Revisiting Environmental Kuznets Curves through the energy price lens

Rodrı́guez, Miguel Á.; Pena‐Boquete, Yolanda; Pardo–Fernández, Juan Carlos

doi:10.1016/j.enpol.2016.04.038

Cited by 32 publications

(15 citation statements)

References 48 publications

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“…In terms of elasticity, an increase in GDP per capita by 1% will result in 3.725% increase in environmental degradation. These results complement several other studies on the growth-environment nexus (see Rodríguez et al, 2016 Pablo-Romero et al, 2017).…”

Section: Empirical Findingssupporting

confidence: 91%

CO₂ emissions and sustainable economic development: New evidence on the role of human capital

Khan

2020

Sustainable Development

113

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The empirical literature testing the Environmental Kuznets Curve hypothesis reports mixed results on the existence of this relationship. This study argues that the effects of economic development on CO 2 emissions are contingent upon the level of human capital. In the beginning, when human capital starts increasing from its low levels, more education accelerates the use of non-renewable resources and increases pollution emissions. However, when certain threshold levels of schooling are traversed, further enrollments reduce CO 2 emissions by promoting environmental awareness and facilitating the use of environment friendly technologies. To test these competing possibilities, we rely upon an innovative threshold technique where incomepollution relationship is piecewise linear with human capital serving as regime switching trigger. Our empirical findings using a large sample of 122 economies over the period 1980 to 2014 support the contingency effects of human capital in the income-environment relationship. These results are also supported by our findings from cross-sectional regressions in the presence of multiplicative interaction term of income and human capital. Based on these results we argue that an increase in education is necessary for reducing the environmental degradation and ensuring the sustainability of economic development.

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Section: Empirical Findingssupporting

confidence: 91%

CO₂ emissions and sustainable economic development: New evidence on the role of human capital

Khan

2020

Sustainable Development

113

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“…According to the literature on environmental economics [60,61], the empirical relationship between income and emissions can be based on a general model of the following type:…”

Section: Methodsmentioning

confidence: 99%

Institutional Change and Environment: Lessons from the European Emission Trading System

et al. 2018

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After more than ten years of operation of EU-ETS trading, it is time to analyse the results and draw lessons from the experience. Economic research typically considers emission price as the main explanatory variables when measuring the effects of Emission Trading Systems. The novelty of this work is to analyse whether or not trade alone, as an institutional change, is effective in reducing greenhouse gases emissions. The objective of this paper is to analyse to what extent the EU-ETS as a "regulatory" instrument of the supply of allowances is responsible for the effectiveness of the carbon market as a basic tool in the reduction of emissions. The analysis also includes other overlapping policies aimed at fighting climate change, for example, the promotion of renewables. For the empirical analysis, an econometric model is estimated using panel data for the 28 European Union countries between 1990 and 2014. The econometric model include three dummy variables to measure the effectiveness of the three phases of the EU-ETS commerce in reducing emissions. Furthermore, we analyse how effective the phases are when renewables energies are included in the analysis. The results show that the EU-ETS is effective to reduce emissions and each phase has a greater impact on the reduction. Nevertheless, the system should be more flexible to adapt to the fluctuations in the demand for rights.

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“…However, when quantile cointegration is used the results support the validity of the EKC hypothesis in the majority of the countries. Rodriguez, Pena‐Boguete, and Pardo‐Fernardez () analyse balanced panel data of EU13 countries, Japan and US over the period 1979–2004. They find a positive, but marginal decreasing, relationship between CO 2 emissions and development (GDP per capita) and a relative decoupling between the two variables.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable development, environmental policy and renewable energy use: A dynamic panel data approach

Fotis¹,

Polemis

2018

Sustainable Development

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The aim of this paper is to cast light on the relationship between sustainable development environmental policy and renewable energy use. We utilize a dynamic GMM approach over a panel of 34 European Union (EU) countries spanning the period 2005-2013. Our findings reveal a positive monotonic relationship between development and pollution. Energy saving positively affects environmental degradation, while energy intensity increases air pollution. Our findings imply important policy implications to policy makers toward sustainability. Despite the fact that the Europe "20-20-20" climate and energy package strategy seems to be achieved, the recently adopted Energy Roadmap 2050 must be updated on regular basis in order to be effectively implemented and monitored by government officials and firms' stakeholders. Therefore, we argue that EU countries must increase the use of new technology and renewable energy capacity in order to align environmental policies towards more efficient energy use and sustainable development among the EU periphery.

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Revisiting Environmental Kuznets Curves through the energy price lens

Cited by 32 publications

References 48 publications

CO₂ emissions and sustainable economic development: New evidence on the role of human capital

CO₂ emissions and sustainable economic development: New evidence on the role of human capital

Institutional Change and Environment: Lessons from the European Emission Trading System

Sustainable development, environmental policy and renewable energy use: A dynamic panel data approach

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Revisiting Environmental Kuznets Curves through the energy price lens

Cited by 32 publications

References 48 publications

CO2 emissions and sustainable economic development: New evidence on the role of human capital

CO2 emissions and sustainable economic development: New evidence on the role of human capital

Institutional Change and Environment: Lessons from the European Emission Trading System

Sustainable development, environmental policy and renewable energy use: A dynamic panel data approach

Contact Info

Product

Resources

About

CO₂ emissions and sustainable economic development: New evidence on the role of human capital

CO₂ emissions and sustainable economic development: New evidence on the role of human capital