Urbanization, Economic Development, and Environmental Degradation: Investigating the Role of Renewable Energy Use

The current study explored the impact of renewable energy use, urbanization, economic growth and trade in services on CO2 emission in Maldives by using annual data series ranging from 1990 to 2020. We have checked the variables influences by utilizing the nonlinear autoregressive distributed lag (NA...

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Bibliographic Details
Published in:Sustainability 2022-08, Vol.14 (15), p.9337
Main Authors: Rehman, Abdul, Radulescu, Magdalena, Cismas, Laura Mariana, Alvarado, Rafael, Secara, Carmen Gabriela, Tolea, Claudia
Format: Article
Language:English
Subjects:
Alternative energy sources
Carbon dioxide
Climate change
Economic development
Economic growth
Economics
Emission analysis
Emissions
Energy
Energy consumption
Environmental degradation
Fossil fuels
Greenhouse effect
Impact analysis
Sustainability
Sustainable development
Urbanization
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Summary:The current study explored the impact of renewable energy use, urbanization, economic growth and trade in services on CO2 emission in Maldives by using annual data series ranging from 1990 to 2020. We have checked the variables influences by utilizing the nonlinear autoregressive distributed lag (NARDL) method with long-run and short-run connections. Findings via long-run and short-run showed that the variables renewable energy use and economic growth has positive and negative coefficients via positive and negative shocks that uncover the constructive and adverse linkage to CO2 emission in Maldives. Similarly, trade in services showed an adversative and positive connection to CO2 emission via positive and negative shocks. During the analysis, the variable urbanization uncovered a negative linkage to CO2 emission. It is imperative that Maldives implement new policies and strategies aimed at reducing CO2 emission in order to avert the environmental devastation.
ISSN:2071-1050
2071-1050
DOI:10.3390/su14159337