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Toward sustainable and green development in Chile: Dynamic influences of carbon emission reduction variables

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  • Raihan, Asif

Abstract

This study investigated the dynamic effects of economic growth, renewable energy consumption, urbanization, industrialization, tourism, agricultural productivity, and forest area on carbon dioxide (CO2) emissions in Chile. Using the dynamic ordinary least squares (DOLS) approach, time series data from 1990 to 2020 were analyzed. A 1% increase in economic growth, urbanization, industrialization, and tourism will increase Chile's CO2 emissions by 0.62%, 0.24%, 0.15%, and 0.1%, respectively. Additionally, a 1% increase in renewable energy consumption, agricultural production, and forest area may lead to CO2 emission reductions of 0.55%, 0.20%, and 0.98%, respectively. The estimated outcomes are insensitive to alternative estimators such as fully modified ordinary least squares (FMOLS) and canonical cointegrating regression (CCR). In order to ensure environmental sustainability through emission reductions, this article recommends policies on low-carbon economies, renewable energy consumption, sustainable urbanization, green industrialization, eco-friendly tourism, climate-smart agriculture, and sustainable forest management.

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  • Raihan, Asif, 2023. "Toward sustainable and green development in Chile: Dynamic influences of carbon emission reduction variables," Innovation and Green Development, Elsevier, vol. 2(2).
    • Handle: RePEc:eee:ingrde:v:2:y:2023:i:2:s2949753123000061
    DOI: 10.1016/j.igd.2023.100038
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    References listed on IDEAS

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    1. Park, Joon Y, 1992. "Canonical Cointegrating Regressions," Econometrica, Econometric Society, vol. 60(1), pages 119-143, January.
    2. Cansino, José M. & Sánchez-Braza, Antonio & Rodríguez-Arévalo, María L., 2018. "How can Chile move away from a high carbon economy?," Energy Economics, Elsevier, vol. 69(C), pages 350-366.
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    4. Raihan, Asif & Pavel, Monirul Islam & Muhtasim, Dewan Ahmed & Farhana, Sadia & Faruk, Omar & Paul, Arindrajit, 2023. "The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia," Innovation and Green Development, Elsevier, vol. 2(1).
    5. Wen, Jun & Zhao, Xin-Xin & Chang, Chun-Ping, 2021. "The impact of extreme events on energy price risk," Energy Economics, Elsevier, vol. 99(C).
    6. Rawshan Ara Begum & Asif Raihan & Mohd Nizam Mohd Said, 2020. "Dynamic Impacts of Economic Growth and Forested Area on Carbon Dioxide Emissions in Malaysia," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
    7. Asif Raihan & Almagul Tuspekova, 2022. "Dynamic impacts of economic growth, energy use, urbanization, tourism, agricultural value-added, and forested area on carbon dioxide emissions in Brazil," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 12(4), pages 794-814, December.
    8. Asif Raihan & Rawshan Ara Begum & Mohd Nizam Mohd Said & Joy Jacqueline Pereira, 2022. "Relationship between economic growth, renewable energy use, technological innovation, and carbon emission toward achieving Malaysia’s Paris agreement," Environment Systems and Decisions, Springer, vol. 42(4), pages 586-607, December.
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    11. Yang, Hao-Chang & Feng, Gen-Fu & Zhao, Xin Xin & Chang, Chun-Ping, 2022. "The impacts of energy insecurity on green innovation: A multi-country study," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 139-154.
    12. Rajan Parajuli & Omkar Joshi & Tek Maraseni, 2019. "Incorporating Forests, Agriculture, and Energy Consumption in the Framework of the Environmental Kuznets Curve: A Dynamic Panel Data Approach," Sustainability, MDPI, vol. 11(9), pages 1-11, May.
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