Assessment of the role of trade and renewable energy consumption on consumption-based carbon emissions: evidence from the MINT economies

This research formulates a theoretical framework to investigate the impacts of trade on consumption-based carbon emissions (CCO 2 ) and also takes into account the influence of financial development and renewable energy use utilizing panel data for Mexico, Indonesia, Nigeria, and Turkey (MINT) natio...

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Bibliographic Details
Published in:Environmental science and pollution research international 2021-11, Vol.28 (41), p.58271-58283
Main Authors: Adebayo, Tomiwa Sunday, Rjoub, Husam
Format: Article
Language:English
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Earth and Environmental Science
Economic development
Economic growth
Ecotoxicology
Emissions
Emissions trading
Energy consumption
Environment
Environmental Chemistry
Environmental Health
Environmental science
Exports
Imports
Independent variables
International trade
Regulatory mechanisms (biology)
Renewable energy
Renewable resources
Research Article
Time series
Waste Water Technology
Water Management
Water Pollution Control
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Summary:This research formulates a theoretical framework to investigate the impacts of trade on consumption-based carbon emissions (CCO 2 ) and also takes into account the influence of financial development and renewable energy use utilizing panel data for Mexico, Indonesia, Nigeria, and Turkey (MINT) nations between 1990 and 2017. The study utilizes a series of second-generation techniques such as Westerlund cointegration, cross-sectional augmented autoregressive distributed lag (CS-ARDL), and augmented mean group (AMG) tests to capture the linkage between CCO 2 emissions and the independent variables. The study aims to answer the following questions: (a) can exports and imports determine CCO 2 emissions in the MINT nations? (b) Is there a long-run association among the variables under investigation? The results of the Westerlund cointegration reveal a long-run association among the variables. The CS-ARDL outcomes indicate that imports and economic growth increase CCO 2 emissions, while renewable energy use and exports decrease CCO 2 emissions. Moreover, the outcomes of the AMG test also give credence to the CS-ARDL results. Our key policy recommendations are that initiatives, rules, and regulatory mechanisms should be implemented that promote the transformation toward renewable energy.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-14754-0