Original scientific paper
https://doi.org/10.1080/1331677X.2022.2082998
Novel research methods to examine renewable energy and energy related greenhouse gases: evidence from novel panel methods
Chao Zhang
Ziwei Zhang
Abstract
In the current time, the most distressing issue is emissions control
and environmental recovery. All developed and developing
economies are rapidly expanding their industrial sector and
increasing energy use while struggling for environmental sustainability.
This study aims to analyse whether renewable energy
helps BRICS economies reduce energy related emissions. Also, the
role of economic growth, research and development, and public–-
private partnership investment in energy is investigated during
the period from 1990 to 2020. Using various panel data instruments,
the results illustrate the slopes heterogeneity, panel crosssection
dependence, and the long-run co-integration association
between the variables. Using the novel method of moment quantile
regression, this study found that economic growth adversely
affects environmental quality by triggering energy related emissions.
However, renewable energy consumption, research and
development, and public–private partnership investment in
energy significantly reduce energy related emissions in the region
at all quantile (25th, 50th, 75th and 90th). Besides, this study found
bidirectional causal nexus between economic growth, renewable
energy, research and development, and the energy related greenhouse
gas emissions, while unidirectional causality from public–-
private partnership investment to energy related emissions. Some
relevant policies are suggested that could help tackle the issue of
energy related emissions.
Keywords
Novel research methods; energy related emissions; renewable energy; economic growth; research and development; public–private partnership; method of moment quantile regression
Hrčak ID:
303781
URI
Publication date:
31.3.2023.
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