IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v55y2023i37p4359-4376.html
   My bibliography  Save this article

Energy consumption, agriculture, forestation and CO2 emission nexus: an application to OECD countries

Author

Listed:
  • Saroja Selvanathan
  • Maneka Savithri Jayasinghe
  • Eliyathamby A Selvanathan
  • Syed Ali Abbas
  • Md Sayed Iftekhar

Abstract

The Environmental Kuznets Curve (EKC) hypothesis has been used to explain the relationship between environmental degradation and economic condition. This study formulates an augmented EKC framework to incorporate the effect of agriculture, forestation and energy consumption on CO2 emission and estimates the model using the data from 24 OECD countries between 1990 and 2018. The study utilizes individual-country analysis and panel dynamic analysis for the empirical investigation. The results show a positive relationship between CO2 emission and fossil fuel use – a 1% increase in fossil fuel consumption will increase CO2 emission by 0.76%, and a negative relationship with renewable energy – a 1% increase in renewable energy consumption will reduce CO2 emission by 0.14%. The impact of forest cover and agricultural production on CO2 emission is mixed at the single-country level. The panel fixed-effect results reveal that a 1% increase in agricultural production and forest cover leads to a 0.04% and 0.63% increase in CO2 emission, respectively. There is also strong evidence supporting the presence of the EKC hypothesis. The global CO2 emission reduction strategies, such as carbon taxes and emission trading schemes, must acknowledge and incorporate the interplay among -key macro-level variables revealed in this study to enhance their effectiveness.

Suggested Citation

  • Saroja Selvanathan & Maneka Savithri Jayasinghe & Eliyathamby A Selvanathan & Syed Ali Abbas & Md Sayed Iftekhar, 2023. "Energy consumption, agriculture, forestation and CO2 emission nexus: an application to OECD countries," Applied Economics, Taylor & Francis Journals, vol. 55(37), pages 4359-4376, August.
    • Handle: RePEc:taf:applec:v:55:y:2023:i:37:p:4359-4376
    DOI: 10.1080/00036846.2022.2128296
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2022.2128296
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2022.2128296?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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Juan David Alonso-Sanabria & Luis Fernando Melo-Velandia & Daniel Parra-Amado, 2023. "Unveiling the critical role of forest areas amidst climate change: The Latin American case," Borradores de Economia 1254, Banco de la Republica de Colombia.

    More about this item

    Statistics

    Access and download statistics

    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:taf:applec:v:55:y:2023:i:37:p:4359-4376. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    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.