Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future
Anthropogenic environmental pollution has become a global concern due to its profound impact on Earth's ecosystems. This study examines the interrelation between energy resources (both renewable and non-renewable), economic growth, and CO2 emissions across G-20 countries, using historical data...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2024-03-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X24000087 |
| _version_ | 1797235637396439040 |
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| author | Sobia Naseem Xuhua Hu Muddassar Sarfraz Muhammad Mohsin |
| author_facet | Sobia Naseem Xuhua Hu Muddassar Sarfraz Muhammad Mohsin |
| author_sort | Sobia Naseem |
| collection | DOAJ |
| description | Anthropogenic environmental pollution has become a global concern due to its profound impact on Earth's ecosystems. This study examines the interrelation between energy resources (both renewable and non-renewable), economic growth, and CO2 emissions across G-20 countries, using historical data from 1990 to 2020. The study employs a robustness analysis to confirm the stability and consistency of the data acquired from the primary approaches. The study utilizes FMOLS (Fully Modified Ordinary Least Squares) and DOLS (Dynamic Ordinary Least Squares) methodologies to investigate endogeneity issues and examine the dynamic linkages in long-term and short-term contexts. The analysis is bifurcated based on two distinct dependent variables: CO2 emissions from gas and oil. Results indicate that gas and oil energies directly augment CO2 emissions. While hydro and renewable energies typically diminish CO2 emissions, specific quantiles suggest a slight increase, indicating an indirect contribution. GDP's quantile transition from positive to negative implies that economic growth can curtail CO2 emissions, suggesting a shift in developed economies from non-renewable to renewable energy dependencies. This study offers insightful policy implications, emphasizing the need to transition from harmful conventional energy sources to renewables to align with the Sustainable Development Goals (SDGs) for 2030. |
| first_indexed | 2024-03-08T06:56:22Z |
| format | Article |
| id | doaj.art-dbb9028459de4861889b3909a05d47c4 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-04-24T16:51:07Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-dbb9028459de4861889b3909a05d47c42024-03-29T05:49:56ZengElsevierEnergy Strategy Reviews2211-467X2024-03-0152101301Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable futureSobia Naseem0Xuhua Hu1Muddassar Sarfraz2Muhammad Mohsin3School of Finance and Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR China; Institute of Industrial Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR ChinaSchool of Finance and Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR China; Institute of Industrial Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR China; Corresponding author.Institute of Industrial Economics, Jiangsu University, Zhenjiang, Jiangsu Province, PR China.School of Management, Zhejiang Shuren University, Hangzhou, PR China; Corresponding author.School of Business, Hunan University of Humanities, Science and Technology, 417000, Loudi, Hunan, PR ChinaAnthropogenic environmental pollution has become a global concern due to its profound impact on Earth's ecosystems. This study examines the interrelation between energy resources (both renewable and non-renewable), economic growth, and CO2 emissions across G-20 countries, using historical data from 1990 to 2020. The study employs a robustness analysis to confirm the stability and consistency of the data acquired from the primary approaches. The study utilizes FMOLS (Fully Modified Ordinary Least Squares) and DOLS (Dynamic Ordinary Least Squares) methodologies to investigate endogeneity issues and examine the dynamic linkages in long-term and short-term contexts. The analysis is bifurcated based on two distinct dependent variables: CO2 emissions from gas and oil. Results indicate that gas and oil energies directly augment CO2 emissions. While hydro and renewable energies typically diminish CO2 emissions, specific quantiles suggest a slight increase, indicating an indirect contribution. GDP's quantile transition from positive to negative implies that economic growth can curtail CO2 emissions, suggesting a shift in developed economies from non-renewable to renewable energy dependencies. This study offers insightful policy implications, emphasizing the need to transition from harmful conventional energy sources to renewables to align with the Sustainable Development Goals (SDGs) for 2030.http://www.sciencedirect.com/science/article/pii/S2211467X24000087Energy resourcesEconomic growthSDGs-2030G-20 countriesCO2 emissions |
| spellingShingle | Sobia Naseem Xuhua Hu Muddassar Sarfraz Muhammad Mohsin Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future Energy Strategy Reviews Energy resources Economic growth SDGs-2030 G-20 countries CO2 emissions |
| title | Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future |
| title_full | Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future |
| title_fullStr | Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future |
| title_full_unstemmed | Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future |
| title_short | Strategic assessment of energy resources, economic growth, and CO2 emissions in G-20 countries for a sustainable future |
| title_sort | strategic assessment of energy resources economic growth and co2 emissions in g 20 countries for a sustainable future |
| topic | Energy resources Economic growth SDGs-2030 G-20 countries CO2 emissions |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X24000087 |
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