Does export product quality and renewable energy induce carbon dioxide emissions: Evidence from leading complex and renewable energy economies

Zhijian Wang, Mehdi Ben Jebli, Mara Madaleno, Buhari Doğan () and Umer Shahzad ()

Renewable Energy, 2021, vol. 171, issue C, 360-370

Abstract: This study investigates the dynamic interdependence between CO2 emissions, real gross domestic product (GDP), renewable and non-renewable energy generation, urbanization, and export quality for both the top ten renewable energy and top ten economic complexity index (ECI) countries. The techniques of panel cointegration, long-run FMOLS, DOLS, and Granger causality are used spanning the period 1980–2014. Long-run estimates suggest that, for the top ten renewable energy countries, only renewable energy generation contributes to mitigating CO2 emissions, while the other variables lead to increase emissions levels in the long-run. However, for the case of leading complex economies, the empirics highlighted the significant role of renewable energy in carbon mitigation. Exports quality leads to decrease emissions level and real GDP, non-renewable energy and urbanization contribute to the rise in emissions. Interestingly, for the top ten renewable energy countries, Granger causality analysis mentioned a two-ways short-run relationship between renewable energy generation and export quality and one-way causality from export quality to CO2 emissions. The findings mention that adopting clean technologies using renewable energy might act as a key tool for export quality improvement and mitigation of CO2 emissions. Results are related to Sustainable Development Goals (SDG-7: using more renewable, affordable energy; SDG-8: sustainable economic growth and decent employment for all, SDG-13: regulating emissions and promoting renewable energy) and discussed in this sense.

Keywords: Export product quality; Renewable energy; CO2 emissions; Environmental quality; Economic complexity (search for similar items in EconPapers)
JEL-codes: C33 Q42 Q55 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (40)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:171:y:2021:i:c:p:360-370

DOI: 10.1016/j.renene.2021.02.066

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