Energy, Economy, and Environment Nexus: New Evidence from China

Asif Raihan
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Asif Raihan: Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi, Malaysia

Energy Technologies and Environment, 2023, vol. 1, issue 1, 68-80

Abstract: At present, global warming poses the greatest threat to the planet's ecosystem. China is the greatest CO2 emitter, expected to account for roughly 33% of overall emissions in 2021, and this has caused authorities to express significant concern in the most latest Paris accord, when they decided to cut global emissions to a particular level. In comparison, 55% of China's power in 2021 appears from coal. As a result, investigating the ecological elements that affect China's CO2 output is essential. This analysis utilizes the autoregressive distributed lag (ARDL) technique to investigate the relationships concerning fossil fuels, renewables, and economic growth from 1990 to 2021. According to the data, using fossil fuels to generate energy and increase GDP significantly increases CO2 emissions. Yet, the use of renewable energy reduces CO2 emissions both in the long run and in the short term. Overall, the outcomes imply that using renewable energy sources is key to reaching sustainable environmental goals and deters the usage of fossil fuels in the energy mix. This study suggests that China take into account empirical findings and undertake long-term initiatives to reduce carbon emissions in favor of sustainable environmental outcomes.

Keywords: Carbon emissions; fossil fuel; renewable energy; economic growth; sustainable development (search for similar items in EconPapers)
Date: 2023
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