The nexus between urbanization, renewable energy consumption, financial development, and CO2 emissions: evidence from selected Asian countries

Ahsan Anwar (), Avik Sinha, Arshian Sharif (), Muhammad Siddique (), Shoaib Irshad (), Waseem Anwar () and Summaira Malik ()
Additional contact information
Ahsan Anwar: National College of Business Administration and Economics
Muhammad Siddique: National College of Business Administration and Economics
Shoaib Irshad: Izmir University of Economics
Waseem Anwar: COMSATS University Islamabad
Summaira Malik: COMSATS University Islamabad

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2022, vol. 24, issue 5, No 25, 6556-6576

Abstract: Abstract In terms of attaining the objectives of Sustainable Development Goals (SDGs), the Asian economies are considered as laggards, and one of the major problems faced by these economies is the issue of environmental degradation. For addressing this pertaining issue, a policy-level reorientation might be necessary. In this view, this study aims to explore the impact of urbanization, renewable energy consumption, financial development, agriculture, and economic growth on CO2 emissions in 15 Asian economies over 1990–2014. The empirical evidence demonstrates that urbanization, financial development, and economic growth increase CO2 emissions, renewable energy consumption reduces CO2 emissions, and the impact of agriculture is insignificant. Impulse response function and variance decomposition techniques are used to test the causality among the variables. Based on the study outcomes, a comprehensive SDG-oriented policy framework has been recommended, so that these economies can make progression toward attaining the objectives of SDG 13 and SDG 7. This study contributed to the literature by recommending this SDG-oriented policy framework, which encapsulates economic growth and its drivers.

Keywords: Urbanization; Renewable energy consumption; Financial development; CO2 emission; SDG (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

Downloads: (external link)
http://link.springer.com/10.1007/s10668-021-01716-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: The nexus between urbanization, renewable energy consumption, financial development, and CO2 emissions: evidence from selected Asian countries (2021)
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:spr:endesu:v:24:y:2022:i:5:d:10.1007_s10668-021-01716-2

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-021-01716-2

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().