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Renewable Electricity Generation, CO2 Emissions and Economic Growth: Evidence from Middle-Income Countries in Asia /Generación de electricidad renovable, las emisiones de CO2 y crecimiento económico: Evidencia de países de ingresos medios en Asia

  • MASLYUK, SVETLANA

    ()

    (Department of Economics, School of Business and Economics, MONASH UNIVERSITY, AUSTRALIA.)

  • DHARMARATNA, DINUSHA

    ()

    (Department of Economics, MONASH UNIVERSITY, AUSTRALIA.)

Registered author(s):

    Over the past three decades there has been a steady growth in total electricity generation in Asia. Although most of this electricity came from natural gas and coal, renewable electricity generation also has significantly contributed to total electricity generation, with hydro being the largest source of renewables-based electricity. In this study, we analyze the dynamics between economic growth, emissions of carbon dioxide (CO2) and the share of renewable electricity in total electricity generation in eleven Asian developing countries over the period from 1980 to 2010. The Structural Vector Autoregression (SVAR) methodology is used to study the interactions among the variables and to analyze the impact of expansion of renewable electricity on per capita emissions and economic wellbeing. Our results show that the majority of middle-income countries in Asia are likely to face a trade-off between economic growth and environment sustainability at least in the early years. Therefore, such countries may need to implement policies complementing renewable energy generation and improving energy efficiency. Durante las últimas tres décadas ha habido un crecimiento constante en la generación total de electricidad en Asia. Aunque la mayor parte de la electricidad proviene del gas natural y el carbón, la generación de electricidad renovable ha contribuido de manera significativa a la generación total de electricidad, siendo la hidraulica la mayor fuente de electricidad basada en energías renovables. En este estudio analizamos la dinámica entre el crecimiento económico, las emisiones de dióxido de carbono (CO2) y el peso de la electricidad renovable en la generación total de electricidad en once países asiáticos durante el período de 1980 a 2010. Se aplica la metodología del Vector Autorregresivo Estructural (SVAR) para estudiar las interacciones entre las variables y analizar el impacto de la expansión de la electricidad renovable en las emisiones per cápita y en el bienestar económico. Nuestros resultados muestran que la mayoría de los países de renta media de Asia es probable que se enfrenten a una disyuntiva entre crecimiento econó¬mico y sostenibilidad del medio ambiente, al menos en los primeros años, y, por lo tanto, en estos países puede ser necesario aplicar políticas que complementen la generación de energía renovable y la eficiencia energética.

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    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 31 (2013)
    Issue (Month): (Enero)
    Pages: 217-244

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    Handle: RePEc:lrk:eeaart:31_1_5
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