How renewable energy consumption lower global CO 2 emissions? Evidence from countries with different income levels

By Kangyin Dong, Xiucheng Dong, Qingzhe Jiang. 2020

401 citations recorded by the source corpus.

Significant difference in the emission–renewables nexus across countries with different income levels is frequently ignored in previous studies. To empirically investigate whether the effect of renewable energy consumption on carbon dioxide (CO2) emissions differs across countries with different income levels, the emission–growth–renewables nexus for a global panel of 120 countries and four income‐based subpanels over the period 1995–2015 is examined. Fully considering the potential cross‐sectional dependence and slope heterogeneity, a series of econometric techniques allowing for cross‐sectional dependence and slope heterogeneity is utilised. Cross‐sectional dependence and slope heterogeneity are confirmed for the global panel as well as for all four subpanels. Only for the global panel, high‐income subpanel and upper‐middle‐income subpanel is the environmental Kuznets curve (EKC) hypothesis valid. Renewable energy consumption has a negative effect on CO2 emissions, but its effect is not significant; the mitigation effect may be obscured by higher economic growth and increasing non‐renewable energy consumption. The global panel and four subpanels provide mixed directionality of causality among the variables, suggesting that for various income‐based subpanels, significant differences exist in the effect of renewable energy consumption on CO2 emissions, especially highlighting in various direct and indirect influencing paths between renewable energy consumption and CO2 emissions.

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

View Paper: https://www.semanticscholar.org/paper/7cbe09fd50f2e8cf4741888aa4c911b06b661daf

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Muntasir Murshed
2. Zeeshan Khan
3. Kangyin Dong
4. Siqun Yang
5. M. H. Chadni
6. Jannatul Ferdaus

In Renewable Energy, Sustainability and the Environment

1. Zeeshan Khan
2. Muntasir Murshed
3. Siqun Yang
4. Kangyin Dong
5. M. H. Chadni
6. Jannatul Ferdaus

Citations in the corpus

• The roles of export diversification and composite country risks in carbon emissions abatement: evidence from the signatories of the regional comprehensive economic partnership agreement (2021, background): “Concerning the energy consumption-CO2 emission nexus, a growing body of studies has found that an increase in energy consumption can affect changes in CO2 emissions (Dong, Dong, and Jiang 2020; Muhammad 2019; Valadkhani, Smyth, and Nguyen 2019).”