Energy Consumption, Carbon Emission and Economic Growth at Aggregate and Disaggregate Level: A Panel Analysis of the Top Polluted Countries

Economic expansion leads to higher CODe2 emissions, which puts pressure on environmental degradation. More than 30% of carbon emissions are contributed by the top0polluting countries in the world through their energy consumption. Therefore, the current study examines the association between CO2 emis...

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Bibliographic Details
Published in:Sustainability 2023-02, Vol.15 (4), p.2935
Main Authors: Sharif, Fatima, Hussain, Ihsanullah, Qubtia, Maria
Format: Article
Language:English
Subjects:
Air pollution
Analysis
Carbon dioxide
Clean energy
Climate change
Composition effects
Economic aspects
Economic development
Economic growth
Emission analysis
Emissions
Emissions (Pollution)
Emitters
Energy consumption
Energy industry
Energy sources
Energy use
Environmental degradation
Fossil fuels
GDP
Global warming
Greenhouse gases
Gross Domestic Product
Hypotheses
Income distribution
Industrial production
Kyoto Protocol
Natural gas
Oil
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Summary:Economic expansion leads to higher CODe2 emissions, which puts pressure on environmental degradation. More than 30% of carbon emissions are contributed by the top0polluting countries in the world through their energy consumption. Therefore, the current study examines the association between CO2 emissions, energy consumption, GDP and industrial production, along with other control variables at the aggregated and disaggregated levels for the top emitter countries for the 1990–2019 period. The short- and long-term results indicate that CO2 emissions are positively and significantly linked with energy consumption, except carbon emissions from the gas model, by employing the PARDL model using pooled mean group (PMG) analysis. Thus, gas consumption is less polluting to the environment than other sources of energy; therefore, countries need to reduce the consumption of coal and oil, which will lead to a decrease in CO2 emissions. This refers to the composition effect, which focuses on the use of clean energy instead of dirty energy in the production and consumption processes. The shift from oil or coal to gas in the production process will help to reduce the oil demand, which ultimately controls its consumption and prices, which may help to control the prices of various other goods and services.
ISSN:2071-1050
2071-1050
DOI:10.3390/su15042935