Academic Journal
Nexus between carbon emissions, energy consumption, and economic growth: Evidence from global economies
| العنوان: | Nexus between carbon emissions, energy consumption, and economic growth: Evidence from global economies |
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| المؤلفون: | Dissanayake, Hasara, Perera, Nishitha, Abeykoon, Sajani, Samson, Diruni, Jayathilaka, Ruwan, Jayasinghe, Maneka, Yapa, Shanta |
| المساهمون: | Bhowmik, Roni |
| المصدر: | PLOS ONE ; volume 18, issue 6, page e0287579 ; ISSN 1932-6203 |
| بيانات النشر: | Public Library of Science (PLoS) |
| سنة النشر: | 2023 |
| المجموعة: | PLOS Publications (via CrossRef) |
| الوصف: | Renewable energy holds a remarkable role in clean energy adaptation due to the much lower carbon footprint it releases compared to other fossil fuels. It also has a positive impact by slowing down the rate of climate change. The study has examined the links between renewable and non-renewable energy use, CO 2 emissions and economic growth in developed, developing, and LDCs and Economies in Transition between 1990 and 2019 in 152 countries. Granger-causality has been used as the methodology to investigate the link between the variables. The findings of the existing studies on the relationship between the consumption of renewable and non-renewable energy sources and economic growth are inconsistent, indicating that there may or may not be a relationship between the two factors. Apart from having a few empirical studies so far have examined the link between the above-mentioned variables, analysis has yet to encompass all the regions in the four sub-groups discussed above. The results indicated that no Granger-causal relationship exists between GDP and REC outside of Economies in Transition. Additionally, the GDP and CO 2 of all countries have a one-way relationship. Nevertheless, research indicates that GDP and CO 2 have a bi-directional link in Economies in Transition, a uni-directional relationship in developing countries, and no meaningful association in developed and LDCs. Therefore, it is essential to emphasise actions to lower CO 2 emissions and develop renewable energy while also stimulating the economy. Ultimately, more nations should choose renewable energy sources to build a more sustainable future. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1371/journal.pone.0287579 |
| الاتاحة: | http://dx.doi.org/10.1371/journal.pone.0287579 https://dx.plos.org/10.1371/journal.pone.0287579 |
| Rights: | http://creativecommons.org/licenses/by/4.0/ |
| رقم الانضمام: | edsbas.922129DF |
| قاعدة البيانات: | BASE |
| DOI: | 10.1371/journal.pone.0287579 |
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