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Does renewable energy modulate the negative effect of environmental issues on the socio-economic welfare?

Author

Listed:
  • Anis Omri
  • Fateh Belaïd

    (LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

Abstract

The new sustainable development goals (SDGs) call for actions to close the gap between the protection of the environment and the socio-economic development. To shed light on the link among economy, society, and ecology, this study assesses the ability of renewable energy to moderate the effects of CO2 emissions on human development and economic growth for 31 transitional economies. Our findings substantiate that: (i) CO2 emissions have unconditional negative effects on human development and economic growth; (ii) the net impacts on human development and economic growth are positive from the interplay between renewable energy and CO2 emissions, i.e. renewable energy reduces the influences of per capita CO2 emissions on human development and economic growth; (iii) renewable energy interacts with CO2 intensity and CO2 emissions from liquid fuel consumption to negatively influence economic growth and human development. To dampen these net negative effects, corresponding renewable energy thresholds were computed and discussed. Theoretical and empirical contributions, implications to policymakers, and practitioners are also discussed.

Suggested Citation

  • Anis Omri & Fateh Belaïd, 2021. "Does renewable energy modulate the negative effect of environmental issues on the socio-economic welfare?," Post-Print hal-03271499, HAL.
    • Handle: RePEc:hal:journl:hal-03271499
    DOI: 10.1016/j.jenvman.2020.111483
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    Citations

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    Cited by:

    1. Boubaker, Sabri & Omri, Anis, 2022. "How does renewable energy contribute to the growth versus environment debate?," Resources Policy, Elsevier, vol. 79(C).
    2. Kahia, Montassar & Moulahi, Tarek & Mahfoudhi, Sami & Boubaker, Sabri & Omri, Anis, 2022. "A machine learning process for examining the linkage among disaggregated energy consumption, economic growth, and environmental degradation," Resources Policy, Elsevier, vol. 79(C).
    3. Nchofoung, Tii N. & Asongu, Simplice A., 2022. "ICT for sustainable development: Global comparative evidence of globalisation thresholds," Telecommunications Policy, Elsevier, vol. 46(5).
    4. Adedoyin Isola Lawal, 2023. "The Nexus between Economic Growth, Energy Consumption, Agricultural Output, and CO 2 in Africa: Evidence from Frequency Domain Estimates," Energies, MDPI, vol. 16(3), pages 1-27, January.
    5. Yize Wu & Kang-Lin Peng & Yijing Yao & Yanping Guo, 2024. "Sustainable Space Travel: What Can We Do in Education from Economic and Environmental Perspectives?," Sustainability, MDPI, vol. 16(2), pages 1-24, January.
    6. Rehana Firdous & Sarvjeet Kaur Chatrath & Atif Khan Jadoon & Munawar Iqbal & Syeda Azra Batool & Zameer Ul Hasan, 2023. "Exploring Dynamic Nexus between Economic Growth, Environmental Degradation, and Public Health in Pakistan: A Moderated Mediation Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 241-249, January.
    7. PU, Zhengning & FEI, Jinhua, 2022. "The impact of digital finance on residential carbon emissions: Evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 515-527.
    8. Awijen, Haithem & Belaïd, Fateh & Zaied, Younes Ben & Hussain, Nazim & Lahouel, Béchir Ben, 2022. "Renewable energy deployment in the MENA region: Does innovation matter?," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    9. Peng, Benhong & Zhao, Yinyin & Elahi, Ehsan & Wan, Anxia, 2023. "Can third-party market cooperation solve the dilemma of emissions reduction? A case study of energy investment project conflict analysis in the context of carbon neutrality," Energy, Elsevier, vol. 264(C).
    10. Omri, Anis & Omri, Henda & Slimani, Sana & Belaid, Fateh, 2022. "Environmental degradation and life satisfaction: Do governance and renewable energy matter?," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    11. Ben Lahouel, Béchir & Taleb, Lotfi & Ben Zaied, Younes & Managi, Shunsuke, 2021. "Does ICT change the relationship between total factor productivity and CO2 emissions? Evidence based on a nonlinear model," Energy Economics, Elsevier, vol. 101(C).
    12. Hu, Kexiang & Sinha, Avik & Tan, Zhixiong & Shah, Muhammad Ibrahim & Abbas, Shujaat, 2022. "Achieving energy transition in OECD economies: Discovering the moderating roles of environmental governance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    13. Olabi, Abdul Ghani & Abbas, Qaisar & Shinde, Pragati A. & Abdelkareem, Mohammad Ali, 2023. "Rechargeable batteries: Technological advancement, challenges, current and emerging applications," Energy, Elsevier, vol. 266(C).
    14. Lv, Wendai & Qi, Jipeng & Feng, Jing, 2023. "Economic policy uncertainty and environmental governance company volatility: Evidence from China," Research in International Business and Finance, Elsevier, vol. 64(C).
    15. Dobdinga C. Fonchamnyo & Boniface N. Epo & Giyoh G. Nginyu & Simplice A. Asongu, 2023. "The effects of institutional quality and biocapacity on inclusive human development in Sub-Saharan Africa," Working Papers 23/044, European Xtramile Centre of African Studies (EXCAS).
    16. Anna Komarnicka & Anna Murawska, 2021. "Comparison of Consumption and Renewable Sources of Energy in European Union Countries—Sectoral Indicators, Economic Conditions and Environmental Impacts," Energies, MDPI, vol. 14(12), pages 1-24, June.
    17. Adedoyin Isola Lawal, 2023. "Determinants of Renewable Energy Consumption in Africa: Evidence from System GMM," Energies, MDPI, vol. 16(5), pages 1-19, February.

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