Abstract
This study examines the nexus between energy consumptions and CO2 emissions in selected industrialized countries and selects the industrialized countries where three are industrialized and two are a newly industrial growing country out of five. The panel section implies the period from 1980 to 2014 for selected countries. The WDI is the main data source for the selected variables. This study conducts the FMOLS method, which is suggested by unit root and the Johansen co integrations test. The Granger causality also uses to estimate the causality in current variables. The Johansen Fisher co-integration test indicates the long-run association’s among the variable. The FMOLS technique estimates the marginal effect that industrialization and energy outlay is an authentic and significant influence on CO2 emission. Panel Ganger causality also shows a reliable result to estimate the causal relation.
Highlights
Carbon dioxide emission is the major concern for industrialized countries, industrialized countries it’s a concern for developing or newly industrial growing countries because the environmental degradations vastly effects of those kinds of countries as lack of environmental management system and lack of controlling pollution
The secondary data are collected from WDI and this study conduct panel estimate from 1980 to 2014 with carbon dioxide emissions (CO2) as explained variable and energy consumption (Enc), industrialization (Ind) are explanatory variables
The Environmental Kuznets curve theory supports the current findings with the argument of Soytas et al (2006), Lean and Smyth (2013), Dogan and Turkekul (2016) who have found the similar results. This perusal examined the nexus between energy consumption and CO2 emissions for selected industrialized countries as a panelbased study from 1980 to 2014
Summary
Carbon dioxide emission is the major concern for industrialized countries, industrialized countries it’s a concern for developing or newly industrial growing countries because the environmental degradations vastly effects of those kinds of countries as lack of environmental management system and lack of controlling pollution. Industrialized countries face environmental degradations like as sea levels increase, Cyclone, Flood, and Drought which are the primary causes of rising CO2 outlay and global warming. Shahbaz et al (2016) predict that the developing countries will be faced a greater challenge from climate change and CO2 emissions. The CO2 emission is the most vital element of increasing the GHG as the amount 76.7% of total emissions. He added that industrialized countries increased CO2 emissions with energy consumption in both short-run and long run
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