Are renewable energy policies upsetting carbon dioxide emissions? The case of Latin America countries

Environmental Science and Pollution Research - The impact of renewable energy policies in carbon dioxide emissions was analysed for a panel of ten Latin American countries, for the period from 1991...     

Exploring the capacity of renewable energy consumption to reduce outdoor air pollution death rate in Latin America and the Caribbean region

Environmental Science and Pollution Research - The impact of renewable energy consumption on reducing the outdoor air pollution death rate, in nineteen Latin America & the Caribbean...     

Does financial openness cause the intensification of environmental degradation? New evidence from Latin American and Caribbean countries

Environmental Economics and Policy Studies - The impact of financial openness on environmental degradation, mainly via carbon dioxide emissions, was investigated for a panel of 21 Latin American...     

The decline of environmental degradation by renewable energy consumption in the MERCOSUR countries: an approach with ARDL modeling

The impact of consumption of renewable energy on CO₂ emissions was investigated, in five MERCOSUR’s countries from 1980 to 2014. The autoregressive distributed lag (ARDL) in the form of Unrestricted Error Correction Model to decompose the total effect of variables into it is the short- and long-run components. The results of preliminary tests showed the presence of cross-sectional dependence between the variables, the stationarity of all variables in the first differences, and the homogeneity in panel data. Moreover, the specification tests pointed to the presence of cross-sectional dependence, non-correlation between the crosses, serial correlation in the panel data model, and the existence of heteroskedasticity. The results of semi-elasticities (short run) and elasticities (long run) of ARDL model pointed that the economic growth and consumption of fossil fuels increase the CO₂ emissions in the short and long run, while the consumption of renewable energy reduces them. Despite the consumption of renewable energy reducing the environmental degradation in the MERCOSUR countries, its impact is small. Finally, this study proved that the consumption of renewable energy is able to reduce the CO₂ emissions, which is responsible for the environmental degradation in the MERCOSUR countries, and that the economic growth of these same countries increases the CO₂ emissions, along with the fact that all MERCOSUR countries are highly dependent of fossil fuels.