The influence of renewable energy usage on consumption-based carbon emissions in MINT economies

Adebayo, Tomiwa Sunday; Awosusi, Abraham Ayobamiji; Rjoub, Husam; Agyekum, Ephraim Bonah; Kırıkkaleli, Derviş

doi:10.1016/j.heliyon.2022.e08941

Cited by 95 publications

(48 citation statements)

References 70 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Globalization, the advancement in technology, and the implementation of environmental legislation have greatly decreased energy-related greenhouse gas emissions in both industrialized and emerging nations (e.g., South Africa). Moreover, the composition of total waste has changed from greenhouse gas (GHGs) emissions toward other forms of pollutants such as effluents and solid waste [ 1 , 2 , 3 ]. These conclusions suggest that the overall environmental pollution remains significantly high, necessitating more reform initiatives under the defined sustainable development goals.…”

Section: Introductionmentioning

confidence: 99%

A Roadmap toward Achieving Sustainable Environment: Evaluating the Impact of Technological Innovation and Globalization on Load Capacity Factor

Awosusi

Kutlay

Altuntaş

et al. 2022

IJERPH

Self Cite

View full text Add to dashboard Cite

Technological innovations have been a matter of contention, and their environmental consequences remain unresolved. Moreover, studies have extensively evaluated environmental challenges using metrics such as nitrogen oxide emissions, sulfur dioxide, carbon emissions, and ecological footprint. The environment has the supply and demand aspect, which is not a component of any of these indicators. By measuring biocapacity and ecological footprint, the load capacity factor follows a certain ecological threshold, allowing for a thorough study on environmental deterioration. With the reduction in load capacity factor, the environmental deterioration increases. In the context of the environment, the interaction between technological innovation and load capacity covers the demand and supply side of the environment. In light of this, employing the dataset ranging from 1980 to 2017 for the case of South Africa, the bound cointegration test in conjunction with the critical value of Kripfganz and Schneider showed cointegration in the model. The study also employed the ARDL, whose outcome revealed that nonrenewable energy usage and economic growth contribute to environmental deterioration, whereas technological innovation and globalization improve the quality of the environment. This study validated the hypothesis of the environmental Kuznets curve for South Africa, as the short-term coefficient value was lower than the long-term elasticity. Furthermore, using the frequency-domain causality test revealed that globalization and economic growth predict load capacity in the long term, and nonrenewable energy predicts load capacity factors in the long and medium term. In addition, technological innovation predicts load capacity factors in the short and long term. Based on the findings, we propose that policymakers should focus their efforts on increasing funding for the research and development of green technologies.

show abstract

Section: Introductionmentioning

confidence: 99%

A Roadmap toward Achieving Sustainable Environment: Evaluating the Impact of Technological Innovation and Globalization on Load Capacity Factor

Awosusi

Kutlay

Altuntaş

et al. 2022

IJERPH

Self Cite

View full text Add to dashboard Cite

show abstract

“…They also demonstrated that the CO 2 emissions of a country may be affected by the financial progress of its neighbors. A worldwide integration of economic and financial factors for natural resource-related and environmentally friendly goods and services is supported by the study's findings (Adebayo et al, 2022c). Researchers from studied the regional distribution of CO 2 emissions that when energy productivity improved, all six financial development metrics became more significant, resulting in increased CO 2 emissions despite their negative flood implications.…”

Section: Literature Reviewmentioning

confidence: 61%

Dynamic Effects of CO2 Emissions on Anticipated Financial Development of European Countries

Liu

Zhang

et al. 2022

Front. Environ. Sci.

View full text Add to dashboard Cite

This study investigates the motives behind the degrees of molecular pollution during the COVID-19 pandemic, which persisted from first walk 1 January 2020 to 31 December 2020. A spatial Durbin file model is used linked to an edge backslide model in this article to find the widely inclusive and nearby consequences of present-day plan and urbanization on nonrenewable energy source by things. The outcomes are discussed next: both were available in modern-day plan and urbanization from a generally inclusive standpoint. The geological consequences of CO2 emissions were concentrated on utilizing information from 22 European countries somewhere in the range of 1990–2020, and all through the examination cycle, the Durbin spatial model was discovered. Although factors such as gross domestic product per capita, urbanization, and energy power impact CO2 emissions, exchange receptivity stays unaltered. The findings will fill in as critical repercussions for state-run administrations, wellbeing experts, and regulators in the war against the return of COVID-19 in Europe. The great number of suggestions were worthless since the concept integrated six money-connected creation assessments into a coordinated arrangement. There is information to indicate that CO2 emissions are associated with money-related events in neighboring nations.

show abstract

“…Similarly, the paper by , Fakher et al (2021), andHaseeb et al (2018) reported that FD does not lessen emissions but rather amplifies it. Nonetheless, the research of Agyekum et al (2022) established that decrease in emissions within the global context is caused by the amplification of FD. Contrarily, the study of Zhang et al (2021) refuted the study of Kirikkaleli & Adebayo (2020), Güngör et al (2021, and by establishing an insignificant FD-emissions connection.…”

Section: Findings and Discussionmentioning

confidence: 99%

Linking Financial Development and Environment in Developed Nation Using Frequency Domain Causality Techniques: The Role of Globalization and Renewable Energy Consumption

Mosleh

Al-Geitany

Emeagwali

et al. 2022

Front. Environ. Sci.

Self Cite

View full text Add to dashboard Cite

The topic of whether globalization, energy consumption and financial development can substantially reduce emissions during the globalization era remains unanswered. In this context, this research highlights empirical indications supporting this theoretical discord; assessing the effect of globalization, energy consumption and financial development on the CO2 emissions in Japan (utilizing a dataset that spans between 1990 and 2019). The study employed the Autoregressive Distributed Lag (ARDL) technique and frequency domain causality to probe these relationships. Unlike other conventional causality tests, the frequency domain causality test can capture causality at different frequencies. The findings from the ARDL analysis disclosed that globalization and renewable energy contribute to the mitigation of CO2 emissions while fossil fuel, economic growth and financial development caused an upsurge in CO2 in Japan. Furthermore, the frequency domain demonstrated that all the exogenous variables can forecast CO2 mostly in the long-term which implies that any policy initiated based on the exogenous variables will impact emissions of CO2. Based on the results obtained, Japan has to improve its financial systems and increase its use of renewable energy. Furthermore, Japan needs to restructure its policy regarding globalization owing to the fact that it contributes to the degradation of the environment. Since globalization is a major driver of economic growth, the government should concentrate on luring and licensing investors that use environmentally beneficial (net-zero) technology.

show abstract

The influence of renewable energy usage on consumption-based carbon emissions in MINT economies

Cited by 95 publications

References 70 publications

A Roadmap toward Achieving Sustainable Environment: Evaluating the Impact of Technological Innovation and Globalization on Load Capacity Factor

A Roadmap toward Achieving Sustainable Environment: Evaluating the Impact of Technological Innovation and Globalization on Load Capacity Factor

Dynamic Effects of CO2 Emissions on Anticipated Financial Development of European Countries

Linking Financial Development and Environment in Developed Nation Using Frequency Domain Causality Techniques: The Role of Globalization and Renewable Energy Consumption

Contact Info

Product

Resources

About