Renewable Energy Consumption and Environmental Sustainability in Canada: Does Political Stability Make a Difference?

Energy is unquestionably necessary for economic progress; nevertheless, it also produces CO 2 emissions, which are the primary cause of climate change and environmental degradation. Renewable energy, which consists of non-carbohydrate energy sources that do not or seldom emit emissions, can assist t...

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Bibliographic Details
Published in:Environmental science and pollution research international 2022-08, Vol.29 (40), p.61307-61322
Main Author: Adebayo, Tomiwa Sunday
Format: Article
Language:English
Subjects:
Alternative energy
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Canada
Carbohydrates
Carbon dioxide
Carbon dioxide emissions
climate
Climate change
domain
Earth and Environmental Science
Economic development
Economic growth
Economics
Ecotoxicology
Emissions
energy
Energy consumption
Energy sources
Environment
Environmental Chemistry
Environmental degradation
Environmental Health
Environmental impact
Environmental science
Globalization
International financing
Political factors
Political risk
Politics
Renewable energy
renewable energy sources
Renewable resources
Research Article
risk
Stability
Sustainability
Sustainable development
Time series
trade
Waste Water Technology
Water Management
Water Pollution Control
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Summary:Energy is unquestionably necessary for economic progress; nevertheless, it also produces CO 2 emissions, which are the primary cause of climate change and environmental degradation. Renewable energy, which consists of non-carbohydrate energy sources that do not or seldom emit emissions, can assist the accomplishment of both ecological sustainability and sustainable development in this respect. Against this background, this paper takes into account political risk and assesses the impact of renewable energy use on CO 2 emissions in Canada from 1990 to 2018 controlling economic growth and trade globalization. The present research utilized an innovative dynamic ARDL method that overcomes the limitations of the ARDL method. The results revealed significant evidence of cointegration. In the long run, we established that a surge in economic growth, political risk, renewable energy use, and trade globalization mitigates environmental degradation. Furthermore, the outcomes of the frequency domain causality disclosed that in the long term, economic growth, political risk, renewable energy use, and trade globalization can predict CO 2 emissions in Canada. Since the political stability in Canada has helped to attract foreign firms to invest. Therefore, ensuring political stability will bring in more foreign investment, forcing the Canadian government to take its climate crisis problem more seriously.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-022-20008-4