The effect of energy resources on economic growth and carbon emissions: A way forward to carbon neutrality in an emerging economy

Hu, Kexiang; Raghutla, Chandrashekar; Chittedi, Krishna Reddy; Zhang, Rui; Koondhar, Mansoor Ahmed

doi:10.1016/j.jenvman.2021.113448

Cited by 102 publications

(43 citation statements)

References 74 publications

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“…As expected, there is a strong negative correlation between CO 2 emissions and renewable energy consumption (Bilgili et al 2016 ), which confirms the fundamental role of renewable energy in reducing CO 2 emissions. This finding is similar to existing energy literature such as Apergis et al ( 2018 ) and Brini ( 2021 ) for the case of Africa countries and Chen et al ( 2019 ), Hu et al ( 2021 ), and Zhang et al ( 2021 ) for the case of China. In addition, CO 2 emissions also play a positive role in promoting industrial and agricultural output and export, but renewable energy has a negative impact on export.…”

Section: Discussionsupporting

confidence: 92%

“…This result is consistent with previous empirical results, and it further confirms the fundamental role of renewable energy in reducing CO 2 emissions. This result was supported by studies undertaken in relation to China by Chen et al ( 2019 ) and Zhang et al ( 2021 ) and in emerging economies by Hu et al ( 2021 ). However, we find that renewable energy has promoted industrial and agricultural output to a certain extent, but inhibited export (Bhattacharya et al 2016 ; Dogan et al 2016 ; Ito, 2017 ).…”

Section: Resultssupporting

confidence: 66%

“…This also provides a strong basis for the development and reduction of renewable energy in China and the long-term implementation of the emission control policy. These results were supported by studies undertaken in relation to African countries by Brini ( 2021 ), in China by Chen et al ( 2019 ) and Zhang et al ( 2021 ), and globally by Hu et al ( 2021 ).…”

Section: Resultssupporting

confidence: 63%

“…In recent years, energy consumption relying on burning fossil fuels has led to a rapid increase in global greenhouse gas emissions, causing climate change and environmental degradation (Ahmad et al 2018 ; Hu et al 2021 ; Zhang et al 2021 ). Riti et al ( 2017 ) have used different estimation methods, such as ARDL (autoregressive distributed hysteresis) model, FMOLS, DOLS, and impulse response and variance decomposition to examine the relationship between CO 2 emissions, economic growth, and energy consumption in China.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This finding is similar to existing energy literature such as Chen et al ( 2019 ) and Zhang et al ( 2021 ) for the case of China and Brini ( 2021 ) for the case of African countries. In response to this view, Hu et al ( 2021 ) found a unidirectional causal relationship between renewable energy consumption and CO 2 emissions by examining the effects of disaggregated energy consumption, technological innovation, and capital on economic output and CO 2 emissions in India over the period from 1990 to 2018, although renewable energy consumption can significantly reduce CO 2 emissions in India. Nevertheless, Farhani and Shahbaz ( 2014 ) have investigated the panel data of 10 Middle East and North Africa (MENA) countries from 1980 to 2009 and found that renewable energy consumption has all contributed to the increase of CO 2 emissions, and there seems to be a two-way causality relationship between renewable energy consumption and CO 2 emissions (supporting feedback hypothesis).…”

Section: Literature Reviewmentioning

confidence: 99%

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The relationship between renewable energy consumption, carbon emissions, output, and export in industrial and agricultural sectors: evidence from China

Hao

2022

Environ Sci Pollut Res

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This paper examines the long-term and short-term relationships between renewable energy consumption, output and export, and CO 2 emissions in China over the period 1990–2020 from the perspective of industry and agriculture using econometric methods. The results of the study found that there is a long-run relationship and there is a causality between these variables, indicating that renewable energy consumption, output, and export are related to CO 2 emissions. Specifically, from a long-term perspective, the results of co-integration and causality reveal that there is a two-way causal relationship between renewable energy consumption, output, export, and CO 2 emissions, supporting the feedback hypothesis; that is, output and export have an adverse impact on the environment, while renewable energy consumption has a favorable impact on the environment. In the short term, there is a direct or indirect one-way causal relationship between export, CO 2 emissions, and renewable energy consumption, which supports the growth hypothesis. The impulse response analysis has further verified the causality test results and supported this hypothesis. However, there is a strong negative correlation between industrial and agricultural export and renewable energy consumption, which will cause the use of renewable energy to fail to meet the peak demand for industrial and agricultural export in the short term. Conversely, large amounts of fossil fuels will be consumed to meet output and export demand. Therefore, on the road to social, economic, and environmental sustainability, it is necessary to consider the impact of economic growth and energy consumption (renewable and non-renewable energy) of related industries on CO 2 emissions, which also provides a strong basis for the development and reduction of China’s renewable energy and the long-term implementation of the emission control policy.

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