Original scientific paper
https://doi.org/10.1080/1331677X.2022.2154240
Sustainable economic performance and transition towards cleaner energy to mitigate climate change risk: evidence from top emerging economies
Bin He
Xiang Ma
Muhammad Nasir Malik
Riazullah Shinwari
Yaode Wang
Lingli Qing
Abd Alwahed Dagestani
Mohammed Moosa Ageli
Abstract
It is reasonable to expect that the energy needs of the top
emerging economies will increase over the coming decades as
their economies expand rapidly. There may be environmental
costs to using conventional energy from fossil fuels to meet
increased energy demand. Therefore, this study aims to investigate
the link between energy efficiency and energy transition
along with additional control variables like research and development
expenditures, trade, and gross domestic product for the top
10 emerging countries between 1990 and 2021. To study the
case of these targeted economies, the authors use panel data
and novel panel data econometrics techniques for a long-run relationship
like the MMQR to observe changes over time between
the variables, which is useful in the empirical evidence. The models’
primary findings are as follows: The panel cointegration tests
confirm log-run associations among the targeted variables. Energy
efficiency has the largest influence on the energy transition. The
control variables like RDR and TRA decrease renewable energy
consumption in the targeted economies. The findings also support
the notion that GDP drives renewable energy consumption
in the leading emerging economies. Numerous important ecological
sustainability-related plans are recommended to the concerned
governments based on research findings.
Keywords
Energy efficiency; energy transition; R&D expenditures; trade; method of movement quantile regression (MMQR)
Hrčak ID:
310043
URI
Publication date:
1.9.2023.
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