The relationship between economic growth, renewable and nonrenewable energy use and CO2 emissions: empirical evidences for Brazil

Abstract

This article examined the causal relationship between economic growth, carbon dioxide (CO2), and renewable and nonrenewable energy use for the 27 Brazilian states from 1997 to 2016. In order to achieve this objective, the system‐generalized method of moment was applied together with the autoregressive vector model for panel data. Estimates of the multivariate model established important relationships to promote public policies. Empirical results show that there is a two‐way relationship between economic growth and CO2 emissions. While growth negatively causes CO2 emissions, the impact of CO2 emissions on economic growth is positive. Additionally, the degree of using nonrenewable energy has a positive effect on economic growth and CO2 emissions. On the other hand, renewable energy use positively affects economic growth and negatively affects CO2 emissions. Also, economic growth positively causes the use of energies derived from renewable and nonrenewable sources. Finally, as expected, CO2 emissions do not affect energy use. © 2021 Society of Chemical Industry and John Wiley & Sons, Ltd.

Load Capacity Factor and Financial Globalization in Brazil: The Role of Renewable Energy and Urbanization

“…The surge in renewable energy by 1% will decrease the level of load capacity factor by 0.177% in the long term. This outcome does not correspond with the findings of Alola et al (2021) and Amarante et al (2021), who reported that renewable energy can help to achieve a sustainable environment in China and Brazil. Also, reported a positive association between load capacity factor and renewable energy consumption in the United States.…”

Investigating the EKC hypothesis with renewable energy, nuclear energy, and R&D for EU: fresh panel evidence

“…According to claims, GDP has a negative coefficient and has both short- and long-term effects on CO2 emissions ; this implies that if GDP rises by 1%, CO2 emissions decrease by 0.779 percent and 1.720 percent, respectively. This result is similar to Amarante et al (2021) , Al-mulali et al (2016) , Ahmed (2020) , Akif and Asumadu (2019) , Prince and Okechukwu (2019) , Liu et al (2020) , Voumik et al (2022b) and Vo and Vo (2019) and the result is contradicted to Ozgur et al (2022) , Safi et al (2021) , Tao et al (2021) , Acaravci and Ozturk (2010) , Ahmed et al (2020) , Aydin et al (2019) , Awais and Wang (2019) , Abbasi et al (2020) , Bano et al (2018) , Tauseef et al (2019) , Erdogan et al (2020) , Fakher (2019) , Marrero (2010) , and Liu et al (2020) . By contrast, the coefficient of is positive and significant statistically, which shows that if rises by 1 percent, then it increases emissions by 0.0124 percent.…”

“…Renewable energy reduces CO2 emissions; that is, if renewable energy consumption increases by 1%, CO2 emissions are reduced by .1129 percent. This result is similar to Haldar and Sethi (2021) , Esquivias et al (2022) , Sahoo and Sethi (2021) , Amarante et al (2021) , Al-mulali et al (2016) , Erdogan et al (2020) , Marrero (2010) , Prince and Okechukwu (2019) , Liu et al (2020) , and Voumik et al (2022c) . Furthermore, the energy intensity coefficient value is .3953, which is both positive and significant, indicating that if energy intensity increases by 1%, CO2 emissions increase by .3953%.…”

“… Amarante et al (2021) illustrated that economic extension and CO 2 are linked in both directions. The amount of nonrenewable energy used also influences CO 2 emissions and economic growth favorably.…”

Relationships between Renewable Energy and the Prevalence of Morbidity in the Countries of the European Union: A Panel Regression Approach

“…Climate change and global warming may lead to a significant increase in heat-related mortality and morbidity in the future [ 5 ]. In this context, renewable energy appears to be a key aspect to improve the environment and health, but renewable energy also has a positive effect on economic growth and human development [ 6 , 7 ]. Based on these benefits, renewable energy plays an important role in a modern and responsible world consisting of healthy and prosperous countries.…”