Investigating the Influence of Tourism, GDP, Renewable Energy, and Electricity Consumption on Carbon Emissions in Low-Income Countries

Anobua Acha Arnaud Martial, Huang Dechun, Liton Chandra Voumik, Md. Jamsedul Islam and Shapan Chandra Majumder ()
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Anobua Acha Arnaud Martial: Institute of Industrial Economics, Hohai University, Nanjing 210098, China
Huang Dechun: Institute of Industrial Economics, Hohai University, Nanjing 210098, China
Liton Chandra Voumik: Department of Economics, Noakhali Science and Technology University, Noakhali 3814, Bangladesh
Md. Jamsedul Islam: Department of Tourism & Hospitality Management, Noakhali Science and Technology University, Noakhali 3814, Bangladesh
Shapan Chandra Majumder: Department of Economics, Comilla University, Cumilla 3506, Bangladesh

Energies, 2023, vol. 16, issue 12, 1-21

Abstract: Due to a rapidly growing population and economy, an increase in emissions from urban growth, industrial growth, and energy use hurt the environment’s health. This research examines how tourism, population, income, renewable energy, and electricity consumption affect carbon emissions in twenty-six low-income countries. There is no cross-sectional dependence (CSD) problem, so quantile regressions (QR) and generalized method of moments (GMM) are used. Results show that the environment is obtaining benefits because of tourism. CO 2 emissions are rising because the per capita income, electricity consumption, and population are growing. CO 2 emissions can be lowered by using more renewable energy and growing the economy faster. Environmental Kuznets Curve (EKC) is also valid in low-income countries. Thus, increasing income will not be harmful to the environment. Similarly, increasing tourism, renewable energy, and rising GDP per capita benefit low-income countries. The government can focus on sustainable tourism. Policymakers may convince more people to use renewable energy resources and grow the sustainable tourism industry. This study recommends that the government reduce greenhouse gas emissions, promote tourism that is good for the environment, take initiatives to limit population growth, and use renewable energy.

Keywords: renewable energy; tourism industry; low-income countries; generalized method of moments; quantile regression; environmental kuznets curve (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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