The Role of Energy Consumption and Economic Growth on Carbon Emission- Application of Artificial Neural Network

This paper examines the influence of gross domestic product (GDP) and energy consumption (renewable energy and non-renewable energy) on carbon emissions in European Union (EU) Countries use of panel data from 2000 to 2020.  By using Artificial Neural Network (ANN) machine learning computational tech...

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Bibliographic Details
Published in:International journal of energy economics and policy 2023-01, Vol.13 (6), p.591-596
Main Authors: Sah, Hemant Kumar, Sisodia, Gyanendra Singh, Ahmed, Gouher, Rafiuddin, Aqila, Abidi, Naseem
Format: Article
Language:English
Subjects:
Artificial Neural Network
Carbon
Carbon dioxide removal
Carbon Emission
Clean energy
Clean technology
Economic growth
Economics
Emissions
Energy Consumption
Energy economics
Energy policy
Environmental policy
Environmental protection
GDP
GDP growth
Green energy
Gross Domestic Product
Machine learning
Neural networks
Panel data
Renewable energy
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Summary:This paper examines the influence of gross domestic product (GDP) and energy consumption (renewable energy and non-renewable energy) on carbon emissions in European Union (EU) Countries use of panel data from 2000 to 2020.  By using Artificial Neural Network (ANN) machine learning computational technique, variables are categorized into input and output parameters. The result from the analyses shows that RMSE values of all variables are significant. Further, the normalized importance obtained from the multilayer perception ANN algorithm highlights the importance of variables and their association. The finding suggests that EU countries should adopt a clean energy strategy and policy for environmental protection without compromising economic growth.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.14666