Fresh evidence on environmental quality measures using natural resources, renewable energy, non-renewable energy and economic growth for 10 Asian nations from CS-ARDL technique

Yen-Ku, Kuo; Maneengam, Apichit; Cong, Phan The; An, Nguyen Binh; Nassani, Abdelmohsen A.; Haffar, Mohamed; Qadus, Abdul

doi:10.1016/j.fuel.2022.123914

Cited by 35 publications

(10 citation statements)

References 43 publications

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“…There is an increased demand for NAR as a result of industrialization and globalization, which might cause resource depletion and ecological deterioration. Similar to this, the primary reason for the escalating environmental deterioration brought on by a growth in economic activities is the depletion of natural resources (Hassan et al, 2019; Kuo et al, 2022). Consequently, it is anticipated that natural resources would trigger CO 2 emissions.…”

Section: Methodsmentioning

confidence: 92%

“…In addition, the extensive use of NAR for agriculture, forestry, and mining impacts the environment. It should be noted that while many studies have examined how NAR affects EGR (e.g., Gupta et al, 2022; Kuo et al, 2022; Yang et al, 2022), very few have investigated how NAR affects CO 2 emissions. Moreover, conflicting results have emerged on the connection between CO 2 emissions and NAR.…”

Section: Introductionmentioning

confidence: 99%

“…Similar to this, the primary reason for the escalating environmental deterioration brought on by a growth in economic F I G U R E 1 (a) Scatter plot. (b) Synopsis of descriptive statistics in box-plot activities is the depletion of natural resources(Hassan et al, 2019;Kuo et al, 2022). Consequently, it is anticipated that natural resources would trigger CO 2 emissions.…”

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confidence: 99%

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Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

Adebayo

2022

Geological Journal

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Challenges brought on by the rapid rate of economic growth include the depletion of natural resources (NAR) and environmental deterioration. Due to its abundant mineral resources and rapid economic growth, China has gained attention from both the developing and developed worlds. Using data from 1970/Q1 to 2020/Q4, this paper evaluates the time‐frequency nexus between CO2 emissions and natural resources, coal consumption, and economic growth. The study employs the Wavelet Local Multiple Correlation (WLMC) to explore this nexus. This approach enhances the capacity to comprehend the fundamental relationships between these indicators at different frequencies. To the best of the investigator' knowledge, this is the first empirical investigation to explore the time‐frequency nexus between natural resource, economic growth, coal use, and CO2 emissions in China, thus filling a gap in the literature. Furthermore, wavelet coherence is employed as a robustness check. The WLMC bivariate cases revealed that economic growth, coal consumption, and natural resources drive CO2 emissions positively at all frequencies, that is, in the short and long‐term, thus leading to environmental degradation. Furthermore, the wavelet coherence results support the outcomes of the WLMC bivariate cases. This study offers significant implications for policy and insights that are supported by the findings.

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Section: Methodsmentioning

confidence: 92%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

Adebayo

2022

Geological Journal

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“…They found that Bhutan, Ethiopia, France, Greece, Japan, Mexico, Uruguay, and the Netherland had all implemented energy conservation measures. Several researchers have discovered that regions in the Eurozone and around the world have become more aware of the importance of international trade in promoting structural reforms and the implementation of sustainable power (Kuo et al 2022), and this has led to a rise in the use of renewable sources in the Asia and around the world. Developing finance sources from an economic viewpoint has yielded several resource efficiency advantages.…”

Section: Literature Reviewmentioning

confidence: 99%

A step towards green economic policy framework: role of renewable energy and climate risk for green economic recovery

Guo

Kuang

2022

Econ Change Restruct

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According to the World Bank, energy efficiency is a critical facilitator of most Sustainable Development Goals. Its contribution to CO2 emission reduction is astounding. Environmentalists have recently emphasized the essential need to determine energy efficiency causes. This research broadens the debate's horizons by proposing additional possible energy efficiency factors using data from the Chinese economy. From 1990 to 2020, we examined the influence of investment in renewable energy resources, financial inclusion, industrial production, and trade openness on China's energy efficiency and climate risk. Additionally, this study is added to the literature by examining the causal relationships between variables while considering the temporal dimension. The findings indicate that industrial production, financial inclusion, public R&D on renewable energy, and trade openness contribute significantly to China's energy efficiency and climate risk. All other factors, except industrial production, are positively associated with energy efficiency. The path of causality is established from energy efficiency and climate risk to financial inclusion, industrial production, renewable energy, public research and development budgets, and trade openness. According to the findings, changes in energy performance have frequency-changing impacts on all variables. Policymakers believe that the financial system must be strengthened since this will significantly influence renewable energy.

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“…They also reported a unidirectional causal relationship between RE consumption and EG, in addition to revealing a unidirectional causality relationship between RE consumption and environmental sustainability over both the short and long run. Recently, Kuo et al (2022) conducted panel data analysis using data from 10 Asian countries between 1995 and 2019, studying the relationship between RE and NRE sources, EG, and CE. The authors employed the cross sectional-autoregressive distributed lag (CS-ARDL) approach for the estimation of panel data, and the test results indicated that EG and NRE sources increase CE; however, they also suggested that the use of RE reduced CE.…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental Sustainability at the Nexus of Energy Consumption Preferences and Economic Growth

ÖZPARLAK

2022

Preprint

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The energy demand of national economies is increasing, with a substantial portion driven by non-renewable energy (NRE) sources. Increased consumption of NRE causes an increase in carbon dioxide (CO2) emission rates. Therefore, climate change is one of the serious issues worldwide. On the other hand, renewable energy (RE) sources are the best alternative clean energy sources to NRE sources. After leaving NRE, is it possible to deal with global warming by only using RE? To find an answer to the question, we investigated the long and short-term impact on the CE of the energy preferences of the analyzed. Therefore, we analysed the causality relationship between the rates of CO2 emissions (CE), use of RE and NRE sources, along with economic growth (EG) rates of various countries. The G-20 countries consume the most FF worldwide, and 19 of these nations were responsible for an average of 73.8% of the increase in global CE from 1966 to 2020. The G-20 countries were considered during 1966–2020 using the fully modified ordinary least square and dynamic ordinary least square methods. Additionally, the existence of cointegration between variables was examined by Pedroni, Johansen Multivariate Co-integration and Kao tests. According to the cointegration test results, in the long term, a 1% increase in the use of fossil fuels (FF) caused an increase in CE rates between 0.40% and 0.57%, whereas a 1% increase in the use of RE sources contributed to a 0.03% decrease in CE. Moreover, a 1% increase in EG caused an increase in CE rates ranging from 0.10 to 0.14%. According to the panel causality test, it is clear that RE sources alone are not sufficient to deal with climate change in the short term. Therefore, in addition to reducing the use of FF to zero, the protection and development of natural carbon sinks such as forests, oceans, and soils are mandatory to control climate change in the short and long term.

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Fresh evidence on environmental quality measures using natural resources, renewable energy, non-renewable energy and economic growth for 10 Asian nations from CS-ARDL technique

Cited by 35 publications

References 43 publications

Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

Trade‐off between environmental sustainability and economic growth through coal consumption and natural resources exploitation in China: New policy insights from wavelet local multiple correlation

A step towards green economic policy framework: role of renewable energy and climate risk for green economic recovery

Environmental Sustainability at the Nexus of Energy Consumption Preferences and Economic Growth

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