How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions
This paper explores the relationship between renewable energy consumption, non-renewable energy, economic growth and urbanization on CO2 emissions of Saudi Arabia during 1990–2019 period. Using the OLS method and the quantile approach developed by Powell (2022), the results prove that the consumpti...
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| Format: | Article |
| Language: | English |
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EconJournals
2023-07-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | http://econjournals.com/index.php/ijeep/article/view/13773 |
| _version_ | 1797780957151887360 |
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| author | Mehdi Abid |
| author_facet | Mehdi Abid |
| author_sort | Mehdi Abid |
| collection | DOAJ |
| description |
This paper explores the relationship between renewable energy consumption, non-renewable energy, economic growth and urbanization on CO2 emissions of Saudi Arabia during 1990–2019 period. Using the OLS method and the quantile approach developed by Powell (2022), the results prove that the consumption of renewable energy significantly reduces the level of CO2 emissions; moreover, its impact increases with higher quantiles. On the other hand, non-renewable energy consumption increases CO2 emissions, while its effect decreases with higher quantiles. The empirical results also confirm the validity of the EKC hypothesis for the case of Saudi Arabia. Policymakers should implement policies and regulations to promote the adoption and use of renewable energy to improve environmental quality.
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| first_indexed | 2024-03-12T23:51:07Z |
| format | Article |
| id | doaj.art-455113397b4640d99a256fe27335f210 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-12T23:51:07Z |
| publishDate | 2023-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-455113397b4640d99a256fe27335f2102023-07-13T14:35:07ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-07-0113410.32479/ijeep.13773How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile RegressionsMehdi Abid0Department of Finance and Investment, Al Jouf University, Saudi Arabia. This paper explores the relationship between renewable energy consumption, non-renewable energy, economic growth and urbanization on CO2 emissions of Saudi Arabia during 1990–2019 period. Using the OLS method and the quantile approach developed by Powell (2022), the results prove that the consumption of renewable energy significantly reduces the level of CO2 emissions; moreover, its impact increases with higher quantiles. On the other hand, non-renewable energy consumption increases CO2 emissions, while its effect decreases with higher quantiles. The empirical results also confirm the validity of the EKC hypothesis for the case of Saudi Arabia. Policymakers should implement policies and regulations to promote the adoption and use of renewable energy to improve environmental quality. http://econjournals.com/index.php/ijeep/article/view/13773EKC Hypothesis, Renewable Energy, Non-renewable Energy, Saudi Arabia, Quantile Regression |
| spellingShingle | Mehdi Abid How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions International Journal of Energy Economics and Policy EKC Hypothesis, Renewable Energy, Non-renewable Energy, Saudi Arabia, Quantile Regression |
| title | How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions |
| title_full | How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions |
| title_fullStr | How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions |
| title_full_unstemmed | How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions |
| title_short | How Does Renewable Energy Consumption Affect Environmental Quality in Saudi Arabia? Evidence from Quantile Regressions |
| title_sort | how does renewable energy consumption affect environmental quality in saudi arabia evidence from quantile regressions |
| topic | EKC Hypothesis, Renewable Energy, Non-renewable Energy, Saudi Arabia, Quantile Regression |
| url | http://econjournals.com/index.php/ijeep/article/view/13773 |
| work_keys_str_mv | AT mehdiabid howdoesrenewableenergyconsumptionaffectenvironmentalqualityinsaudiarabiaevidencefromquantileregressions |