The Impact of Renewable Energy on Sustainable Economic Growth in Vietnam

Le, Thanh Tiep; Huan, Ngo Quang; Hong, Tran Thi Thuy

doi:10.32479/ijeep.10345

Cited by 6 publications

(3 citation statements)

References 40 publications

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“…Anwar et al (2021) examined the impact of public private investment partnership in transportation, REC, urbanisation, and economic growth on transportation-induced carbon emissions over the period of 1990Q1–2018Q4 by applying Quantile Autoregressive Distributed Lag (QARDL) methodology. Tiep, Huan, and Hong (2020) examined impact of renewable energy on sustainable economic growth for Vietnam by employing covariance based structural equation model (CB-SEM). The study suggested positive impact of solar, hydro, wind, bio and geothermal energy on sustainable energy supply.…”

Section: Literature Reviewmentioning

confidence: 99%

Does Renewable Energy Consumption Mitigate Carbon Emissions for India?

Manocha¹

2022

Journal of Infrastructure Development

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Developing economies have an urge for development and energy is the lifeline of development. However, the consumption of non-renewable energy resources is emerging as a major concern towards environmental degradation. India is sailing in the same boat wherein the policy makers are trying to strike a balance between development and environment. Attainment of sustainable development that supports environment is vital, therefore, the Government of India is extensively promoting use of renewable energy resources. The present study is an attempt to empirically evaluate the impact of renewable energy consumption (REC) on India’s carbon emission over the period of 1990–2020 by employing autoregressive distributed lag (ARDL) model. To underline it, two model frameworks have been formed; one with environmental Kuznets curve (EKC) and another without EKC specification. The result for REC variable was found to be negative but insignificant with EKC framework, and negative and significant without EKC specifications indicating reduction in carbon emissions with the use of renewable energy resources. The results indicate that more extensive use of renewable energy resources might work towards making the REC coefficient more significant towards India’s environment.

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Section: Literature Reviewmentioning

confidence: 99%

Does Renewable Energy Consumption Mitigate Carbon Emissions for India?

Manocha¹

2022

Journal of Infrastructure Development

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“…It create domestic and regional economic opportunities, enhance the scope of domestic production, and augment exports of local products. Environmentally friendly energies are those renewable resources that do not adversely affect the quality of the environment, are infinite, are relatively cheaper over protracted periods, and are sustainable in the future (Huan & Hong, 2020). Green energy is the sole factor of production and is the solution to future environmental challenges.…”

Section: Introductionmentioning

confidence: 99%

Does Environment Really Matter for Economic Sustainability: Exploring the Role of Green Energy in Pakistan's Economy

Naqvi,

Zahra,

Memon

2024

Pak. J. Humanit. Soc. Sci

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The key objective of the study is to investigate empirically the long-run Environment and Growth Sustainability nexus in Pakistan economy. To empirically achieve the objectives of the study, the Auto-Regressive Distributed Lag (ARDL) Bound testing method was employed from 1990 to 2022. Green energy is used to signify environmental performance indicators and GDP growth rate along with other conventional growth factors; physical capital and human capital are used as potential economic sustainability indicators. To rationalize the findings of ARDL, restricted and unrestricted models are also estimated. The findings of the study disclose that the series under consideration are co-integrated which directs the existence of the long-run relationship. It is found that green energy enhances economic sustainability in the long run however it adversely impacts economic sustainability in the short run in the case of Pakistan's economy. The empirical outcomes of the study validate the widespread concern of the literature on the existence of the “growth hypothesis” which supports, that there is a systematic positive causation running from green energy to economic sustainability. The study findings suggest that regulations in the energy sector can encourage the applications of green energy resources, particularly in the real sector of the economy, leading to reduced emissions. It is important to adopt international standards for firms and industries and an international collaboration framework is required to ensure economic sustainability to prevent environmental degradation.

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“…In regards to environmental sustainability, renewable energy is viewed as a way for a country to achieve many objectives, such as improving energy access, reducing air pollution, and improving the environment. These objectives benefit not only the economy but also the environment and the living standards of a nation's people (Huan and Hong, 2020). Renewable and alternative energy (clean energy) sources like wind, solar, biofuels, hydro, and others are the foundation for the energy transition to a low or zero dioxide and sustainable energy system (Khan et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Green Growth, Environmental Quality, Energy Consumption Nexus in OECD Countries

Ghafoor,

Sheikh,

Baqir

2023

BBE

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Sustainable economic development is desirably terrible for improving social welfare. It implies that economic development should not be at the cost of environmental degradation, but rather environmental sustainability should be maintained. This study has examined the green growth, environmental quality, and energy consumption nexus in 38 OECD countries using panel data from 1991 to 2020. We have estimated two models. The first model explores the impact of green growth on environmental quality and the second model probes the link between non-green growth and environmental degradation. For this purpose, the ARDL technique has been used to estimate the results. Green growth has not followed the environmental Kuznut Curve theory while Non-Green growth has validated the environmental Kuznut Curve theory. Furthermore, Environmentally friendly technological innovation, renewable energy consumption, environmental-related tax, and human capital turn out with negative signs while foreign direct investment and trade openness are positively related to environmental degradation. The study also suggests policies to decarbonize or minimize the emissions in the economies.

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The Impact of Renewable Energy on Sustainable Economic Growth in Vietnam

Cited by 6 publications

References 40 publications

Does Renewable Energy Consumption Mitigate Carbon Emissions for India?

Does Renewable Energy Consumption Mitigate Carbon Emissions for India?

Does Environment Really Matter for Economic Sustainability: Exploring the Role of Green Energy in Pakistan's Economy

Green Growth, Environmental Quality, Energy Consumption Nexus in OECD Countries

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