Modeling the Dynamic Linkage between Renewable Energy Consumption, Globalization, and Environmental Degradation in South Korea: Does Technological Innovation Matter?

Tomiwa Sunday Adebayo,Dilber Çağlar Onbaşıoğlu,Husam Rjoub,João Xavier Rita,Ibrahim Adeshola,Paulo Viegas Carvalho,Manuel Francisco Coelho,Mário Nuno Mata

doi:10.3390/en14144265

Abstract

The present research assesses the influence of globalization and technological innovation on CO2 emissions in South Korea as well as taking into account the role of renewable energy consumption and energy consumption utilizing datasets between 1980 and 2018. The autoregressive distributed lag (ARDL) bounds testing method is utilized to assess long-run cointegration. The outcome of the ARDL bounds test confirmed cointegration among the series. Furthermore, the ARDL reveals that economic growth, energy consumption and globalization trigger environmental degradation while technological innovation improves the quality of the environment. In addition, the study employed the frequency domain causality test to capture causal linkage among the series. The major advantage of this approach is that causal linkage between series can be captured at the short, medium and long term, respectively. The outcomes of the causality test revealed that globalization, technological innovation, economic growth and energy use can predict CO2 emissions in South Korea.

Highlights

We discovered a wealth of information on the influence of renewable energy on environmental pollution
Technological innovation has the highest mean value which is followed by economic growth, energy use, globalization, CO2, and renewable energy use
The globalization score is better which is followed by CO2, REC, GDP, EC and Technological innovation (TI)

Summary

Introduction

10-year average annual growth rate of 1.1%. Extreme weather events contributed to the significant upsurge in CO2 emissions in 2018 [1]. Global warming has never before posed such a significant threat to human lives and activity. The presence of air contamination and severe weather conditions, as is regularly witnessed, pose substantial health risks to humans [2]. In this respect, it is critical to pay significant awareness to the topic of climate change; else, the dangers and concerns associated with climate change, which are predicted to rise in the future years, will have disastrous consequences for safety and human health [3,4]

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Results

Conclusion