Renewable-nonrenewable energy: institutional quality and environment nexus in South Asian countries

Today energy has become a fundamental need; without energy consumption, no country can survive economically. Along with developed economies, developing countries are struggling more to achieve sustainable economic growth. Therefore, different strategies are being made to develop renewable energy for...

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Bibliographic Details
Published in:Environmental science and pollution research international 2021-06, Vol.28 (21), p.26529-26536
Main Author: Mehmood, Usman
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon dioxide
Carbon dioxide emissions
Developing countries
Earth and Environmental Science
Economic development
Economic growth
Economics
Ecotoxicology
Emissions
Energy
Energy consumption
Energy usage
Environment
Environmental Chemistry
Environmental Health
Environmental science
Industrial production
LDCs
Population growth
Renewable energy
Renewable resources
Research Article
Social factors
Socioeconomic data
Socioeconomic factors
Socioeconomics
Waste Water Technology
Water Management
Water Pollution Control
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Summary:Today energy has become a fundamental need; without energy consumption, no country can survive economically. Along with developed economies, developing countries are struggling more to achieve sustainable economic growth. Therefore, different strategies are being made to develop renewable energy for economic gains. In this line, this study attempts to investigate the impacts of nonrenewable and renewable energy and other socioeconomic factors on CO2 emissions in South Asian countries. The annual data was converted into quarterly data of 1996Q1-2019Q4. The unit root test with structural breaks confirmed mix order of integration and further ARDL approach was applied to know the long- and short-run associations. The long-run association shows that economic growth in Bangladesh, Pakistan, and Sri Lanka is not sustainable. Nepal is achieving economic growth with reducing CO2 emissions. In India, Sri Lanka, and Nepal, institutional quality can play an important role to achieve cleaner production. In Pakistan and Bangladesh, population growth is also lowering CO2 emissions. In India, Sri Lanka, and Nepal, nonrenewable energy usage is contributing to environmental pollution and renewable energy is lowering it. These countries need to enhance the ratio of renewable energy to their industrial production units.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-12554-0