scholarly journals Exploring the Causal Nexus between Energy Consumption, Environmental Pollution and Economic Growth: Empirical Evidence from Central and Eastern Europe

Energies ◽  
2019 ◽  
Vol 12 (19) ◽  
pp. 3704 ◽  
Author(s):  
Armeanu ◽  
Gherghina ◽  
Pasmangiu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Greenhouse Gases ◽  
Environmental Pollution ◽  
Wind Power ◽  
Fossil Fuel ◽  
Pollutant Emissions ◽  
Solid Biofuels ◽  
Non Linear

Energy is considered a critical driver of social and economic progress, but the use of conventional energy from fossil fuel sources is viewed as the main contributor to greenhouse gases that cause global warming. To overcome such issues, renewable energy technologies appeared as a viable substitute which lessens pollutant emissions and protect the environment. This paper investigates the impact of energy consumption and environmental pollution on economic growth, also exploring the causal associations, for a sample of 11 Central and Eastern European states over the period 2000 to 2016. The outcomes of panel data regressions indicate evidence of a non-linear link between renewable energy (both overall, as well as in form of hydro and wind power) and gross domestic product per capita growth. The non-linear relations were also established in case of alternative & nuclear energy and fossil fuel energy consumption. However, the influence of non-renewable energy on growth was not statistically significant, whereas greenhouse gases emissions exhibited mostly a positive impact on economic growth. The robustness checks by panel fully modified and dynamic ordinary least squares showed almost the similar pattern of results. The results of Granger causalities within six panel vector error correction models supported in the short-run the conservation hypothesis for renewable energy (overall), but also for hydro power and solid biofuels, excluding charcoal. In the long-run the growth hypothesis was established for renewable energy (overall), along with wind power, solid biofuels, excluding charcoal and geothermal energy. The findings imply that CEECs policy makers should consider imperative investments in the development of renewable energy sector.

scholarly journals Energy mix, technological change, and the environment

2021 ◽  
Author(s):  
Anelí Bongers
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Alternative Energy ◽  
Fossil Fuel ◽  
Renewable Energy Sources ◽  
Rebound Effect ◽  
Clean Energy ◽  
Pollutant Emissions ◽  
Energy Sources ◽  
Energy Mix

AbstractThis paper studies the relationship between the energy mix and the environment using a theoretical framework in which two alternative energy sources are considered: fossil fuels (dirty energy) and renewable energy (clean energy). We find that a positive aggregate productivity shock increases energy consumption and emissions but reduces energy intensity and emissions per unit of output as renewable energy consumption increases, that is, carbon emissions are procyclical but emissions per unit of output are countercyclical. Second, an energy efficiency improvement provokes a “rebound effect” above 100% (the backfire effect), resulting in a rise of pollutant emissions by increasing energy use. Third, a technological improvement in emissions leads to a reduction in emissions per unit of fossil fuel, but also implies a slow-down in the adoption of renewable energy sources. Finally, we consider the case of a decentralized economy in which the government chooses an optimal specific tax on fossil fuel to maximize social welfare. We show that the “second-best” policy is highly effective in correcting the negative effects of the environmental externality and able to almost achive the centralized economy outcome.

scholarly journals Gray Correlation Analysis of Energy Consumption, Environmental Pollution, and Economic Growth in Subtropical Regions of China: Guangxi and Zhejiang as Examples

2019 ◽  
Vol 12 ◽  
pp. 194008291984810 ◽  
Author(s):  
Xiaochun Luo ◽  
Lin Lu ◽  
Zilong Wang ◽  
Liguo Yang
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Correlation Analysis ◽  
Environmental Pollution ◽  
Pollutant Emissions ◽  
Resource Endowment ◽  
The World ◽  
Gray Correlation ◽  
Gray Correlation Analysis

Energy usage strongly supports economic growth while also resulting in serious environmental problems. How to effectively use energy to achieve economic growth on the premise of environmental friendliness is an important topic on which to focus in the new century. China is the largest developing country in the world in terms of population. Its subtropical population is close to one half of its total population. The subtropical region is representative of China’s regions with delayed economic development. However, the region has a small share of energy resources, including coal, oil, and gas. At the same time, the rapid economic growth of the region in the past three decades has deviated from the theory of resource endowment. Therefore, it is necessary to study the relationship among energy consumption, environmental pollution, and economic growth in China’s subtropical regions. The study should be conducive to healthy economic development in China and in the world as a whole. This article calculates the degree of correlation among energy consumption, environmental pollution, and economic growth by means of a gray correlation analysis. The results show that energy consumption drives the development of the economy and causes environmental pollution. Environmental pollution also has negative effects on economic development. With regard to reconciling energy consumption, environmental pollution, and economic growth, technology can be used to improve energy use efficiency and reduce pollutant emissions. Energy consumption structure should be optimized to achieve clean, high-quality energy consumption. Policies should be established to encourage green production, and laws should be enacted to support these policies.

scholarly journals Empirical Research on the Relationship amongst Renewable Energy Consumption, Economic Growth and Foreign Direct Investment in Kazakhstan and Uzbekistan

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 332
Author(s):  
Janusz Grabara ◽  
Arsen Tleppayev ◽  
Malika Dabylova ◽  
Leonardus W. W. Mihardjo ◽  
Zdzisława Dacko-Pikiewicz
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Direct Investment ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Integration Test ◽  
The Relationship

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

Sign in / Sign up

Export Citation Format

Share Document