Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC

Ahsan Akbar, Azeem Gul, Mariam Sohail, Martina Hedvicakova, Syed Arslan Haider, Sareer Ahmad and Samra Iqbal
Additional contact information
Ahsan Akbar: Department of Informatics and Quantitative Methods, Faculty of Informatics and Management, University of Hradec Kralove, 50003 Czech Republic
Azeem Gul: Department of International Relations, National University of Modern Languages, Islamabad, Pakistan
Mariam Sohail: ESc Clermont Business School, Clermont Ferrand, France
Martina Hedvicakova: Department of Economics, Faculty of Informatics and Management, University of Hradec Kralove, Hradec Kralove, Czech Republic
Syed Arslan Haider: Department of Management, Sunway Business School (SBS), Sunway University, No 5, Jalan Universiti, Bandar Sunway, 47500 Selangor Darul Ehsan, Malaysia
Sareer Ahmad: School of Economics, Quaid-I-Azam University, Islamabad, Pakistan
Samra Iqbal: School of Economics, Quaid-I-Azam University, Islamabad, Pakistan

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 1, 141-149

Abstract: When assessing sustainability performance, researchers often ignore the implications of combining energy, economic, and environmental factors. To address this void, we assess the consequence of energy dis-aggregation proceeding carbon emissions in SAARC nations. The majority of energy resources are renewable and non-renewable, which contributes to a rise in carbon dioxide emissions. This study aims to provide a thorough understanding of the energy utilization dioxide emissions nexus. The panel data sets covering the period 1971-2020 for the SAARC nations have been used for analysis. The data set was used to assess the effect of renewable and non-renewable energy consumption on emissions of carbon dioxide by factoring in other CO2-producing variables such as urbanization, primary and secondary education, globalization, and economic development. Panel Fully Modified Ordinary Least Squares (FMOLS) was used to examine the connection. According to research comparing the impact of renewable and non-renewable energy consumption upon Carbon dioxide emission, whereas non-renewable energy consumption increases CO2 emissions, renewable energy consumption decreases them. Urbanization, globalization, primary education, and economic growth increase carbon emissions, while secondary education contributes to environmental quality improvement via CO2 reduction. Therefore, increasing the usage of renewable energy and enhancing awareness through higher education may help SAARC nations to reduce pollution emissions.

Keywords: Renewable and Non-renewable Energy; Carbon Dioxide Emission; SAARC; Economic Growth (search for similar items in EconPapers)
JEL-codes: F1 F6 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/15049/7656 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/15049 (text/html)

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:eco:journ2:2024-01-16

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().