Environmental policy stringency,renewable energy consumption and CO2 emissions: Panel cointegration analysis for BRIICTS countries

ABSTRACT

The aim of this paper is to investigate the relationship between environmental policy stringency and CO₂ emissions in BRIICTS (Brazil, Russia, India, Indonesia, China, Turkey and South Africa) for the period 1993–2014 after controlling for renewable energy, fossil energy, oil prices and income. We believe that this is the first attempt to use the recently OECD-developed environmental policy stringency index to test the effectiveness of environmental stringency policy in reducing CO₂ emission in these countries. Applying the Panel Pooled Mean Group Autoregressive Distributive Lag (PMG-ARDL) estimator, we found an inverted U–shaped relationship between environmental policy stringency and CO₂ emissions. This suggests that initially strict stringent environmental policy does not lead to improvements in the environment but after a certain level or a threshold point, environmental stringency policy leads to improvement in environmental quality. Renewable energy consumption was negatively related to CO₂ emissions while fossil energy consumption and real oil prices and income were positively and significantly related to CO₂. Our findings suggest that strengthening the stringency of environmental policies and promoting renewable energy are effective ways of preventing environmental degradation in BRIICTS countries.     

How renewable energy and service growth influence environmental quality: Evidence from a sustainable development perspective

The present study inspects the relationships between the carbon dioxide (CO₂) emissions, real GDP, renewable and non-renewable energy consumption, as well as the service growth for top ten countries (TTC) in service activities. The empirical modeling used in the study involves the procedures of cointegration and tests of Granger causality to inspect the dynamic interaction between the variables during the period from 1980 to 2018. The results of the present study suggest that the variables are cross-sectionally dependent. In addition, the variables appear to be cointegrated based on several tests. The long-run outcomes revealed an inversed U-shaped form between emissions-GDP proving the validity of the environmental Kuznets curve assumption. The fully modified ordinary least squares and dynamic OLS estimates show that the non-renewable energy and economic growth contribute to the increase of CO₂ emissions, while service value-added leads to decrease emissions. Furthermore, the renewable energy coefficient comes through as negative but insignificant for the selected panel. The TTC in service should stimulate the usage of renewable energy in various service events for following the path of sustainable development. Devising the investment plans associated with the use of renewable energies is quite essential for the advancement of the service sector leading to mitigating emissions portion.     

Causal interactions between environmental degradation,renewable energy,nuclear energy and real GDP: a dynamic panel data approach

Renewable energy as well as nuclear energy are low carbon power that presents the life cycle emissions of greenhouse gases than fossil fuel energy. However, analyzing the relationship between the consumption of renewable energy, consumption of nuclear energy, CO₂ emissions and economic growth is crucial for the economic and energy policy decision; we address this question for developed countries. This paper deals with the relationships between nuclear energy, environmental degradation, real GDP and renewable energy. We apply a panel data model for a global panel consisting of nine developed countries during the period 1990–2013. The group studied consists of Canada, France, Japan, Netherlands, Spain, Sweden, Switzerland, UK and the USA. The empirical findings suggest that: (1) a causal link between emissions and real income, (2) a unidirectional causality running from renewable energy to nuclear energy, (3) a unidirectional causal relationship running from capital to environmental degradation, (4) a unidirectional causal relationship running from income to nuclear energy consumption, since the growth hypothesis is valid, (5) a unidirectional causality running from capital to income, (6) no an outstanding role of renewable energy use in the contribution of CO₂ emissions.     

Oil-Induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)

This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the study’s aims a time series model is built based on the period 1977–2008, utilizing the ecological footprint as an environmental indicator and income, labour, capital, oil consumption and oil price as economic indicators. Employing the Autoregressive Distributed Lag (ARDL) approach, by comparing the short and long-run income elasticities, the EKC hypothesis is present in six OPEC countries namely Algeria, Iraq, Venezuela, Nigeria, Qatar and Kuwait. Moreover, the Toda–Yamamoto–Dolado–Lütkepohl (TYDL) causality tests outcome show that, after oil consumption, the most significant factors in increasing ecological footprint are labor and capital. This implies the relocation of pollution intensive industries to almost all of the OPEC countries. However, oil prices reduce environmental damage by its negative effect on the ecological footprint. From the outcome of this study it is important for the investigated countries to reduce their consumption of fossil fuel energy since it represents an important source of pollution. This can be achieved by allocating more labor and capital in projects and investments on renewable energy, energy efficiency and energy saving.     

Dynamics of household energy consumption in a traditional African city, Ibadan

In the last three decades the Nigerian environment has experienced rapid degradation. A major contributory factor of this phenomenon is the pattern of socioeconomic development in the country that gives little or no consideration to environmental outcomes. An aspect of this development is the economic policy of removal of subsidies on petroleum products initiated in 1986 as a result of the worsening economic situation in the country which begun in the early 1980s. The result of this is that prices of commercial fuels inclusive of kerosene and LPG (cooking gas) have continued to rise beyond the reach of majority of the Nigerian population. The paper examines the effect of increasing prices of petroleum-derived energy sources on the pattern of energy use for cooking in low and middle-income households and the environmental implication in Ibadan, the largest truly indigenous urban centre in sub-Saharan Africa. Results show that prior to the further subsidy removal of 1993, majority of households sampled used kerosene for cooking. Thereafter, a complete or partial switch in the pattern of domestic energy consumption ensued with more households using fuel wood and other more polluting and less efficient energy sources for cooking. The paper recommends a transition towards more environmental friendly energy sources for household use.     

Another outlook into energy-growth nexus in Mexico for sustainable development: Accounting for the combined impact of urbanization and trade openness

This study corroborates the importance of United Nations Sustainable Development Goal 7 (SDG-7), intended to ensure access to affordable, reliable, sustainable energy for all, and SDG-8, designed to promote decent work and sustainable economic growth. This article is motivated by the highlighted SDGs and empirically explores the long-run and causality relationship between energy consumption, urbanization, trade openness, and economic growth for annual frequency data from 1965 to 2021 for the case of Mexico. To this end, we leverage the use of fully modified ordinary least squares, dynamic ordinary least squares, and canonical regression estimation methods, while for the direction of causality, the gradual shift and wavelet coherence methods are used. According to the Autoregressive distributed lag (ARDL), the bounds test traces a long-run relationship between the outlined variables over the sampled period. Empirical evidence validates the energy-induced growth hypothesis. This result resonates with the causality analysis, where energy consumption drives economic growth one way in Mexico. This suggests that Mexico cannot embark on energy-conservative policies, as such actions will hurt economic progress. In addition, unidirectional causality is seen between urbanization, trade openness, and economic growth. These findings have far-reaching implications for economic growth and macroeconomic indicators in Mexico. More insights are highlighted in the concluding section.     

Panel heterogeneous distribution analysis of trade and modernized agriculture on CO2 emissions: The role of renewable and fossil fuel energy consumption

In line with the global target of reducing climate change and its impact, this study explored the causal relationship between CO₂ emissions, modernized agriculture, trade openness, aggregate and disaggregate energy consumption in 14 African countries from 1990–2013 using a panel quantile estimation procedure. The empirical results showed that value addition to agricultural commodities declines CO₂ emissions in countries with high pollution levels. The study revealed a positive nexus between CO₂ emissions and energy consumption homogeneously distributed across quantiles. Trade openness was found to lower CO₂ emissions in countries with lower and higher levels of environmental pollution. While fossil fuel energy consumption was found to exacerbate CO₂ emissions, renewable energy consumption confirmed its mitigating effect on environmental pollution. The institution of climate‐smart agricultural options will sustainably increase productivity and income while adapting to climate change by reducing greenhouse gas emissions. Diversification of energy technologies with clean and modern energy sources like renewables avoid the over‐dependence on fossil fuels for agricultural purposes. Trade policies can stimulate flows of technology and investment opportunities for specialization in production and economies of scale. Hence, the consideration of policies that boost agricultural sector productivity and create an efficient market for international trade in Africa will help in improving livelihoods.     

A multi-criteria framework to assess the sustainability of renewable energy development in the Alps

A multi-criteria analysis (MCA) was implemented to assess the best solutions for enhancing the production of renewable energy in the Alps. A set of criteria were selected based on the impacts of four renewable energy sources (forest biomass, hydropower, ground solar photovoltaic and wind power) on the three spheres of sustainability (environmental, social and economic). Three different scenarios are presented, each with a different set of weights for the criteria: the first scenario considers equally all three aspects of sustainability; the second scenario foresees an environmentally-oriented perspective, while the third scenario is more focused on the socio-economic aspects related to the development of renewable energy. Results show that forest biomass and hydropower seem to be the most viable solutions for enhancing the share of renewable energy in the Alps. Ground solar photovoltaic and wind power, on the other hand, seem to be less attractive alternatives due to their high impacts on land use.     

Greening the Brazil,Russia, India,China and South Africa (BRICS) economies: Assessing the impact of electricity consumption,natural resources,and renewable energy on environmental footprint

Electricity consumption is a crucial factor in the environmental pollution process, and therefore, its impact needs to be carefully considered by policymakers. This study investigates the relationship between energy consumption, electricity generation, natural resource utilization, and environmental pollution in BRICS nations, which have a substantial share in global resource consumption. To this end, we employed a novel methodology, namely the Method of Moment Quantile Regression (MMQR), for the time period between 1990 and 2018, within the framework of the Environmental Kuznets Curve (EKC) theory. The study's outcome shows that natural resources and renewable energy are efficacious and significant in curbing environmental degradation among the sample countries. The investigation reveals a positive correlation between electricity consumption and environmental degradation, thereby highlighting this vital resource's role in exacerbating the BRICS nations’ ecological footprint. The findings from this research can provide crucial insights for policymakers to achieve sustainable development and carbon neutrality in these countries.     

Energy production and sustainability: A study of Belo Monte hydroelectric power plant

The increase in energy demand due to economic and population growth necessitates the expansion of the Brazilian energy supply. Hydropower energy, a renewable energy source, arguably clean, presents an energy solution for many countries such as Brazil, with large hydric reservoirs, which help them reduce energy dependence on fossil and imported fuel sources. However, it must be emphasized that without careful planning, the creation of hydropower plants will cause severe social and environmental damage due to the large areas that need to be flooded for the implementation of these plants. The installation of hydropower plants floods vast forest areas, causing loss of biodiversity, displacement of native Brazilian people and riverside populations, and changes to the water acid levels and the natural course of rivers. To mitigate these effects, authorities must first conduct a study on installation possibilities and potential socio‐environmental consequences, to be interpreted and used by the agents involved. Aiming to analyze the social‐environmental impacts of the hydropower plants, this research seeks to investigate the capacity of mitigation of the negative effects of the implementation of the hydropower plants, specifically with regard to the Belo Monte plant, Brazil.     

Green jobs,livelihoods and the post-carbon economy in African cities

This article examines the potential contribution of household scale off-grid renewable energy generation to the post-carbon economy. The large-scale focus of the green jobs agenda in high-income countries obscures how small-scale technologies can be a transformative source of employment in developing economies. Debates about what constitutes a green job and their value leaves out the everyday practice of green livelihoods carried out by the urban poor across the African continent in unfavourable institutional contexts where nonrenewable fuel is subsidised and renewable energy inputs are heavily taxed. The article presents experiences from field work in several countries, including Egypt, Nigeria and Kenya to provide practical examples of communities pursuing strategies of income generation, community empowerment and environmental preservation. We argue that scholars and practitioners concerned with both social justice and environmental preservation should embrace a definition of green jobs that is bottom-up or people-centred. The grassroots experiences highlighted illustrate the important role of non-governmental organisations in supporting transformative, locally sustainable green employment and livelihoods by piloting demonstration projects, fostering innovation, conducting research, forming coalitions and engaging in advocacy when local institutions and market conditions make both consumers and providers risk averse to off-grid renewable energy adoption.     

Heterogeneous effects of urbanization and environment Kuznets curve hypothesis in Africa

This work explores the heterogeneous effect of urbanization and nonrenewable energy consumption on the environment in 54 African nations. Panel data were used from 1996 to 2019. For estimation, panel quantile regression analysis, augmented mean group, panel threshold regression, and the environment Kuznets curve hypothesis were applied to check the relationship between income and carbon emissions. The study's outcome demonstrates that urbanization and nonrenewable energy consumption degrade the environment in Africa. Furthermore, an inverted U-shape relationship exists between economic growth and CO₂ emissions, confirming the environmental Kuznets curve hypothesis. The findings indicate that urbanization should be planned; otherwise, urbanization can cause environmental degradation. African countries must adopt green urbanization and use renewable energy and clean manufacturing technologies. The institutions are encouraged to execute the standard, regulatory environment, and policies to reduce carbon emissions. Countries throughout the African continent should actively respond to the issues by charting a separate and diverse route for urban development.     

From the erosion of crude oil prices to reorganization of the oil industry

Comparison of data on world energy consumption for 1986, 1987 and 1988 indicates that the consumption of all forms of energy increased during the period, but the demand for oil increased at a lesser rate than that of other energy sources. Although the pattern varies between countries, the overall picture is one of increased use of natural gas, coal, nuclear and hydropower as an energy source. Part of the reason for the low growth in oil demand is the oil conservation measures put in place when oil was much more expensive, but may partly be due to the scepticism of many people about the future movement of oil prices. The likely continuation of a low growth market for oil has led some oil exporting countries to move downstream in an effort to secure a dependable market for their oil and oil products.     

Toward energy and livelihoods security in Africa: Smallholder production and processing of bioenergy as a strategy

The past few years have seen a phenomenal rise in the production and consumption of biofuels and biodiesel at the global level. This development is of special significance to Africa, where about 550 million people (75% of the total population in Sub‐Saharan Africa) depend on traditional biomass (wood, charcoal, cow dung, etc.) and lack access to electricity or any kind of modern energy service. Derived from plants and agricultural crops, biofuels and biodiesel represent modern forms of bioenergy and more efficient use of biomass energy. Beyond efficiency, modern bioenergy offers tremendous opportunities to meet growing household energy demands, increase income, reduce poverty, and mitigate environmental degradation. In the African setting, energy and livelihoods security are indeed inseparable. This paper argues economic, social, and environmental benefits of modern bioenergy can be realized through a strategy that centres on smallholder production and processing schemes and pursuit of a livelihood approach to energy development. Such a scheme opens up new domestic markets, generates new cash incomes, improves social wellbeing, enhances new technology adoption, and lays the ground for rural economic transformation and sustainable land use. The paper concludes by underlining the vital importance of considering sound property rights and strategic planning of sustainable development as tools for sustainable energy and livelihoods security.     

Economic,social and environmental dimension of sustainable competitiveness of European countries

Over the last decade, promotion of competitiveness represents one of the central goals of economic policy of most of the countries. Moreover, in recent years, the promotion of competitiveness has been seen as a way of achieving desirable changes in economy and society. While there is no unity of views in the theory regarding the conceptual definition of the phenomenon of competitiveness, it is becoming less arguable that in strictly economic terms, competitiveness is a synonym for productivity. However, it should be noted that productivity growth that is accompanied by increasing social imbalance (for example, inequality in income distribution), on the one hand, and environmental pollution, on the other hand, cannot be a guarantee of improving the competitiveness of countries in the long run. Acknowledging precisely this fact and using the data from World Economic Forum on Global Competitiveness 2013, this paper elaborates on the phenomenon of sustainable competitiveness and tests the hypothesis about the positive impact of its social and environmental dimension on the economic dimension of sustainable competitiveness that is represented by the value of the Global Competitiveness Index. The survey of 34 countries confirmed the indisputable positive impact of the social dimension of sustainability, but also variable direction of the impact of the environmental dimension of sustainability (depending on the level of GDP per capita) on the economic dimension of sustainable competitiveness of European countries in 2013.     

RENEWABLE ENERGY SOURCES: THE CASE OF BRAZIL

Industrial nations have based their economic and social development on the use of fossil fuels (coal, petroleum and natural gas). This trend is being followed by many developing countries which have neither the natural resources nor the manpower to adopt this path. As a result one finds in many of these countries 'islands of prosperity' (based on consumption patterns copied from industrial nations) surrounded by a 'sea of poverty.' The problems resulting from this dual social structure are obvious in many parts of the world. It is argued here that renewable energy sources are a natural basis for the development of the poorer countries and that intelligent use of hydropower, biomass and direct solar energy can shortcut many of the problems faced today by industrial nations. The case of Brazil is analyzed as one of the countries in which these solutions are being tried.     

Energy consumption trends in high growth Asian economies before and after 1986

In 1986, world oil prices declined sharply. Lower oil prices have been favourable to economic growth and price stability in Asia. However, oil consumption has also been growing rapidly in developing Asian countries including those dependent on imported oil. The increasing dependence on oil as a source of energy since 1986 is a striking reversal of the previous trend. In their pursuit of rapid industrialization, Asian countries have neglected energy conservation and diversification strategies. Unless energy policy is redirected, countries like Korea, Thailand and the Philippines could be seriously hurt by a sharp rise in oil prices. An increase in oil prices is almost inevitable in the next few years.     

Availability and access of financial support for renewables: issues and an illustrative innovation

This paper examines issues related to increasing the market penetration of renewable forms of energy in developing countries. It particularly focuses on availability and access of financial support for investments relating to renewable energy and a case study is presented illustrating innovative financing. While the main focus of the discussion is on renewable energy (RE) attention is also devoted to energy efficiency (EE) projects and investment. An underlying premise is that, if RE projects are to reach their market potential, they must be fiscally sustainable and the appropriate promotion of such fiscally sustainable RE projects yields multiple environmental and developmental synergies. Commercial viability is not primarily a question of technology. There is a broad range of RE products with proven performance and commercial operation in selected market situations. The challenge of extending this market penetration is to establish the institutional, organizational and financial conditions under which a commercial market for these products can develop, particularly in developing countries. This article reflects current emphasis on increased private participation in the energy sector, as well as policy reform at the national level.     

The role of electricity in sustainable development

Current projections estimating world population growth read in conjunction with corresponding projections of increased world energy consumption, point to electricity as the cleaner fuel of the future, especially because of its high efficiency and low levels of pollution. Due mostly to the fact that the electrical end-use devices are considerably more efficient than those using other forms of energy, most developed countries show decreasing curves of energy intensity as technologies become more sophisticated and shift over to increased reliance on electricity. It is therefore argued in this article that a gradual shift away from fossil fuels to electricity is a promising possibility to bring down global air pollution and emissions of greenhouse gases to acceptable levels. Examples are given of greater efficiency achieved by electrification. Overall gains in energy efficiency from the change over from fossil fuels to electricity, are possible even in situations where the electricity is generated by fossil fuel combustion, despite the loss of primary energy in the conversion process. The article also presents electricity generating projects designed for developing countries and countries with economies in transition. The generation of electricity from the combustion of renewable sources (biomass waste), fossil fuels, and other innovative methods are outlined.     

新疆水电资源开发与清洁发展机制(CDM)项目开展

新疆水利资源丰富,具有开发水电的天然资源优势。清洁发展机制是建立在《京都议定书》下的国际合作机制。发达国家和发展中国家可以通过清洁发展机制,实现温室气体的减排和可持续发展。结合目前水电开发面临的实际形势,并根据我区能源开发总体规划布局,对水电CDM项目开发活动进行统筹协调,进一步促进新疆水电的快速、有序、均衡、协调发展。