The dynamic relationship of renewable and nonrenewable energy consumption with carbon emission: A global study with the application of heterogeneous panel estimations

By Arshian Sharif, Syed Ali Raza, Ilhan Ozturk, Sahar Afshan. Renewable Energy, 2019

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This present study explores the relationship of renewable and non-renewable energy consumption with carbon emission by using panel data of 74 nations from 1990 to 2015. In doing as so, we apply the second-generation econometrics of panel data to examines the cross-section independence and control the heterogeneity between cross-sections. The CIPS unit root test, Westerlund (2007) bootstrap cointegration, Pedroni co-integration, FMOLS and heterogeneous panel causality techniques have been applied. The outcomes affirm that all variables are integrated over the long-run. The results also show that the nonrenewable energy consumption has a positive effect on environmental degradation whereas; renewable energy has a negative impact on environmental degradation and help to reduce environmental hazards. Similarly, financial development also has a negative and significant impact on environmental degradation. Furthermore, the Kuznets hypothesis are also tested and found its existence. This study provides valuable policy implications for the government and the policy makers.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/2a25bcb7a9c25796d0e78915579f65bfa3af0a1f

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Citations in the corpus

Determinants of the global and regional CO2 emissions: What causes what and where? (2019, background): “Recently, by using panel data of 74 nations, Sharif et al. (2019) explore the relationship of renewable energy consumption with CO2 emissions and suggest that renewable energy consumption has a negative impact on environmental degradation and helps to reduce environmental hazards.”
Asymmetric impact of renewable and non-renewable energy on economic growth in Pakistan: New evidence from a nonlinear analysis (2020, methodology): “(Sharif et al., 2019) explored the association between renewable, non-renewable energy consumption, and CO2 emission by used panel data for 74 countries from 1990 – 2015.”
Analyzing the determinants of carbon emissions from transportation in European countries: the role of renewable energy and urbanization (2020, background): “Renewable energy is the most effective solution to protect the environment (Bhattacharya et al. 2016; Sharif et al. 2019).”
Renewable and nonrenewable energy consumption, trade and CO2 emissions in high emitter countries: does the income level matter? (2020, background): “…conclude that nonrenewable energy consumption mainly contributes to environmental deterioration and renewable energy improves environmental quality (Sharif et al. 2019; Ben Jebli, Ben Youssef, and Ozturk 2016; Danish, Zhang, B. Wang et al. 2017; Zhang, Wang, and Wang 2017; Chen, Wang, and Zhong…”
The renewable energy consumption-environmental degradation nexus in Top-10 polluted countries: Fresh insights from quantile-on-quantile regression approach (2020, result): “This segment of the findings complements the findings of Sharif et al. (2019), by finding the variations in the impact of renewable energy consumption throughout the spectrum.”
Environmental policy stringency, renewable energy consumption and CO2 emissions: Panel cointegration analysis for BRIICTS countries (2020, background): “Our evidence concerning fossil energy consumption is in line with Bhat (2018); Sharif et al. (2019) where they found that nonrenewable energy consumption has a positive effect on environmental degradation that leads to low environmental quality (Inglesi-Lotz and Dogan 2018; Sharif et al. 2019).”