Nexus between Nuclear Energy, Economic Growth, and Greenhouse Gas Emissions in India

Asif Raihan, Grzegorz Zimon, Mohammad Mahtab Alam, Md. Rehan Khan and Beata Sadowska
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Asif Raihan: Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia
Grzegorz Zimon: Faculty of Management, Rzeszow University of Technology, 35†959 Rzeszow, Poland
Mohammad Mahtab Alam: Department of Basic Medical Sciences, College of Applied Medical Science, King Khalid University, Abha 61421, Saudi Arabia
Md. Rehan Khan: STS, Minto Circle, Aligarh Muslim University Aligarh (202002), Uttar Pradesh, India

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 2, 172-182

Abstract: The escalating demand for fossil fuels in India has resulted in a significant strain on the environment due to the amplified emissions of greenhouse gases (GHGs). Nevertheless, India possesses a significant capacity for nuclear energy, as seen by its 22 operational nuclear reactors. This capacity holds promise for reducing GHG emissions. This research utilized a dataset spanning from 1969 to 2021 to examine the impact of nuclear energy utilization on GHG emissions. The study also aimed to verify the validity of the environmental Kuznets curve (EKC) hypothesis in India, employing the Autoregressive Distributive Lag (ARDL) model. The findings suggest that the EKC is applicable to India. Furthermore, it has been observed that a marginal increase of 1% in the use of nuclear energy leads to a reduction of GHG by 0.02% in the immediate term and 0.16% in the long term. This finding highlights the significance of expanding nuclear power as a crucial policy objective in order to attain environmentally friendly and sustainable economic development.

Keywords: Nuclear Energy; GHG Emissions; Economic Growth; Emission Reduction; Sustainable Development (search for similar items in EconPapers)
JEL-codes: O40 P18 Q20 Q40 R10 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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