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The Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: Empirical Evidence from Developing Countries in Asia

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  • Azilah Hasnisah

    (Universiti Malaysia Terengganu, Malaysia)

  • A. A. Azlina

    (Universiti Malaysia Terengganu, Malaysia)

  • Che Mohd Imran Che Taib

    (Universiti Malaysia Terengganu, Malaysia)

Abstract

This empirical study examines the relationship between environmental quality, economic development, renewable and non-renewable energy (RE) consumption in 13 developing countries in Asia. We use panel data in the period from 1980 to 2014 and panel cointegration, fully modified ordinary least squares (OLS) and dynamics OLS estimators are employed to test for cointegration in the long-run. The study confirms the existence of the inverted U-shape Environmental Kuznets Curve hypothesis in 13 Asia countries for both estimators with the increment of GDP per capita and conventional energy consumption decreasing the environmental quality. However, the empirical finding suggests that RE consumption is insignificant in contributing to less pollution regarding CO2 emissions. This study concludes that to comprehend better the potential factors affecting the CO2 emissions, the sampled countries can design a strategic plan to mitigate the rate of global warming and climate change, while at the same time stimulating economic development and promoting energy from eco-friendly resources.

Suggested Citation

  • Azilah Hasnisah & A. A. Azlina & Che Mohd Imran Che Taib, 2019. "The Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: Empirical Evidence from Developing Countries in Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 135-143.
    • Handle: RePEc:eco:journ2:2019-03-15
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    17. Nuno Carlos Leitão & Jeremiás Máté Balogh, 2020. "The impact of intra-industry trade on carbon dioxide emissions: The case of the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 66(5), pages 203-214.
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    20. Edmund Ntom Udemba, 2023. "Cushioning environmental damage with institutions and FDI: study of sustainable development goals (SDGs)," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 10217-10237, September.

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    More about this item

    Keywords

    Carbon Dioxide; Renewable Energy; Environmental;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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