On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth

This paper examines the causal relationship between CO 2 emissions, nuclear energy consumption, renewable energy consumption, and economic growth for a group of 19 developed and developing countries for the period 1984–2007 using a panel error correction model. The long-run estimates indicate that t...

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Bibliographic Details
Published in:Ecological economics 2010-09, Vol.69 (11), p.2255-2260
Main Authors: Apergis, Nicholas, Payne, James E., Menyah, Kojo, Wolde-Rufael, Yemane
Format: Article
Language:English
Subjects:
Carbon emissions
Economic growth
Emissions
Emissions Nuclear energy Renewable energy Economic growth
Energy consumption
Nuclear energy
Renewable energy
Renewable energy sources
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Summary:This paper examines the causal relationship between CO 2 emissions, nuclear energy consumption, renewable energy consumption, and economic growth for a group of 19 developed and developing countries for the period 1984–2007 using a panel error correction model. The long-run estimates indicate that there is a statistically significant negative association between nuclear energy consumption and emissions, but a statistically significant positive relationship between emissions and renewable energy consumption. The results from the panel Granger causality tests suggest that in the short-run nuclear energy consumption plays an important role in reducing CO 2 emissions whereas renewable energy consumption does not contribute to reductions in emissions. This may be due to the lack of adequate storage technology to overcome intermittent supply problems as a result electricity producers have to rely on emission generating energy sources to meet peak load demand.
ISSN:0921-8009
1873-6106
DOI:10.1016/j.ecolecon.2010.06.014