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Assessing the impact of transition from nonrenewable to renewable energy consumption on economic growth-environmental nexus from developing Asian economies

机译:评估从不科金转型到可再生能源消费对亚洲经济的经济增长 - 环境Nexus的影响

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Greenhouse gasses have adverse effects on global wanning and air pollution and need to be optimized by minimizing the contributing factors. This work analyzes the effects of economic growth and energy resources (renewable and nonrenewable) on the emissions of greenhouse gasses (GHG). A 2000-2016 panel data from 25 developing Asian countries is analyzed through a robust Random Effect (RE) approach and Hausman Taylor Regression (HTR). Findings show a positive correlation between economic growth and energy consumption, while a 1% increase in renewable energy consumption results in a 0.193% decrease in carbon emissions. Economic growth and renewable energy are positively correlated in both the short and long term, which implies a valid feedback hypothesis. The findings indicate the significant contribution of nonrenewable energy resources to greenhouse gas emissions and the positive impact of renewable resources on greenhouse gas emissions' control. Furthermore, this study highlights the potential of developing Asian economies to preserve the environment through more robust regional environmental policies and renewable energy resources. In light of this study's findings, policymakers in Asian developing economies should develop policies on Renewable Energy infrastructure (RE) to improve GDP and reduce greenhouse gas emissions.
机译:温室气体对全球瓦宁和空气污染具有不利影响,并且需要通过最小化贡献因素来优化。这项工作分析了经济增长和能源(可再生和不可再生)对温室气体排放(GHG)的影响。通过强大的随机效应(RE)方法和Hausman Taylor回归(HTR)来分析来自25个发展中国家的2000-2016面板数据。结果表明,经济增长和能源消耗之间的正相关性,可再生能源消耗增加1%导致碳排放减少0.193%。经济增长和可再生能源在短期和长期内呈正相关,这意味着有效的反馈假设。调查结果表明,不可再生能源对温室气体排放的重大贡献以及可再生资源对温室气体排放控制的积极影响。此外,本研究强调了发展亚洲经济通过更强大的区域环境政策和可再生能源资源保护环境的潜力。鉴于本研究的调查结果,亚洲发展中经济体的政策制定者应制定可再生能源基础设施(RE)的政策,以改善GDP并减少温室气体排放。

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