Economics at your fingertips  

Renewable energy consumption, carbon emissions, and development stages: Some evidence from panel cointegration analysis

Kim Hanh Nguyen and Makoto Kakinaka

Renewable Energy, 2019, vol. 132, issue C, 1049-1057

Abstract: Renewable energy consumption has been promoted to mitigate climate change problems under various schemes, such as the Kyoto Protocol and the Paris Agreement. A country's choice of energy resources depends on the balancing of economic growth and environmental degradation, which will be closely related to its development stage. This study examines how the relationship between renewable energy consumption and carbon emissions is associated with the development stage by applying a panel cointegration analysis to 107 countries during the period from 1990 to 2013. The analysis shows the clear differences between the groups of low- and high-income countries. For low-income countries, renewable energy consumption is positively and negatively associated with carbon emissions and output, respectively. However, for high-income countries, renewable energy consumption is negatively and positively associated with carbon emissions and output, respectively. These results have important implications for policymakers, since the discrepancies in these relationships mean that a country's renewable energy policies should be highly compatible with its development stage.

Keywords: Renewable energy consumption; Carbon emissions; Panel cointegration analysis (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

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:

DOI: 10.1016/j.renene.2018.08.069

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2020-09-09
Handle: RePEc:eee:renene:v:132:y:2019:i:c:p:1049-1057