Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India
Abstract This paper investigates the role of nuclear energy in promoting ecological sustainability in India, focusing on three ecological indicators: ecological footprint (EF), CO2 emissions (CO2), and load capacity factor (LF). In addition to nuclear energy, the study considers the influence of gas...
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| Format: | Article |
| Language: | English |
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Nature Portfolio
2023-07-01
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| Series: | Scientific Reports |
| Online Access: | https://doi.org/10.1038/s41598-023-38189-4 |
| _version_ | 1797784637640015872 |
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| author | Tomiwa Sunday Adebayo Ilhan Ozturk Mehmet Ağa Solomon Eghosa Uhunamure Dervis Kirikkaleli Karabo Shale |
| author_facet | Tomiwa Sunday Adebayo Ilhan Ozturk Mehmet Ağa Solomon Eghosa Uhunamure Dervis Kirikkaleli Karabo Shale |
| author_sort | Tomiwa Sunday Adebayo |
| collection | DOAJ |
| description | Abstract This paper investigates the role of nuclear energy in promoting ecological sustainability in India, focusing on three ecological indicators: ecological footprint (EF), CO2 emissions (CO2), and load capacity factor (LF). In addition to nuclear energy, the study considers the influence of gas consumption and other drivers of ecological sustainability using data spanning from 1970 to 2018. The analysis also takes into account the impact of the 2008 global financial crisis on the model, employing the autoregressive distributed lag (ARDL) and frequency domain causality approaches to assess the relationships. Unlike previous studies, this research evaluates both the Environmental Kuznets Curve (EKC) and load capacity curve (LCC) hypotheses. The ARDL results support the validity of both the EKC and LCC hypotheses in the Indian context. Furthermore, the findings reveal that nuclear energy and human capital contribute positively to ecological quality, while gas consumption and economic growth have a negative impact on ecological sustainability. The study also highlights the increasing effect of the 2008 global financial crisis on ecological sustainability. Additionally, the causality analysis demonstrates that nuclear energy, human capital, gas consumption, and economic growth can serve as predictors of long-term ecological sustainability in India. Based on these findings, the research presents policy recommendations that can guide efforts towards achieving SDGs 7 and 13. |
| first_indexed | 2024-03-13T00:42:45Z |
| format | Article |
| id | doaj.art-9c72293211fb43c8ab653088a910cf07 |
| institution | Directory Open Access Journal |
| issn | 2045-2322 |
| language | English |
| last_indexed | 2024-03-13T00:42:45Z |
| publishDate | 2023-07-01 |
| publisher | Nature Portfolio |
| record_format | Article |
| series | Scientific Reports |
| spelling | doaj.art-9c72293211fb43c8ab653088a910cf072023-07-09T11:13:35ZengNature PortfolioScientific Reports2045-23222023-07-0113111510.1038/s41598-023-38189-4Role of natural gas and nuclear energy consumption in fostering environmental sustainability in IndiaTomiwa Sunday Adebayo0Ilhan Ozturk1Mehmet Ağa2Solomon Eghosa Uhunamure3Dervis Kirikkaleli4Karabo Shale5Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International UniversityCollege of Business Administration, University of SharjahDepartment of Finance and Banking, European University of LefkeFaculty of Applied Sciences, Cape Peninsula of TechnologyDepartment of Banking and Finance, Faculty of Economic and Administrative Sciences, European University of LefkeFaculty of Applied Sciences, Cape Peninsula of TechnologyAbstract This paper investigates the role of nuclear energy in promoting ecological sustainability in India, focusing on three ecological indicators: ecological footprint (EF), CO2 emissions (CO2), and load capacity factor (LF). In addition to nuclear energy, the study considers the influence of gas consumption and other drivers of ecological sustainability using data spanning from 1970 to 2018. The analysis also takes into account the impact of the 2008 global financial crisis on the model, employing the autoregressive distributed lag (ARDL) and frequency domain causality approaches to assess the relationships. Unlike previous studies, this research evaluates both the Environmental Kuznets Curve (EKC) and load capacity curve (LCC) hypotheses. The ARDL results support the validity of both the EKC and LCC hypotheses in the Indian context. Furthermore, the findings reveal that nuclear energy and human capital contribute positively to ecological quality, while gas consumption and economic growth have a negative impact on ecological sustainability. The study also highlights the increasing effect of the 2008 global financial crisis on ecological sustainability. Additionally, the causality analysis demonstrates that nuclear energy, human capital, gas consumption, and economic growth can serve as predictors of long-term ecological sustainability in India. Based on these findings, the research presents policy recommendations that can guide efforts towards achieving SDGs 7 and 13.https://doi.org/10.1038/s41598-023-38189-4 |
| spellingShingle | Tomiwa Sunday Adebayo Ilhan Ozturk Mehmet Ağa Solomon Eghosa Uhunamure Dervis Kirikkaleli Karabo Shale Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India Scientific Reports |
| title | Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India |
| title_full | Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India |
| title_fullStr | Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India |
| title_full_unstemmed | Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India |
| title_short | Role of natural gas and nuclear energy consumption in fostering environmental sustainability in India |
| title_sort | role of natural gas and nuclear energy consumption in fostering environmental sustainability in india |
| url | https://doi.org/10.1038/s41598-023-38189-4 |
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