The Effects of Rule of Law, Regulatory Quality, and Renewable Energy on CO2 Emissions in South Asia

Haider Mahmood, Shafiqul Hassan, Muhammad Tanveer and Abdul-Rahim Ahmad
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Haider Mahmood: Associate Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz University, 173 Alkharj 11942, Saudi Arabia.
Shafiqul Hassan: College of Law, Prince Sultan University, Riyadh 11586, Saudi Arabia
Muhammad Tanveer: College of Economics and Administrative Science, Imam Mohammad Ibn Saud Islamic University (IMSIU), Riyadh Saudi Arabia.
Abdul-Rahim Ahmad: Department of Decision Sciences (DDS) Karachi School of Business and Leadership (KSBL), Pakistan.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 6, 16-21

Abstract: Governance can help in regulating the environmental quality of any economy. Hence, the present study explores the effects of rule of law and regulatory quality on the CO2 emissions in four South Asian economies from 1996-2019, controlling renewable energy and income level in the model. The results corroborate the Environmental Kuznets Curve (EKC) hypothesis in the long-run analysis of four South Asian economies but renewable energy could not affect the CO2 emissions. Moreover, regulatory quality helps reduce CO2 emissions and shows the technique and/or composition effects in these economies. However, the rule of law has a pre-dominant scale effect in these economies and increases CO2 emissions. Based on the results, we recommend South Asian countries to strengthen the regulatory quality to support a clean environment. Moreover, rule of law needs attention and modifications to have pleasant environmental effects.

Keywords: CO2 emissions; rule of law, regulatory quality; renewable energy; economic growth (search for similar items in EconPapers)
JEL-codes: E02 O43 Q53 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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