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author:

Chien, Fengsheng (Chien, Fengsheng.) [1] | Hsu, Ching-Chi (Hsu, Ching-Chi.) [2] | Ozturk, Ilhan (Ozturk, Ilhan.) [3] | Sharif, Arshian (Sharif, Arshian.) [4] | Sadiq, Muhammad (Sadiq, Muhammad.) [5]

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EI

Abstract:

The increasing greenhouse gas (GHG) emission and environmental degradation (ED) is a serious concern for the various economies, and a similar issue is observed in Asia. This paper investigated the role of clean energy from renewable sources, urbanization, and economic growth in determining the level of GHG emissions from 1995 to 2018 for ten Asian States through a cross-sectional autoregressive distributed lagged (CS-ARDL) model. Meanwhile, the current research also examined the cross-sectional dependence, unit root properties, and co-integration between the study variables. The study findings confirmed that clean energy and GDP2 played their constructive role in reducing GHG emissions in the natural environment or targeted economies. In contrast, urbanization and economic growth caused more GHG emissions both in the long and short run. Furthermore, the robust check through augmented mean group (AMG) and common correlated effect means group (CCEMG) also confirmed that clean energy and GDP2 have a good sign for lowering ED compared to GDP and urbanization. The study findings could support policymakers, specifically in the field of energy economics and environmental sustainability. Therefore, it is highly recommended that some strong policy implications are needed to reduce environmental issues through controlling the negative impact of economic growth and urbanization. This study contributes in the literature of GHG emission with respect to economic growth, urbanization and clean energy and guided the regulators while formulating policies related to control the GHG emission. © 2021 Elsevier Ltd

Keyword:

Economic analysis Gas emissions Greenhouse gases Public policy Sustainable development

Community:

  • [ 1 ] [Chien, Fengsheng]School of Finance and Accounting, Fuzhou University of International Studies and Trade, Fujian, China
  • [ 2 ] [Chien, Fengsheng]Faculty of Business, City University of Macau, China
  • [ 3 ] [Hsu, Ching-Chi]School of Finance and Accounting, Fuzhou University of International Studies and Trade, Fujian, China
  • [ 4 ] [Ozturk, Ilhan]Faculty of Economics and Administrative Sciences, Cag University, Mersin, Turkey
  • [ 5 ] [Ozturk, Ilhan]Department of Medical Research, China Medical University Hospital, China Medical University, Taichung, Taiwan
  • [ 6 ] [Ozturk, Ilhan]Department of Finance, Asia University, 500, Lioufeng Rd., Wufeng, Taichung; 41354, Taiwan
  • [ 7 ] [Sharif, Arshian]UCSI Graduate Business School, UCSI University, UCSI Heights, No. 1 Jalan Menara Gading, 56000 Cheras, Wilayah Persekutuan Kuala Lumpur, Malaysia
  • [ 8 ] [Sadiq, Muhammad]School of Accounting and Finance, Faculty of Business and Law, Taylor's University, Selangor, Malaysia

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Source :

Renewable Energy

ISSN: 0960-1481

Year: 2022

Volume: 186

Page: 207-216

8 . 7

JCR@2022

9 . 0 0 0

JCR@2023

ESI HC Threshold:66

JCR Journal Grade:1

CAS Journal Grade:2

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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