Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC


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Authors

  • Ahsan Akbar Department of Informatics and Quantitative Methods, Faculty of Informatics and Management, University of Hradec Kralove, 50003 Czech Republic
  • Azeem Gul Department of International Relations, National University of Modern Languages, Islamabad, Pakistan
  • Mariam Sohail ESc Clermont Business School, Clermont Ferrand, France
  • Martina Hedvicakova Department of Economics, Faculty of Informatics and Management, University of Hradec Kralove, Hradec Kralove, Czech Republic
  • Syed Arslan Haider Department of Management, Sunway Business School (SBS), Sunway University, No 5, Jalan Universiti, Bandar Sunway, 47500 Selangor Darul Ehsan, Malaysia
  • Sareer Ahmad School of Economics, Quaid-I-Azam University, Islamabad, Pakistan
  • Samra Iqbal School of Economics, Quaid-I-Azam University, Islamabad, Pakistan

DOI:

https://doi.org/10.32479/ijeep.15049

Keywords:

Renewable and Non-renewable Energy, Carbon Dioxide Emission, SAARC, Economic Growth

Abstract

When assessing sustainability performance, researchers often ignore the implications of combining energy, economic, and environmental factors. To address this void, we assess the consequence of energy dis-aggregation proceeding carbon emissions in SAARC nations. The majority of energy resources are renewable and non-renewable, which contributes to a rise in carbon dioxide emissions. This study aims to provide a thorough understanding of the energy utilization dioxide emissions nexus. The panel data sets covering the period 1971-2020 for the SAARC nations have been used for analysis. The data set was used to assess the effect of renewable and non-renewable energy consumption on emissions of carbon dioxide by factoring in other CO2-producing variables such as urbanization, primary and secondary education, globalization, and economic development. Panel Fully Modified Ordinary Least Squares (FMOLS) was used to examine the connection. According to research comparing the impact of renewable and non-renewable energy consumption upon Carbon dioxide emission, whereas non-renewable energy consumption increases CO2 emissions, renewable energy consumption decreases them. Urbanization, globalization, primary education, and economic growth increase carbon emissions, while secondary education contributes to environmental quality improvement via CO2 reduction. Therefore, increasing the usage of renewable energy and enhancing awareness through higher education may help SAARC nations to reduce pollution emissions.

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Published

2024-01-15

How to Cite

Akbar, A., Gul, A., Sohail, M., Hedvicakova, M., Haider, S. A., Ahmad, S., & Iqbal, S. (2024). Impact of Renewable and Non-Renewable Energy Resources on CO2 Emission: Empirical Evidence from SAARC. International Journal of Energy Economics and Policy, 14(1), 141–149. https://doi.org/10.32479/ijeep.15049

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