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Nexus between Nuclear Energy Consumption and Carbon Footprint in Asia Pacific Region: Policy toward Environmental Sustainability

Author

Listed:
  • Nihal Ahmed

    (College of Economics & Management, Northwest Agricultural & Forestry University, Xianyang 712100, China)

  • Farhan Mahboob

    (School of Business, Bahria University, Karachi 75260, Pakistan)

  • Zeeshan Hamid

    (Department of Management Sciences, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad 44791, Pakistan)

  • Adnan Ahmed Sheikh

    (Department of Business Administration, Air University Multan Campus, Multan 60000, Pakistan)

  • Muhammad Sibt e Ali

    (School of Business, Zhengzhou University, Zhengzhou 450001, China)

  • Waldemar Glabiszewski

    (Faculty of Economic Sciences and Management, Nicolaus Copernicus University, 87-100 Torun, Poland)

  • Aneta Wysokińska-Senkus

    (Faculty of Management and Command, War Studies University Warsaw, 00-910 Warszawa, Poland)

  • Piotr Senkus

    (Institute of Social Sciences, SWPS University of Social Sciences and Humanities, 03-815 Warsaw, Poland)

  • Szymon Cyfert

    (Institute of Management, Poznan University of Economics and Business, 61-875 Poznan, Poland)

Abstract

The distribution of energy sources is regarded to be an act of compassion in many of the Sustainable Development Goals outlined by the United Nations. In order to build a firm foundation for competitiveness and prosperity, nations should maintain equilibrium with the three key aspects of the global energy trilemma, which are energy affordability, energy access, and ecological balance. In light of this, the purpose of this research was to investigate the impact that nuclear energy, technological advancements, renewable energy, non-renewable energy, and natural resources have had on carbon footprints. We selected the top five nuclear energy countries by consumption in the Asia Pacific region, including China, India, Japan, Pakistan, and South Korea. We devised an exhaustive and all-encompassing empirical inquiry and used contemporary econometric methods. The second-generation panel’s long-run cointegration promotes the idea of long-term relationships between the series. According to the data, using nuclear and renewable sources of energy significantly contributes to an improvement in environmental quality. On the other hand, advancements in technology and the use of energy sources that do not replenish themselves considerably decrease environmental sustainability. In addition, natural resources end up playing a negative role in the long term. The results of the panel’s investigation into the chain of events that led to the development of nuclear power showed that the chain of events was unidirectional. In addition, there is causality that runs in both directions between technological innovation, renewable energy sources, non-renewable energy sources, and natural resources that have a carbon footprint. In light of this, it is recommended that these countries should combine energy policy actions and build energy strategy consistency by harmonizing the essential features of global nuclear energy in order to aid in the development of a well-calibrated energy structure.

Suggested Citation

  • Nihal Ahmed & Farhan Mahboob & Zeeshan Hamid & Adnan Ahmed Sheikh & Muhammad Sibt e Ali & Waldemar Glabiszewski & Aneta Wysokińska-Senkus & Piotr Senkus & Szymon Cyfert, 2022. "Nexus between Nuclear Energy Consumption and Carbon Footprint in Asia Pacific Region: Policy toward Environmental Sustainability," Energies, MDPI, vol. 15(19), pages 1-17, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:19:p:6956-:d:922402
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    Cited by:

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    2. Nihal Ahmed & Adnan Ahmed Sheikh & Bilal Hassan & Sajjad Nawaz Khan & Ricardo Cosio Borda & Juan Martín Campos Huamán & Piotr Senkus, 2022. "The Role of Educating the Labor Force in Sustaining a Green Economy in MINT Countries: Panel Symmetric and Asymmetric Approach," Sustainability, MDPI, vol. 14(19), pages 1-12, September.

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