Exploring the role of coal consumption, solar, and wind power generation on ecological footprint: evidence from India using Fourier ADL cointegration test

Abstract

In this study, we aimed to assess whether the intensive investments done for renewable energy sources work for reducing environmental deterioration level in India to reach its sustainable development goals and raise environmental quality. To this end, using data from 1995 to 2018, a novel methodology, the Fourier ADL cointegration test, and Bounds test were employed to empirically analyze the long-term steady-state relationship between ecological footprint and renewable and nonrenewable energy sources. Our empirical ndings demonstrate the long-run steady-state associations between coal consumption, solar power generation, wind power generation, and ecological footprint in India. Moreover, the magnitude of the long-term effects of these resources were estimated by employing FMOLS method and the results indicated that solar and wind power generation have a statistically signi cant positive effect on environmental sustainability. In other words, increasing the share of wind and solar power generation in the energy mix led to mitigating the environmental deterioration in India. The ndings also revealed an adverse effect of coal consumption on environmental sustainability in India. These results suggest that the share of solar and wind power generation in the energy mix should be increased in order to mitigate the energy-import dependency and environmental pollution in India.

The symbiotic effects of energy consumption, globalization, and combustible renewables and waste on ecological footprint in the United Kingdom

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Integrating non-renewable energy consumption, geopolitical risks, economic development with the ecological intensity of wellbeing: evidence from quantile regression analysis

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