and Yamamoto causality techniques. The findings of DARDL reveal that as income and MVA rise, environmental quality decreases, while EE improves environmental conditions in both the long and short run. Surprisingly, the interaction term of EE and MVA has a detrimental influence on environmental quality, meaning that India remains unable to provide energy savings technologies to the manufacturing industry. Furthermore, the environmental Kuznets curve (EKC) hypothesis is well-founded for India, as the long-run income coefficient is smaller than the short-run coefficient, implying that India is in its scale stage of economy, where economic growth is prioritized over environmental quality. The results of the causality technique reveal that CO2 emissions and EE have a bidirectional association. Therefore, policymakers in India should embrace realistic industrialization strategies combined with moderate decarbonization and energy efficiency initiatives under the umbrella of sustainable industrial and economic growth.

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Section: Resultssupporting

confidence: 80%

Can Energy Efficiency Help in Achieving Carbon-Neutrality Pledges? A Developing Country Perspective Using Dynamic ARDL Simulations

et al. 2022

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“…The positive effect demonstrates that the progression of FDI from advanced nations to developing regions is mainly capitalized on manufacturing, mining, and electricity, all of which undoubtedly increase environmental contamination in developing nations (Kirikkaleli et al, 2022). These findings are consistent with Awan et al, (2022b). Interestingly, the FDI effect on the environment is smaller than that of energy use in the transport sector.…”

Section: The Short-run and Long-run Coefficientssupporting

confidence: 62%

The impact of transport energy consumption and foreign direct investment on CO2 emissions in ASEAN countries

Shabir

Gill

2022

Front. Energy Res.

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This study assesses the impact of foreign direct investment (FDI) and the energy consumption of the transport sector on CO2 emissions in five ASEAN (Association of Southeast Asian Nations) countries for the period 1980–2019. The study employs the environmental Kuznets curve (EKC), and uses a nonlinear autoregressive distributive lag model (NARDL) to analyze the data. The results suggest that carbon emissions and their determinants have a long-run equilibrium cointegrated relationship. Findings reveal that the EKC relation between income and CO2 emissions holds only for Singapore, whereas for Indonesia, Malaysia, the Philippines, and Thailand, income growth impacts CO2 emissions positively. Foreign direct investment and energy consumption in the transport sector also significantly impact CO2 emissions in the selected countries, except for Singapore. Transport energy consumption contributes more to CO2 emissions than FDI. Moreover, results suggest that FDI and energy consumption-led growth models are appropriate for ASEAN economies. The study recommends cautious growth policies, clean FDI inflows, and an emphasis on energy-efficient transport systems.

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“…Globalization has also led to an intensification of the economic activity, which is why more and more specialists are attributing to this phenomenon increasingly negative effects, such as environmental pollution, accelerated consumption of natural resources and especially of energy, destruction of ecosystems, loss of biodiversity, an increase of energy prices and, therefore, an alleviation of energy accessibility for the poorest people (Zhao et al, 2022). Dealing with the negative effects of globalization has led to an increase in concerns for technical innovation, especially in the field of energy, but also for the promotion of the principles of sustainable development of different categories of stakeholders, at micro and macroeconomic levels (Vasile and Balan, 2008;Cristea and Dobrota, 2017;Shahbaz et al, 2018;Hysa et al, 2020;Rehman et al, 2021;Sichigea et al, 2021;Awan et al, 2022). The need to promote sustainable development at the microeconomic level has generated a paradigm shift at the level of companies that have nuanced their primary objective, which is no longer maximizing profit for shareholders, but maximizing value for stakeholders.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Energy Innovations and Environmental Performance on the Sustainable Development of the EU Countries in a Globalized Digital Economy

Noja

Cristea

Panait

et al. 2022

Front. Environ. Sci.

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The research conducted in this paper aims to examine the role of energy innovations, digital technological transformation, and environmental performance in enhancing the sustainable economic development of the European Union (EU) countries, widely shaped by the globalization process. An advanced empirical analysis is configured on a cross-sectional dataset of EU-27 Member States compiled at the level of 2018 based on several modern econometric procedures, namely robust regression, structural equation modelling (SEM) and network analysis through Gaussian graphical models (GGM). We apply the econometric procedures to firstly identify and assess the direct, indirect, and total interlinkages between all considered variables, as well as their further cumulated spillover impact on sustainable economic development. EU countries are afterward clustered according to the Ward method inset on hierarchical clustering for an in-depth assessment and tailored policy design by accounting for the level of financial and trade globalization (captured through the KOF Index of Globalization), environmental performance and sustainability (captured through the Environmental Performance Index—EPI), and the degree of integration of digital technologies (proxied through the Digital Economy and Society Index—DESI). Main results highlight that there are significant beneficial effects induced by energy innovations, increased environmental performance and digital transformation on the sustainable development of EU countries, with notable differentiation among them. Policy guidelines and strategic directions are also enhanced and largely presented within the paper.

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The impact of renewable energy, internet use and foreign direct investment on carbon dioxide emissions: A method of moments quantile analysis

Cited by 174 publications

References 85 publications

Can Energy Efficiency Help in Achieving Carbon-Neutrality Pledges? A Developing Country Perspective Using Dynamic ARDL Simulations

Can Energy Efficiency Help in Achieving Carbon-Neutrality Pledges? A Developing Country Perspective Using Dynamic ARDL Simulations

The impact of transport energy consumption and foreign direct investment on CO2 emissions in ASEAN countries

The Impact of Energy Innovations and Environmental Performance on the Sustainable Development of the EU Countries in a Globalized Digital Economy

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