Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC
When assessing sustainability performance, researchers often ignore the implications of combining energy, economic, and environmental factors. To address this void, we assess the consequence of energy dis-aggregation proceeding carbon emissions in SAARC nations. The majority of energy resources are...
| Main Authors: | , , , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2024-01-01
|
| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://econjournals.com/index.php/ijeep/article/view/15049 |
| _version_ | 1797353189497896960 |
|---|---|
| author | Ahsan Akbar Azeem Gul Mariam Sohail Martina Hedvicakova Syed Arslan Haider Sareer Ahmad Samra Iqbal |
| author_facet | Ahsan Akbar Azeem Gul Mariam Sohail Martina Hedvicakova Syed Arslan Haider Sareer Ahmad Samra Iqbal |
| author_sort | Ahsan Akbar |
| collection | DOAJ |
| description |
When assessing sustainability performance, researchers often ignore the implications of combining energy, economic, and environmental factors. To address this void, we assess the consequence of energy dis-aggregation proceeding carbon emissions in SAARC nations. The majority of energy resources are renewable and non-renewable, which contributes to a rise in carbon dioxide emissions. This study aims to provide a thorough understanding of the energy utilization dioxide emissions nexus. The panel data sets covering the period 1971-2020 for the SAARC nations have been used for analysis. The data set was used to assess the effect of renewable and non-renewable energy consumption on emissions of carbon dioxide by factoring in other CO2-producing variables such as urbanization, primary and secondary education, globalization, and economic development. Panel Fully Modified Ordinary Least Squares (FMOLS) was used to examine the connection. According to research comparing the impact of renewable and non-renewable energy consumption upon Carbon dioxide emission, whereas non-renewable energy consumption increases CO2 emissions, renewable energy consumption decreases them. Urbanization, globalization, primary education, and economic growth increase carbon emissions, while secondary education contributes to environmental quality improvement via CO2 reduction. Therefore, increasing the usage of renewable energy and enhancing awareness through higher education may help SAARC nations to reduce pollution emissions.
|
| first_indexed | 2024-03-08T13:27:33Z |
| format | Article |
| id | doaj.art-6db9b195352445efb1866889724904a3 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-08T13:27:33Z |
| publishDate | 2024-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-6db9b195352445efb1866889724904a32024-01-17T14:42:51ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-01-0114110.32479/ijeep.15049Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARCAhsan Akbar0Azeem Gul1Mariam Sohail2Martina Hedvicakova3Syed Arslan Haider4Sareer Ahmad5Samra Iqbal6Department of Informatics and Quantitative Methods, Faculty of Informatics and Management, University of Hradec Kralove, 50003 Czech RepublicDepartment of International Relations, National University of Modern Languages, Islamabad, PakistanESc Clermont Business School, Clermont Ferrand, FranceDepartment of Economics, Faculty of Informatics and Management, University of Hradec Kralove, Hradec Kralove, Czech RepublicDepartment of Management, Sunway Business School (SBS), Sunway University, No 5, Jalan Universiti, Bandar Sunway, 47500 Selangor Darul Ehsan, MalaysiaSchool of Economics, Quaid-I-Azam University, Islamabad, PakistanSchool of Economics, Quaid-I-Azam University, Islamabad, Pakistan When assessing sustainability performance, researchers often ignore the implications of combining energy, economic, and environmental factors. To address this void, we assess the consequence of energy dis-aggregation proceeding carbon emissions in SAARC nations. The majority of energy resources are renewable and non-renewable, which contributes to a rise in carbon dioxide emissions. This study aims to provide a thorough understanding of the energy utilization dioxide emissions nexus. The panel data sets covering the period 1971-2020 for the SAARC nations have been used for analysis. The data set was used to assess the effect of renewable and non-renewable energy consumption on emissions of carbon dioxide by factoring in other CO2-producing variables such as urbanization, primary and secondary education, globalization, and economic development. Panel Fully Modified Ordinary Least Squares (FMOLS) was used to examine the connection. According to research comparing the impact of renewable and non-renewable energy consumption upon Carbon dioxide emission, whereas non-renewable energy consumption increases CO2 emissions, renewable energy consumption decreases them. Urbanization, globalization, primary education, and economic growth increase carbon emissions, while secondary education contributes to environmental quality improvement via CO2 reduction. Therefore, increasing the usage of renewable energy and enhancing awareness through higher education may help SAARC nations to reduce pollution emissions. https://econjournals.com/index.php/ijeep/article/view/15049Renewable and Non-renewable Energy, Carbon Dioxide Emission, SAARC, Economic Growth |
| spellingShingle | Ahsan Akbar Azeem Gul Mariam Sohail Martina Hedvicakova Syed Arslan Haider Sareer Ahmad Samra Iqbal Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC International Journal of Energy Economics and Policy Renewable and Non-renewable Energy, Carbon Dioxide Emission, SAARC, Economic Growth |
| title | Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC |
| title_full | Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC |
| title_fullStr | Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC |
| title_full_unstemmed | Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC |
| title_short | Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC |
| title_sort | impact of renewable and non renewable energy resources on co2 emission empirical evidence from saarc |
| topic | Renewable and Non-renewable Energy, Carbon Dioxide Emission, SAARC, Economic Growth |
| url | https://econjournals.com/index.php/ijeep/article/view/15049 |
| work_keys_str_mv | AT ahsanakbar impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT azeemgul impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT mariamsohail impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT martinahedvicakova impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT syedarslanhaider impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT sareerahmad impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc AT samraiqbal impactofrenewableandnonrenewableenergyresourcesonco2emissionempiricalevidencefromsaarc |