2018
DOI: 10.1007/s10666-018-9620-8
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The Influencing Factors of CO2 Emissions and the Role of Biomass Energy Consumption: Statistical Experience from G-7 Countries

Abstract: This paper examines the impact of biomass energy consumption on CO2 emissions and the environmental Kuznets curve (EKC) hypothesis in G-7 countries. We also incorporate capitalization, financial development and globalization measures (economic, social and political) as additional determinants of CO2 emissions. This study covers the period of 1980-2014. We apply the generalized moments method (GMM) for empirical analysis. The empirical results reveal that biomass energy consumption contributes to CO2 emissions.… Show more

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Cited by 132 publications
(70 citation statements)
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References 127 publications
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“…This negative pressure of environmental quality is also caused by the rise in population, which has resulted in a pressure on the urban infrastructure. Similar kind of condition has been identified by Paramati et al (2017) in case of Next 11 countries, Bhattacharya (2016, 2017) for Indian cities, and Shahbaz et al (2018a) for G7 countries. Rise in industrialization is resulting in shrinkage of the agricultural lands, and therefore, people from the rural areas are shifting towards the urban areas in search of vocational opportunities.…”
Section: Long Run Coefficients By Gmmsupporting
confidence: 74%
“…This negative pressure of environmental quality is also caused by the rise in population, which has resulted in a pressure on the urban infrastructure. Similar kind of condition has been identified by Paramati et al (2017) in case of Next 11 countries, Bhattacharya (2016, 2017) for Indian cities, and Shahbaz et al (2018a) for G7 countries. Rise in industrialization is resulting in shrinkage of the agricultural lands, and therefore, people from the rural areas are shifting towards the urban areas in search of vocational opportunities.…”
Section: Long Run Coefficients By Gmmsupporting
confidence: 74%
“…At the inflection point of the income level between the turnaround points, i.e. X(1) and X(2), a gradual decrease in environmental fortification takes place, as the scale effect starts to prevail again Shahbaz et al, 2018). This inflection point allows us to understand how economic systems need to make additional reforms in terms of environmental protection and to delay technological obsolescence where the composition and technical effects are surpassed by the scale effect .…”
Section: Discussion Of Empirical Resultsmentioning
confidence: 99%
“…In accordance with these supportive actions, private investments in renewable energy sources should be encouraged (Kahia et al, 2017;Shahbaz et al, 2018). Thus, it is necessary to avoid failures and bankruptcies, and improve the system of incentives for the promotion of renewable energy use (e.g.…”
Section: Introductionmentioning
confidence: 99%
“…They recommend exploring less carbon-intensive alternative energy resources by expediting research and development (R&D) in this sector. Based on a sample of G7 countries, Shahbaz et al (2018a) reveal that the intensity of CO 2 emissions increases with the use of biomass energy. In these countries, trade expansion contributes to improving long-term environmental quality.…”
Section: Literature Reviewmentioning
confidence: 99%