Nexus between Nuclear Energy Consumption and Carbon Footprint in Asia Pacific Region: Policy toward Environmental Sustainability

Nihal Ahmed, Farhan Mahboob, Zeeshan Hamid, Adnan Ahmed Sheikh, Muhammad Ali, Waldemar Glabiszewski, Aneta Wysokińska-Senkus, Piotr Senkus and Szymon Cyfert
Additional contact information
Nihal Ahmed: College of Economics & Management, Northwest Agricultural & Forestry University, Xianyang 712100, China
Farhan Mahboob: School of Business, Bahria University, Karachi 75260, Pakistan
Zeeshan Hamid: Department of Management Sciences, Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Islamabad 44791, Pakistan
Adnan Ahmed Sheikh: Department of Business Administration, Air University Multan Campus, Multan 60000, Pakistan
Waldemar Glabiszewski: Faculty of Economic Sciences and Management, Nicolaus Copernicus University, 87-100 Torun, Poland
Aneta Wysokińska-Senkus: Faculty of Management and Command, War Studies University Warsaw, 00-910 Warszawa, Poland
Szymon Cyfert: Institute of Management, Poznan University of Economics and Business, 61-875 Poznan, Poland

Energies, 2022, vol. 15, issue 19, 1-17

Abstract: The distribution of energy sources is regarded to be an act of compassion in many of the Sustainable Development Goals outlined by the United Nations. In order to build a firm foundation for competitiveness and prosperity, nations should maintain equilibrium with the three key aspects of the global energy trilemma, which are energy affordability, energy access, and ecological balance. In light of this, the purpose of this research was to investigate the impact that nuclear energy, technological advancements, renewable energy, non-renewable energy, and natural resources have had on carbon footprints. We selected the top five nuclear energy countries by consumption in the Asia Pacific region, including China, India, Japan, Pakistan, and South Korea. We devised an exhaustive and all-encompassing empirical inquiry and used contemporary econometric methods. The second-generation panel’s long-run cointegration promotes the idea of long-term relationships between the series. According to the data, using nuclear and renewable sources of energy significantly contributes to an improvement in environmental quality. On the other hand, advancements in technology and the use of energy sources that do not replenish themselves considerably decrease environmental sustainability. In addition, natural resources end up playing a negative role in the long term. The results of the panel’s investigation into the chain of events that led to the development of nuclear power showed that the chain of events was unidirectional. In addition, there is causality that runs in both directions between technological innovation, renewable energy sources, non-renewable energy sources, and natural resources that have a carbon footprint. In light of this, it is recommended that these countries should combine energy policy actions and build energy strategy consistency by harmonizing the essential features of global nuclear energy in order to aid in the development of a well-calibrated energy structure.

Keywords: climate change; economics of nuclear energy source; nuclear energy consumption; carbon footprint; SDGs (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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