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The Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: Empirical Evidence from Developing Countries in Asia

Azilah Hasnisah, A. A. Azlina and Che Mohd Imran Che Taib
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Azilah Hasnisah: Universiti Malaysia Terengganu, Malaysia
A. A. Azlina: Universiti Malaysia Terengganu, Malaysia
Che Mohd Imran Che Taib: Universiti Malaysia Terengganu, Malaysia

International Journal of Energy Economics and Policy, 2019, vol. 9, issue 3, 135-143

Abstract: This empirical study examines the relationship between environmental quality, economic development, renewable and non-renewable energy (RE) consumption in 13 developing countries in Asia. We use panel data in the period from 1980 to 2014 and panel cointegration, fully modified ordinary least squares (OLS) and dynamics OLS estimators are employed to test for cointegration in the long-run. The study confirms the existence of the inverted U-shape Environmental Kuznets Curve hypothesis in 13 Asia countries for both estimators with the increment of GDP per capita and conventional energy consumption decreasing the environmental quality. However, the empirical finding suggests that RE consumption is insignificant in contributing to less pollution regarding CO2 emissions. This study concludes that to comprehend better the potential factors affecting the CO2 emissions, the sampled countries can design a strategic plan to mitigate the rate of global warming and climate change, while at the same time stimulating economic development and promoting energy from eco-friendly resources.

Keywords: Carbon Dioxide; Renewable Energy; Environmental; Carbon dioxide; Renewable energy; Environmental Kuznets curve. (search for similar items in EconPapers)
JEL-codes: Q20 Q30 Q56 (search for similar items in EconPapers)
Date: 2019
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