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Global economic resilience: Developing green growth strategies, renewable energy integration, and environmental economics for sustainability

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  • Ruan, Yunsheng
  • Wang, Wenqing
  • Abubakar, Muhammad
  • Ahmad, Nazeer

Abstract

This paper investigates how renewable energy can support Bangladesh's environmental sustainability be promoted, as well as reduce carbon dioxide emissions from 1981 to 2020. The study uses econometric approaches, including Autoregressive Distributed Lag, Dynamic Ordinary Least Squares, Fully Modified Least Squares, and Canonical Co-Integration Regression to ensure robustness using time-series data from the World Development Indicators and the OECD database. The results show a statistically significant long-term link between green growth strategies and CE emissions, whereby a 1 % increase in renewable energy consumption results in a 0.15 % decrease in CE emissions. Still, a significant factor causing emissions increase is economic growth, which emphasizes the trade-off between environmental protection and development. Emphasizing the importance of governmental actions, Granger causality studies verify the bidirectional correlation between the uptake of renewable energy sources and CE emissions. To balance economic development and sustainability, the report advises improving renewable energy investments, applying strict carbon pricing policies, and supporting technical innovation. These results give legislators in Bangladesh and other developing nations trying to include renewable energy in their development plans critical new perspectives.

Suggested Citation

  • Ruan, Yunsheng & Wang, Wenqing & Abubakar, Muhammad & Ahmad, Nazeer, 2025. "Global economic resilience: Developing green growth strategies, renewable energy integration, and environmental economics for sustainability," Renewable Energy, Elsevier, vol. 251(C).
    • Handle: RePEc:eee:renene:v:251:y:2025:i:c:s0960148125010031
    DOI: 10.1016/j.renene.2025.123341
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    References listed on IDEAS

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