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CO2 emissions, renewable and non-renewable energy consumption, and economic growth: evidence from panel data for developed countries

Author

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  • Katsuya Ito

    (Fukuoka university)

Abstract

In this paper, using panel data of 31 developed countries over the period 1996-2011 we attempt to empirically investigate the relationship between CO2 emissions, renewable and non-renewable energy consumption, and economic growth. Our results suggest that energy conservation policy leads to a negative impact on economic growth for developed countries. Additionally, we find that renewable energy consumption contributes to reductions in emissions.

Suggested Citation

  • Katsuya Ito, 2016. "CO2 emissions, renewable and non-renewable energy consumption, and economic growth: evidence from panel data for developed countries," Economics Bulletin, AccessEcon, vol. 36(1), pages 553-559.
    • Handle: RePEc:ebl:ecbull:eb-16-00058
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    Cited by:

    1. Md. Ahsan Habib & Mahfuja Akter & Rejoana Islam & Kazi Md. Yusuf, 2024. "Green Industrialization as a Solution to the Energy Crisis in Bangladesh: A Study about Green RMG Factories in Bangladesh," International Journal of Science and Business, IJSAB International, vol. 31(1), pages 76-88.
    2. AlNemer, Hashem A. & Hkiri, Besma & Tissaoui, Kais, 2023. "Dynamic impact of renewable and non-renewable energy consumption on CO2 emission and economic growth in Saudi Arabia: Fresh evidence from wavelet coherence analysis," Renewable Energy, Elsevier, vol. 209(C), pages 340-356.
    3. Xiaohong Liu & Yuekuan Zhou & Chun-Qing Li & Yaolin Lin & Wei Yang & Guoqiang Zhang, 2019. "Optimization of a New Phase Change Material Integrated Photovoltaic/Thermal Panel with The Active Cooling Technique Using Taguchi Method," Energies, MDPI, vol. 12(6), pages 1-22, March.
    4. Rezana Balla, 2020. "Digitalization of Financial Services in Albania Under Restricted Measures Covid-19," European Journal of Marketing and Economics Articles, Revistia Research and Publishing, vol. 3, July -Dec.
    5. Wang, Yongpei & Li, Jun, 2019. "Spatial spillover effect of non-fossil fuel power generation on carbon dioxide emissions across China's provinces," Renewable Energy, Elsevier, vol. 136(C), pages 317-330.
    6. Eyup Dogan & Syed Faisal Shah, 2021. "Analyzing the Role of Renewable Energy and Energy Intensity in the Ecological Footprint of the United Arab Emirates," Sustainability, MDPI, vol. 14(1), pages 1-12, December.
    7. Junsong Jia & Jing Lei & Chundi Chen & Xu Song & Yexi Zhong, 2021. "Contribution of Renewable Energy Consumption to CO 2 Emission Mitigation: A Comparative Analysis from a Global Geographic Perspective," Sustainability, MDPI, vol. 13(7), pages 1-23, March.
    8. Taha Zaghdoudi, 2017. "Oil prices, renewable energy, CO2 emissions and economic growth in OECD countries," Economics Bulletin, AccessEcon, vol. 37(3), pages 1844-1850.
    9. Armeanu, Daniel Stefan & Joldes, Camelia Catalina & Gherghina, Stefan Cristian & Andrei, Jean Vasile, 2021. "Understanding the multidimensional linkages among renewable energy, pollution, economic growth and urbanization in contemporary economies: Quantitative assessments across different income countries’ g," Renewable and Sustainable Energy Reviews, Elsevier, vol. 142(C).
    10. Daniel Ştefan Armeanu & Ştefan Cristian Gherghina & George Pasmangiu, 2019. "Exploring the Causal Nexus between Energy Consumption, Environmental Pollution and Economic Growth: Empirical Evidence from Central and Eastern Europe," Energies, MDPI, vol. 12(19), pages 1-27, September.

    More about this item

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General

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