Relationship between energy consumption and environmental sustainability in OECD countries: The role of natural resources rents

Recep Ulucak (), Danish, and Burcu Ozcan

Resources Policy, 2020, vol. 69, issue C

Abstract: This study investigates the impact of disaggregated energy consumption and natural resources on environmental sustainability for the Organization for Economic Co-operation and Development (OECD) countries. To this end, CO2 emissions, ecological footprint and carbon footprint data covering the period 1980–2016 are used as proxies for environmental deterioration. The study applies an advanced panel data estimation tool, augmented mean group (AMG) estimator, for the long-run estimation, that allows dependencies across countries and heterogeneity in the slope parameters. The findings of the study indicate that non-renewable energy has a detrimental effect on the environment, while renewable energy reduces deterioration in the environment in terms of ecological footprint and carbon footprint. Natural resource extraction contributes to increasing CO2 emissions, whereas its role is not statistically significant in ecological footprint and carbon footprint. The study provides empirical evidence revealing the requirement for efficient and sustainable natural resource utilization, together with the increasing rate of renewable energy in the energy mix to achieve a sustainable environment and development.

Keywords: Renewable and non-renewable energy; Natural resources rents; Environmental sustainability; Ecological footprint; Carbon footprint; CO2; OECD countries (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (101)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420720303391
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:69:y:2020:i:c:s0301420720303391

DOI: 10.1016/j.resourpol.2020.101803

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().