Abstract The role of renewable and fossil fuel energy consumption on environmental sustainability remains inconclusive due to varied economic and technological structure. This study provides new insight by assessing the nexus between the utilization of two energy categories — renewable and conventional, environmental quality and economic growth embodying capital, trade openness and government expenditure. A panel data of 45 Emerging Market and Developing Economies (EMDEs) from 1990 to 2014 was employed in the study. We applied heterogeneous panel data approach and second-generational econometric techniques that permit cross-sectional dependence and slope heterogeneity. The evaluation of long-term effects conducted by AMG, along with CCEMG and MG estimators revealed that besides other factors such as government expenditure, capital, and trade openness, non-renewable and renewable energy utilization significantly contributes to the economic growth of the selected EMDEs. The study acknowledges the trade-off effect between environmental quality and economic growth. Using Dumitrescu and Hurlin test, we found strong evidence to support the feedback hypotheses among renewable energy, consumption of conventional fuels, economic growth and CO 2 emissions. From a policy perspective, the empirical findings recommend the implementation of effective policies that promote green power and economic structural adjustment in order to diminish the level of atmospheric CO2 emissions.

中文翻译：

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可再生能源和常规能源使用、环境质量和经济增长之间的动态联系：来自新兴市场和发展中经济体的证据

摘要 由于不同的经济和技术结构，可再生能源和化石燃料能源消费对环境可持续性的作用仍然不确定。这项研究通过评估两种能源类别——可再生能源和常规能源、环境质量和经济增长（包括资本、贸易开放和政府支出）的利用之间的联系，提供了新的见解。该研究采用了 1990 年至 2014 年 45 个新兴市场和发展中经济体 (EMDE) 的面板数据。我们应用了异质面板数据方法和第二代计量经济技术，允许横截面依赖性和斜率异质性。AMG 以及 CCEMG 和 MG 估计器进行的长期影响评估表明，除了政府支出、资本、贸易开放、不可再生和可再生能源利用显着促进了选定 EMDE 的经济增长。该研究承认环境质量和经济增长之间的权衡效应。通过 Dumitrescu 和 Hurlin 检验，我们发现了强有力的证据来支持可再生能源、传统燃料消耗、经济增长和 CO 2 排放之间的反馈假设。从政策角度来看，实证结果建议实施有效的政策，促进绿色电力和经济结构调整，以降低大气二氧化碳排放水平。该研究承认环境质量和经济增长之间的权衡效应。通过 Dumitrescu 和 Hurlin 检验，我们发现了强有力的证据来支持可再生能源、传统燃料消耗、经济增长和 CO 2 排放之间的反馈假设。从政策角度来看，实证结果建议实施有效的政策，促进绿色电力和经济结构调整，以降低大气二氧化碳排放水平。该研究承认环境质量和经济增长之间的权衡效应。通过 Dumitrescu 和 Hurlin 检验，我们发现了强有力的证据来支持可再生能源、传统燃料消耗、经济增长和 CO 2 排放之间的反馈假设。从政策角度来看，实证结果建议实施有效的政策，促进绿色电力和经济结构调整，以降低大气二氧化碳排放水平。