IDEAS home Printed from https://ideas.repec.org/a/spr/jenvss/v14y2024i2d10.1007_s13412-024-00912-6.html
   My bibliography  Save this article

Renewable energy, forestry, economic growth, and demographic impact on carbon footprint in India: does forestry and renewable energy matter to reduce emission?

Author

Listed:
  • Md. Maznur Rahman

    (Mizoram University
    Noakhali Science and Technology University)

  • Akshaya Kumar Mohanty

    (Mizoram University)

  • Md. Hasanur Rahman

    (Sheikh Fazilatunnesa Mujib University
    Comilla University)

Abstract

The main purpose of this study is to determine the impact of carbon-mitigating factors such as renewable energy and forestry on carbon footprints by considering economic growth and demography. Time series data from 1980 to 2021 has been used to estimate the econometric model, where variables are stationary at level I(0) and at first differences I(1). Key findings of this study indicate that, according to the short-term coefficient of the variable economic growth estimates, a 1% increase in economic growth tends to raise the carbon footprint by 0.36 to 0.33% in the long run. The variable demography has no positive effects on the carbon footprint over the long or short term. Mitigating factor forestry shows that a 1% increase in forestry reduces the carbon footprint by 0.39% in the short run (SR) and 1.84% in the long run (LR). Another mitigating factor for renewable energy (RECN) states that for every 1% increase in renewable energy, the carbon footprint reduces by 0.05 and 0.49% in the long run. The Wald test indicates a long-run relationship among the variables, and the error correction term shows the speed of adjustment at 10.6%. However, this study shows the empirical strategy of mitigating carbon emissions and reducing environmental degradation in India. Key contributions of this study are to improve policies, increase environmental awareness, trade-off between the environment and economic growth by considering environmental facts, and mitigation strategies for pollution.

Suggested Citation

  • Md. Maznur Rahman & Akshaya Kumar Mohanty & Md. Hasanur Rahman, 2024. "Renewable energy, forestry, economic growth, and demographic impact on carbon footprint in India: does forestry and renewable energy matter to reduce emission?," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 14(2), pages 415-427, June.
    • Handle: RePEc:spr:jenvss:v:14:y:2024:i:2:d:10.1007_s13412-024-00912-6
    DOI: 10.1007/s13412-024-00912-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13412-024-00912-6
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13412-024-00912-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wang, Jianda & Dong, Kangyin & Dong, Xiucheng & Taghizadeh-Hesary, Farhad, 2022. "Assessing the digital economy and its carbon-mitigation effects: The case of China," Energy Economics, Elsevier, vol. 113(C).
    2. Usman, Muhammad & Balsalobre-Lorente, Daniel, 2022. "Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?," Energy Policy, Elsevier, vol. 162(C).
    3. Sharma, Rajesh & Sinha, Avik & Kautish, Pradeep, 2020. "Examining the impacts of economic and demographic aspects on the ecological footprint in South and Southeast Asian countries," MPRA Paper 104245, University Library of Munich, Germany, revised 2020.
    4. Md. Hasanur Rahman, 2023. "Does the current account balance influence foreign direct investment in the Indian economy? Application of quantile regression model," SN Business & Economics, Springer, vol. 3(5), pages 1-18, May.
    5. Perry, Simon & Klemeš, Jiří & Bulatov, Igor, 2008. "Integrating waste and renewable energy to reduce the carbon footprint of locally integrated energy sectors," Energy, Elsevier, vol. 33(10), pages 1489-1497.
    6. Kyle W. Knight & Juliet B. Schor, 2014. "Economic Growth and Climate Change: A Cross-National Analysis of Territorial and Consumption-Based Carbon Emissions in High-Income Countries," Sustainability, MDPI, vol. 6(6), pages 1-10, June.
    7. Zhifu Mi & Jiali Zheng & Jing Meng & Jiamin Ou & Klaus Hubacek & Zhu Liu & D’Maris Coffman & Nicholas Stern & Sai Liang & Yi-Ming Wei, 2020. "Economic development and converging household carbon footprints in China," Nature Sustainability, Nature, vol. 3(7), pages 529-537, July.
    8. Md. Hasanur Rahman & Alfarunnahar Ruma & Mohammad Nasir Hossain & Rifat Nahrin & Shapan Chandra Majumder, 2021. "Examine the Empirical Relationship between Energy Consumption and Industrialization in Bangladesh: Granger Causality Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 121-129.
    9. Robert Bailis & Rudi Drigo & Adrian Ghilardi & Omar Masera, 2015. "The carbon footprint of traditional woodfuels," Nature Climate Change, Nature, vol. 5(3), pages 266-272, March.
    10. Rahman, Md. Hasanur & Majumder, Shapan Chandra & Debbarman, Shantanu, 2020. "Examine the Role of Agriculture to Mitigate the CO2 Emission in Bangladesh," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society (AESS), vol. 10(01), January.
    11. Usman, Muhammad & Makhdum, Muhammad Sohail Amjad, 2021. "What abates ecological footprint in BRICS-T region? Exploring the influence of renewable energy, non-renewable energy, agriculture, forest area and financial development," Renewable Energy, Elsevier, vol. 179(C), pages 12-28.
    12. Toru Kobayakawa, 2022. "The carbon footprint of capital formation: An empirical analysis on its relationship with a country's income growth," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 522-535, April.
    13. Devesh Singh & Sunil Kumar Dhiman, 2023. "The linkage between carbon emissions, foreign direct investment, economic growth, and gross value added," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 13(1), pages 156-176, March.
    14. Nair, Mahendhiran & Arvin, Mak B. & Pradhan, Rudra P. & Bahmani, Sahar, 2021. "Is higher economic growth possible through better institutional quality and a lower carbon footprint? Evidence from developing countries," Renewable Energy, Elsevier, vol. 167(C), pages 132-145.
    15. Moataz Elshimy & Khadiga M. El-Aasar, 2020. "Carbon footprint, renewable energy, non-renewable energy, and livestock: testing the environmental Kuznets curve hypothesis for the Arab world," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(7), pages 6985-7012, October.
    16. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    17. Carlhoff, Henrik, 2019. "Carbon footprint, demography, and employment status?," Thuenen-Series of Applied Economic Theory 163, University of Rostock, Institute of Economics.
    18. Md Hasanur Rahman & Shapan Chandra Majumder & Shantanu Debbarman, 2020. "Examine the Role of Agriculture to Mitigate the Co2 Emission in Bangladesh," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society, vol. 10(1), pages 392-405.
    19. Atina Saraswati & Djoni Hartono & Witri Indriyani, 2022. "The impact of FDI on energy intensity: a spatial econometric analysis of Indonesian provinces," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 12(4), pages 853-869, December.
    20. 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.
    21. Liton Chandra Voumik & Md. Hasanur Rahman & Shohel Md. Nafi & Md. Akter Hossain & Abdul Rahim Ridzuan & Nora Yusma Mohamed Yusoff, 2023. "Modelling Sustainable Non-Renewable and Renewable Energy Based on the EKC Hypothesis for Africa’s Ten Most Popular Tourist Destinations," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    22. Budzianowski, Wojciech M. & Postawa, Karol, 2017. "Renewable energy from biogas with reduced carbon dioxide footprint: Implications of applying different plant configurations and operating pressures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P2), pages 852-868.
    23. Md. Hasanur Rahman & Shapan Chandra Majumder & Shantanu Debbarman, 2020. "Examine the Role of Agriculture to Mitigate the CO2 Emission in Bangladesh," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 10(1), pages 392-405, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Md Mushaddiqul Islam Amin & Md Mahafuzur Rahman, 2024. "Assessing effects of agriculture and industry on CO2 emissions in Bangladesh," PLOS Climate, Public Library of Science, vol. 3(9), pages 1-25, September.
    2. Ullah, Sami & Lin, Boqiang, 2024. "Harnessing the synergistic impacts of financial structure, industrialization, and ecological footprint through the lens of the EKC hypothesis. Insights from Pakistan," Energy, Elsevier, vol. 307(C).
    3. Muhammad Usman & Atif Jahanger & Magdalena Radulescu & Daniel Balsalobre-Lorente, 2022. "Do Nuclear Energy, Renewable Energy, and Environmental-Related Technologies Asymmetrically Reduce Ecological Footprint? Evidence from Pakistan," Energies, MDPI, vol. 15(9), pages 1-24, May.
    4. Wang, Jun & Usman, Muhammad & Saqib, Najia & Shahbaz, Muhammad & Hossain, Mohammad Razib, 2023. "Asymmetric environmental performance under economic complexity, globalization and energy consumption: Evidence from the World's largest economically complex economy," Energy, Elsevier, vol. 279(C).
    5. Liton Chandra Voumik & Md. Hasanur Rahman & Shohel Md. Nafi & Md. Akter Hossain & Abdul Rahim Ridzuan & Nora Yusma Mohamed Yusoff, 2023. "Modelling Sustainable Non-Renewable and Renewable Energy Based on the EKC Hypothesis for Africa’s Ten Most Popular Tourist Destinations," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    6. Kizito Uyi Ehigiamusoe & Suresh Ramakrishnan & Hooi Hooi Lean & Sotheeswari Somasundram, 2023. "Role of Energy Consumption on the Environmental Impact of Sectoral Growth in Malaysia," SAGE Open, , vol. 13(3), pages 21582440231, July.
    7. Rifat Nahrin & Md. Hasanur Rahman & Shapan Chandra Majumder & Miguel Angel Esquivias, 2023. "Economic Growth and Pollution Nexus in Mexico, Colombia, and Venezuela (G-3 Countries): The Role of Renewable Energy in Carbon Dioxide Emissions," Energies, MDPI, vol. 16(3), pages 1-17, January.
    8. Mukhtarov, Shahriyar & Yüksel, Serhat & Dinçer, Hasan, 2022. "The impact of financial development on renewable energy consumption: Evidence from Turkey," Renewable Energy, Elsevier, vol. 187(C), pages 169-176.
    9. Yugang He, 2022. "Renewable and Non-Renewable Energy Consumption and Trade Policy: Do They Matter for Environmental Sustainability?," Energies, MDPI, vol. 15(10), pages 1-17, May.
    10. Jahanger, Atif & Hossain, Mohammad Razib & Usman, Muhammad & Chukwuma Onwe, Joshua, 2023. "Recent scenario and nexus between natural resource dependence, energy use and pollution cycles in BRICS region: Does the mediating role of human capital exist?," Resources Policy, Elsevier, vol. 81(C).
    11. Muhammad Sadiq & Syed Tauseef Hassan & Irfan Khan & Mohammad Mafizur Rahman, 2024. "Policy uncertainty, renewable energy, corruption and CO2 emissions nexus in BRICS-1 countries: a panel CS-ARDL approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 21595-21621, August.
    12. Musah, Mohammed & Onifade, Stephen Taiwo & Ankrah, Isaac & Gyamfi, Bright Akwasi & Amoako, George Kofi, 2024. "Achieving net-zero emission target in Africa: Are sustainable energy innovations and financialization crucial for environmental sustainability of sub-Saharan African state?," Applied Energy, Elsevier, vol. 364(C).
    13. Muhammad Sohail Amjad Makhdum & Muhammad Usman & Rakhshanda Kousar & Javier Cifuentes-Faura & Magdalena Radulescu & Daniel Balsalobre-Lorente, 2022. "How Do Institutional Quality, Natural Resources, Renewable Energy, and Financial Development Reduce Ecological Footprint without Hindering Economic Growth Trajectory? Evidence from China," Sustainability, MDPI, vol. 14(21), pages 1-25, October.
    14. Fumei He & Ke-Chiun Chang & Min Li & Xueping Li & Fangjhy Li, 2020. "Bootstrap ARDL Test on the Relationship among Trade, FDI, and CO 2 Emissions: Based on the Experience of BRICS Countries," Sustainability, MDPI, vol. 12(3), pages 1-23, February.
    15. Waqar Khalid & Ahmad Nawaz & Lamya Mohamed Aly Gadou & Saqib Ullah Khan & Huri Gül Aybudak, 2025. "Examining short-run and long-run nexus between economic growth, financial development, energy consumption and environmental degradation: empirical evidence for the Environmental Kuznets Curve Hypothes," Asia-Pacific Journal of Regional Science, Springer, vol. 9(2), pages 479-511, June.
    16. Shu, Xiaoyang & Usman, Muhammad & Ahmad, Paiman & Irfan, Muhammad, 2024. "Analyzing the asymmetric FinTech services under natural resources, and renewable energy in the future environmental performance: New insights from STIRPAT model framework," Resources Policy, Elsevier, vol. 92(C).
    17. Hossain, Mohammad Razib & Rej, Soumen & Awan, Ashar & Bandyopadhyay, Arunava & Islam, Md Sayemul & Das, Narasingha & Hossain, Md Emran, 2023. "Natural resource dependency and environmental sustainability under N-shaped EKC: The curious case of India," Resources Policy, Elsevier, vol. 80(C).
    18. Dai, Siwei & Su, Mengying & Liu, Yandong & Xu, Zhaoyi, 2023. "Digital economy, resource richness, external conflicts, and ecological footprint: Evidence from emerging countries," Resources Policy, Elsevier, vol. 85(PB).
    19. Alper Karasoy, 2024. "Is agricultural production detrimental to Greece's ecological sustainability? Evidence from the dynamic ARDL simulations and bootstrap causality analysis," Natural Resources Forum, Blackwell Publishing, vol. 48(3), pages 925-940, August.
    20. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jenvss:v:14:y:2024:i:2:d:10.1007_s13412-024-00912-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.