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The effect of energy resources on economic growth and carbon emissions: A way forward to carbon neutrality in an emerging economy
Journal of Environmental Management ( IF 8.0 ) Pub Date : 2021-08-04 , DOI: 10.1016/j.jenvman.2021.113448
Kexiang Hu 1 , Chandrashekar Raghutla 2 , Krishna Reddy Chittedi 3 , Rui Zhang 4 , Mansoor Ahmed Koondhar 5
Affiliation  

Globally, all countries have producing different levels of carbon emissions and also facing both the problems of climate change and global warming due high carbon emissions in the atmosphere. Therefore, it is important to cutting carbon emissions in the atmosphere. This is only possible by switching to cleaner fuels, use of innovation technologies and development of carbon capture storages. These can substantially help the nations to reaching carbon neutrality. Given this background, this paper examines the effect of disaggregated energy consumption, technological innovations, capital on economic output and CO2 emissions in India for the period of 1990–2018. Based on empirical analysis, our long-run elasticities indicate that disaggregated energy consumption and technological innovations have a positive impact on economic growth, while renewable energy consumption and technological innovations have a positive impact on CO2 emissions. It implies that more use of energy consumption producing significant amount of CO2 emissions and by using renewable energy consumption and technological innovations (i.e. carbon capture storages) can significantly lowering CO2 emissions, which is clearly indicating that India has moving towards carbon neutrality. The causality analysis further indicates a unidirectional causal relationship running from disaggregated energy usage to economic growth and carbon emissions. These empirical findings suggest that the increased consumption of renewable power does not lead to rise carbon emissions, which, in turn, ensures sustainable economic growth.



中文翻译:

能源资源对经济增长和碳排放的影响:新兴经济体实现碳中和的出路

在全球范围内,各国都产生了不同程度的碳排放,同时由于大气中的高碳排放,也面临着气候变化和全球变暖的问题。因此,减少大气中的碳排放非常重要。这只有通过改用更清洁的燃料、使用创新技术和开发碳捕获存储才能实现。这些可以极大地帮助各国实现碳中和。在此背景下,牛逼他的论文探讨分类能耗,技术创新,资本对经济产出和CO的效应21990-2018 年期间印度的排放量。基于实证分析,我们的长期弹性表明分解能源消费和技术创新对经济增长有积极影响,而可再生能源消费和技术创新对CO 2排放有积极影响。这意味着更多地使用能源消耗会产生大量的 CO 2排放,并且通过使用可再生能源消耗和技术创新(即碳捕获储存)可以显着降低 CO 2排放,这清楚地表明印度已朝着碳中和迈进。因果关系分析进一步表明了从分解的能源使用到经济增长和碳排放的单向因果关系。这些实证研究结果表明,可再生能源消耗的增加不会导致碳排放量增加,从而确保可持续的经济增长。

更新日期:2021-08-04
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