Assessing the impact of transition from nonrenewable to renewable energy consumption on economic growth-environmental nexus from developing Asian economies

Renewable and Non-Renewable Energy Consumption, Carbon Dioxide Emissions, and Economic Growth: Empirical Evidence from Central Asian Countries Bolor-Erdene Turmunkh Abstract This study examines the relationships between non-renewable and renewable energy consumption, carbon dioxide emissions, economic growth, and population in Central Asian countries after the transition economics with the Panel Granger Causality, Panel Cointegration, and Panel non-stationarity tried to explain using the causality test, using 1992 to 2019 data from the World Development Indicators (WDI). The engagement of developing countries is an increasingly important part of addressing greenhouse gas (GHG) emission-driven climate change. As such, understanding the patterns of energy use, GHG emissions, and economic growth in developing countries is vital. Major Central Asian countries are important in this respect due to their size, rapid growth, and extensive energy reserves. It has experienced rapid growth in its economy, energy consumption, and GHG emissions in recent years. It performs tests to verify the existence of the longrun relationships among the variables and examines short and longrun causal relationships. It finds that increased fossil fuel use is the main cause of increased carbon dioxide (CO2) emissions. Full Text: PDF DOI: 10.15640/jeds.v9n1a7

The energy sector has become the largest contributor to greenhouse gas (GHG) emissions. Among these GHG emissions, most threatening is CO2 emission which comes from the consumption of fossil fuels. This empirical work analyzes the roles of renewable energy consumption and non-renewable energy consumption in CO2 emissions in Pakistan. The empirical evidence is based on an auto-regressive distributive lag (ARDL) model of data from 1970 to 2016. The disaggregate analysis reveals that renewable energy consumption has an insignificant impact on CO2 emission in Pakistan and that, in the non-renewable energy model, natural gas and coal are the main contributors to the level of pollution in Pakistan. Economic growth positively contributes to CO2 emission in the renewable energy model but not in the non-renewable energy model. Policies that emphasize the contribution of renewable energy to economic growth and that add more clean energy into the energy mix are suggested.

The study investigates the impact of renewable and non-renewable energy consumption on economic growth in the Middle East and North Africa from 1996 to 2023. The research uses the threshold model methodology to determine the relationship between energy consumption and economic growth, based on GDP, non-renewable energy consumption, and renewable energy consumption. The findings show that the influence of the new energy transition threshold on economic growth depends on the levels of gross domestic product, renewable energy consumption, and fossil fuel energy consumption. The study concludes that the impact of renewable and non-renewable energy consumption on economic growth is non-linear, varying with levels of these factors. The evidence suggests that the behaviours of renewable and nonrenewable energies are similar, which may indicate that the economy is at a single structural level and that structural transformation has not been sufficiently robust. The interaction between renewable and non-renewable energy and economic growth is not restricted to a specific threshold, as each threshold level represents different dimensions of the economic dynamics of the countries. In brief, Heavy reliance on traditional energy sources will result in significant economic resistance, which will negatively impact economic growth. However, with improved renewable energy infrastructure and reduced reliance on traditional or non-renewable energy, this negative impact will transform into a positive effect on long-term economic growth.

Imposing versus Enacting Commitments for the Long‐Term Energy Transition: Perspectives from the Firm

Increasing industrial activities trigger the intense use of fossil fuels and increase the number of carbon emissions in the atmosphere. Countries with a high share in current carbon emissions need to expand their use of renewable energy sources. Canada is an important energy producer and consumer globally. In this regard, its decisions are important for the future development of global emissions. This study examines the asymmetric effects of economic growth, renewable energy, and non-renewable energy consumption on carbon emissions in Canada from 1965 to 2017. In the first stage of the analysis, unit root testing was performed for the variables. For this, Lee-Strazicich (2003), ADF and PP unit root tests were used. The nonlinear ARDL method was used to analyze the relationship between variables. and Measures: In order to analyze the relationship between the variables in the established model, renewable energy consumption (%), non-renewable energy consumption (%), and carbon emissions (per capita-Mt). In addition, the economic growth (constant price 2010- US$) parameter was added to the model as a control variable. The findings support that energy consumption, economic growth, and renewable energy have an asymmetric effect on carbon emissions in the long run. The positive shock in renewable energy reduces carbon emissions, and a unit increase in renewable energy reduces carbon emissions by 1.29%. Besides, the negative shock in economic growth greatly deteriorates the quality of the environment; that is, a 1% reduction in economic growth causes emissions to increase by 0.74% in the long run. On the other hand, positive shocks in energy consumption have a positive and significant effect on carbon emissions. A 1% increase in energy consumption causes 1.69% carbon emissions. There are important policy implications for Canada to eliminate carbon emissions, increase the share of renewable energy sources and achieve its economic growth targets. In addition, Canada needs to reduce its consumption of non-renewable energy (such as gasoline coal, diesel, and natural gas).

Major US electric utility climate pledges have the potential to collectively reduce power sector emissions by one-third

Renewable and non-renewable energy, regime type and economic growth

Strong governance is vital for developing environmental policies to promote renewable energy consumption and discourage nonrenewable energy sources. The present research explores the effect of economic growth and different governance indicators on renewable and nonrenewable energy consumption in Pakistan, India, Bangladesh, and Sri Lanka using data from 1996 to 2019. For this purpose, the study uses different econometric techniques to find the long-term effects of the rule of law, regulatory quality, corruption control, government effectiveness, political stability, voice and accountability, and economic growth on oil, natural gas, coal, hydroelectricity, and renewable energy consumption. The results show that economic growth has a positive impact on all investigated renewable and nonrenewable energy sources. Additionally, regulatory quality measures also increase all types of renewable and nonrenewable energy consumption. Except for natural gas, the impact of the rule of law is negative, and government effectiveness positively affects all energy sources. Control of corruption has a positive effect on natural gas consumption. Political stability has a negative effect on nonrenewable energy sources and a positive impact on renewable energy sources. The magnitudes of the effects of economic growth and most governance indicators are found to be larger on nonrenewable sources than renewable sources. The testing of the energy consumption and governance nexus is scant in global literature and is missing in South Asian literature. Hence, the study results contribute to how South Asian economies can be more sustainable in energy use by enhancing governance indicators in the economies. Particularly, the results imply that these countries should focus on improving the rule of law, corruption control, governance, regulatory quality, political stability, and economic growth to help maintain a sustainable balance of renewable and nonrenewable energy sources. Moreover, this issue needs further attention in developing countries, as governance indicators would play an effective role in promoting sustainable energy.

Environmental sustainability has emerged as a global imperative, necessitating a nuanced understanding of the determinants of greenhouse gas (GHG) emissions. Although previous studies have highlighted various environmental indicators the specific influence of technological innovation, renewable energy adoption, and forest cover on GHG emissions within G‐7 countries remains insufficiently explored. In this regard, this study examines the impact of these factors on GHG emissions across the G‐7 countries over the period 1995–2021. The empirical results reveal significant cross‐sectional dependence and confirm that technological innovation, renewable energy consumption, and forest conservation significantly contribute to reducing GHG emissions. In contrast, tourism development and economic growth are associated with increased environmental degradation. Moreover, causality analysis uncovers a unidirectional relationship from GHG emissions to technological innovations and from tourism to GHG emissions, alongside a bidirectional causal nexus between renewable energy and GHG emissions. Furthermore, advanced machine learning techniques, including Gradient Boosting (GB) and Extreme Gradient Boosting (XGBoost), identify these variables as key predictors of GHG emissions. These findings underscore the critical role of data‐driven, evidence‐based policymaking in advancing environmental sustainability. By strategically integrating technological advancements and renewable energy frameworks, G‐7 policymakers can more effectively mitigate climate change impacts. The study advocates for comprehensive and targeted policy interventions that address the intricate interplay between economic dynamics and environmental imperatives in the pursuit of a sustainable future.

Renewable energy sources are one of the important economic factors of today. Energy resources have a great place for economic growth. There are many types of renewable energy sources, each of which is one of the indispensable elements for the development and development of countries. In this study, which measures the importance of energy consumption within the scope of economic growth and renewable energy, the effects of renewable energy sources and economic growth on energy consumption are investigated. In the study, the relationship between renewable energy sources, economic growth and energy consumption was examined by making panel cointegration analysis for Greece between 1997-2015. According to the results of the analysis, the panel data model established is significant at the 95% level. The independent factors explain 78% of the dependent variable's variation, according to R2. Energy consumption and renewable energy consumption were negatively correlated. A significant and positive relationship was found between economic growth and energy consumption at the 95% confidence level. An 1% increase in economic growth will increase energy consumption by about 15%. This result obtained because of the estimation also supports the theoretical expectation.

Symmetric and asymmetric impact of economic growth, capital formation, renewable and non-renewable energy consumption on environment in OECD countries

Clean and low-carbon energy sources and technologies have emerged as a critical driver in delivering the energy transition and achieving net zero-carbon emissions. All energy sources and power systems produce greenhouse gases (GHGs) and hence they contribute to anthropogenic greenhouse gas emissions and resultant climate change besides contributing to other negative environmental impacts. Energy sustainability remains a major challenge globally due to current heavy reliance on depletable and polluting fossil fuels for most of global energy needs. This study examines the energy transition strategies and proposes a roadmap for sustainable energy transition for sustainable energy planning and grid electricity generation and supply in wake of commitments made by the world community to the Paris Agreement aimed at reducing greenhouse gas emissions and limiting the rise in global average temperature to 2oC and preferably 1.5oC above the preindustrial level and realisation of the sustainable development goal of the United Nations. The sustainable transition strategies typically consist of three major technological changes namely, energy savings on the demand side, generation efficiency at production level and fossil fuel substitution by various renewable energy sources and low carbon non-renewable sources like nuclear power and carbon emission reduction strategies like carbon capture and sequestration and a conversion from high carbon fossil fuels like coal and oil to natural gas which remains the cleanest fossil fuel. The study demonstrated that decentralised generation with application of both demand side management and behind the meter management (BTM) strategies are effective measures to increase the use of renewable energy resources which are often locally available leading to higher uptake of renewable energy sources and conversion of consumers to prosumers making the transition economically sustainable. Waste to energy options have a significant potential to contribute to the energy transition e.g. use of biowaste for biogas production, slaughterhouse waste biodigestion for biogas and electricity generation and waste treatment and disposal, waste heat recovery from used geothermal for extra power generation and reinjection to improve the reservoir sustainability and use of bagasse and sugarcane trash for grid-based power production in sugar factories. Therefore, domestic, and industrial scale waste to energy conversion can enhance the economic sustainability of waste management process by offering useful energy substitutes for fossil fuels and enhanced energy security through decentralisation of generation. Whereas sustainable development has social, economic, and environmental pillars, energy sustainability is best analysed by five-dimensional approach consisting of environmental, economic, social, technical, and institutional/political sustainability to determine energy resource sustainability. The study recommends the adoption of sustainability-based planning for energy development and optimisation of electricity generation and supply where energy sources are analysed and ranked based on the five dimensions of energy sustainability instead of Least Cost Development Planning (LCDP) often applied by many countries. On this basis, the sustainable energy transition and optimisation of power generation will rely on both renewable and non-renewable energy since both have an important role in the realisation of the energy transition plans even though the desire is to shift entirely to renewable energy sources by the year 2050. The sustainability of various energy sources was assessed with hydrogen, wind, solar, sugarcane bagasse and cane trash, biogas and ocean energy technologies proving to be among the most sustainable renewable energy and sustainable sources. The study also examined various power plants and energy conversion systems for electricity generation in terms of their specific role and potential in grid-based power generation with hydro power plants, geothermal, nuclear, fuel cells, raking high on performance indicators like load and capacity factors making them ideal for base load power supply. Diesel engines and gas turbines using cogeneration and dual cycle systems powered by cleaner fuels like natural gas, hydrogen and biomethane will play an important role in supplying intermediate and peak load power. The study highlighted enabling technologies and concepts in the energy transition which include decentralisation of generation, cogeneration and trigeneration, demand side and behind the meter management microgrids and smart grid technologies, energy and generation planning and optimisation models, energy storage, electrification of transport and use of electric cars as decentralised electricity sources through the V2X technologies like the G2V and V2G, and carbon capture and sequestration for emissions reduction in fossil fuel power plants making them more sustainable. The study classifies electric vehicles as distributed power plants and variable loads with extensive use of energy storage while sugar cane bagasse is noted as a sustainable energy resource for power generation by cane sugar factories by application of more efficient grid connected cogeneration power plants. The study identified long project gestation period as the main factor limiting nuclear and geothermal energy deployment and recommends the adoption of modularised wellhead generators and small modular nuclear reactors (SMRs) as a solution to enhance exploitation of these sustainable energy and technologies through faster deployment with high degree of flexibility. Biogas and biomethane demonstrated significant potential as renewable energy sources for power generation and substitute fuels in all applications of fossil natural gas. The study recommends sustainability-based planning for the energy sector and power generation and use of both renewable and non-renewable but sustainable sources of energy, adoption of smart energy concept by all sectors and investment in energy technology and infrastructure development for hydrogen and other promising energy sources like ocean thermal, wave and tidal energy and the conversion of the transition from the traditional to smart grid systems and a shift from centralised to decentralised power generation. Since the transport sector accounts for a significant portion of the global greenhouse gas emissions, electrification of the transport sector and coupling with the power sector is a key strategy recommended for the transition with the smart grid and microgrids playing an enabling role. Since energy sources and generation technologies have associated emissions occurring at different sections of the lifecycle, the use of lifecycle costs and emissions are helpful in long term energy and generation planning which demonstrate that renewable sources and nuclear are the most sustainable when analysed within the five dimensions of energy sustainability, but with the non-renewable sources playing a critical role as dispatchable sources for sustainable grid power generation, while the smart grids and use of energy storage can increase the uptake of variable renewables to as high as 95% to 100% up from a low of 20-25% uptake of variable renewables with the traditional grid. This will significantly help the world in achieving the global emissions and climate targets as. stipulated in the Paris Agreement as well as the sustainable development goals (SDGs). Graphical Abstract The overall objective of the study was to provide solutions to build global energy systems based on renewable and sustainable energy resources and optimise power generation and consumption by use of sustainable energy resources and generation technologies based on the five dimensions of energy sustainability. A sustainable energy system should intergrade electricity and other sectors through smart electricity grids, smart gas grids and smart heat grids as demonstrated below.

This study aims to estimate the effects of economic growth, renewable and non-renewable energy consumption and natural resources on carbon emissions for the period of 1990-2014, in 11 countries, using 3 panels: (i) full countries panel, (ii) South Asian countries and (iii) Southeast Asian countries. For all panels, the long-run elasticities were estimated. The results suggest that non-renewable and renewable energy consumption increase economic development in the three panels. Besides, natural resources impede the economic growth in South Asian and full countries panels while natural resources increase the economic activities in Southeast Asian countries. Non-renewable and economic growth increase CO2 emissions, whereas, renewable energy consumption lessens the carbon emissions. Natural resources also contributed to CO2 emissions in the case of South Asian and full countries panels while improved the environmental quality in the Southeast Asian region. It was also observed that there is cointegration among the variables in all three panels. Policy recommendations can be made, in the sense that renewable energy sources should be preferred to decrease CO2 emissions, and education and corruption should be improved to estimulate the economic growth in the studied areas.Keywords: Renewable Energy, Non-renewable Energy, CO2 Emissions, Natural resources, CS-ARDLJEL Classifications: Q43, Q44, Q56DOI: https://doi.org/10.32479/ijeep.9956

Dynamic impact of renewable and non-renewable energy consumption on CO2 emission and economic growth in Saudi Arabia: Fresh evidence from wavelet coherence analysis

Considering the limited resources of fossil energy and the problems caused by the emission of greenhouse gases, it is necessary to pay more attention to renewable energies, because in this way, the goals of sustainable development can be achieved. The importance of renewable energies in sustainable development, reducing greenhouse gases and increasing energy security on the one hand, and the need for financial resources and large investments for renewable energy projects on the other hand, doubles the role and importance of financial development in the development of renewable energies. Considering the importance of this issue, the present study examines the impact of the development of modern facilities and renewable energy technology. In this study, dynamic interactions in the Sustainable-Energy-Energy Development Pattern of carbon dioxide are investigated using the Bayesian Vector Auto Regression (BVAR) method. One of the most important indicators for evaluating sustainable development is the modified pure arrangement (GS). For this purpose, this index was used as a sustainable development index. The results indicate that the effect of positive impulse on renewable and renewable energy consumption on sustainable development in Uganda is positive. In addition, the positive shock of renewable and renewable energy consumption increases the emissions of carbon dioxide pollutants to a different extent. In addition, the effect of the growth of sustainable development index on renewable energy consumption and renewal energy consumption is (CO2) negative. The research results show that based on the RMSE criterion, the former SSVS-Full function was used to investigate the impact of renewable energy consumption on sustainable development and the independent Normal-Wish art function was used. Therefore, in this research, the dynamic relationships between sustainable development, energy consumption (separately from renewable and non-renewable energy) and CO2 emissions are investigated.