Abstract

The main purpose of this study is to determine the possible long run impacts of renewable energy supply on the welfare cost of premature deaths caused by air pollution in the Asia-Pacific Economic Cooperation (APEC) countries during 1990-2016 by using dynamic panel data techniques. The long run elasticity results showed that the increasing supply of renewable energy sources reduces the welfare cost of air pollution. Empirical findings revealed that clean energy should not just seen as a sustainable energy source but also considered as an efficient way to struggle with possible negative externalities of pollution.

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