Renewable energy consumption, carbon emissions, and development stages: Some evidence from panel cointegration analysis
By K. Nguyen, Makoto Kakinaka. Renewable Energy, 2019
515 citations recorded by the source corpus.
Renewable energy consumption has been promoted to mitigate climate change problems under various schemes, such as the Kyoto Protocol and the Paris Agreement. A country's choice of energy resources depends on the balancing of economic growth and environmental degradation, which will be closely related to its development stage. This study examines how the relationship between renewable energy consumption and carbon emissions is associated with the development stage by applying a panel cointegration analysis to 107 countries during the period from 1990 to 2013. The analysis shows the clear differences between the groups of low- and high-income countries. For low-income countries, renewable energy consumption is positively and negatively associated with carbon emissions and output, respectively. However, for high-income countries, renewable energy consumption is negatively and positively associated with carbon emissions and output, respectively. These results have important implications for policymakers, since the discrepancies in these relationships mean that a country's renewable energy policies should be highly compatible with its development stage.
Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/fa5f7b0cdcbf87111d8f603222ab787709e2c839
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
- Umer Shahzad
- Alexandre Croutzet
- Amal Dabbous
- C. Nevo
- Hassan Qudrat-Ullah
- Y. Wolde‐Rufael
- Eyob Mulat Weldemeskel
- T. Fatima
In Renewable Energy, Sustainability and the Environment
- Alexandre Croutzet
- Amal Dabbous
- C. Nevo
- Hassan Qudrat-Ullah
- Y. Wolde‐Rufael
- Eyob Mulat Weldemeskel
- T. Fatima
- Lianbiao Cui
Citations in the corpus
- Do FinTech trigger renewable energy use? Evidence from OECD countries (2021, background): “Nguyen and Kakinaka [1] show that renewable energy consumption is negatively associated with carbon emissions and positively associated with output for high-income countries.”
- The impact of renewable energy consumption and environmental sustainability on economic growth in Africa (2021, background): “…has been a global call for renewable energy consumption in all countries of the world for the last two decades, especially the most energy-consuming ones found in Asia, the EU, and the Americas, as a way of promoting environmental sustainability (Nguyen and Kakinaka, 2019; Brodny and Tutak, 2020).”
- Environmental policy stringency, renewable energy consumption and CO2 emissions: Panel cointegration analysis for BRIICTS countries (2020, background): “However, following Antonietti and Fontini (2019); Nguyen and Kakinaka (2019), in order to arrive at real oil price, we multiplied the oil price by a country’s yearly average real exchange rate against the US dollar.”