Abstract
The key obstacles to attaining the prevailing goal of viable development are environmental degradation and climate change. Copious efforts have been made in this field, but still, the policy embraced and the empirical connection among the factors of carbon dioxide emissions are not evident. The connection between the variables of the analysis is subject to a theoretical and statistical inconsistency in the research. Through this research work, the association between carbon dioxide emissions and its determinants such as economic growth, energy use, financial development and technical progress is examined in Malaysia for the period from 1985 to 2019. The auto-regressive distributed lag method is employed to estimate long-run parameters. The results indicate that during the research period TI has an inverse but negligible impact on pollution in Malaysia. The analysis further shows that higher growth of economy increases long-term environmental efficiency and is consistent with the Kuznets environmental hypothesis. Also, the findings show that financial sector development would minimize emissions of carbon dioxide, thereby enhancing environmental quality in Malaysia. The short-term findings do not validate the EKC hypothesis. The Granger causality results reveal a two-way causality ranging from the growth of the economy to carbon dioxide emissions and TI to carbon dioxide emissions.Keywords: CO2 emissions, Technological Growth, GDP, MalaysiaJEL Classifications: O3, Q3DOI: https://doi.org/10.32479/ijeep.11888
Highlights
The main purpose of global government policies is pursuing greater and more viable economic growth
Among fastest developing economies of South Asia, Malaysia has a significant number of greenhouse gas (GHG) released in the atmosphere, and that is the cause of emissions in the atmosphere, because of its heavy reliance on fuel and further liquids (40%), gas (36%) and coal (17%) to fulfil its energy demands (US EIA)
The present research explored the connection between the quality of the environment and TI as well as contained other Carbon dioxide emissions factors
Summary
The main purpose of global government policies is pursuing greater and more viable economic growth. Greater materials and energy input would need to be used to increase industrial activities that pollute the atmosphere and would have adverse effects on the health of people as well as a productivity because a large number of waste byproducts are generated in the procedure. These actions increase greenhouse gas (GHG) concentrations and contribute to climate change and global warming. The rise in the average world ocean and air temperatures, increase in the sea level, the melting of snow and ice glaciers as well as the depletion of various species around the world demonstrate the rising GHG concentration that causes global warming and climate change. The Kyoto Protocol written in 1997 by the UN Climate Change structure aims to decrease the GHG emitted causing climate change has become one of the key agreements
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