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A Novel Investigation to Explore the Impact of Renewable Energy, Urbanization, and Trade on Carbon Emission in Bhutan
| Content Provider | MDPI |
|---|---|
| Author | Rehman, Abdul Alam, Mohammad Mahtab Radulescu, Magdalena Alvarado, Rafael Mihai, Daniela Brutu, Madalina |
| Copyright Year | 2022 |
| Description | The present study explores the impact of renewable energy usage, economic progress, urbanization, and trade on carbon emissions in Bhutan. The stationarity among the variables was tested by employing the two unit root tests by taking the annual data series variables from 1982–2020. A symmetric (ARDL) technique was utilized to analyze the associations among variables with short- and long-run estimations. In addition, the cointegration regression method using FMOLS and DOLS was used in this investigation to discover the robustness of the study variables. Findings showed that via long-run assessment the variables renewable energy consumption, urbanization, and trade have adverse connections with $CO_{2}$ emission, while the variable economic progress shows a constructive linkage with carbon emission. However, the short-run assessment showed that the variable economic growth has a positive impact on carbon emissions. Further, the variables renewable energy consumption, urbanization, and trade have an adverse relation to carbon emissions in Bhutan. The consequences of both FMOLS and DOLS also mean that the variable renewable energy usage, urbanization, and trade have an adverse influence on carbon emission, while economic growth has a constructive linkage with $CO_{2}$ emission. Greenhouse gas emissions are undeniably an increasing global issue. This problem can only be handled by prudent legislation and funding. Despite having fewer greenhouse gas emissions than industrialized economies, Bhutan’s government needs to develop new rules to address this issue in order to ensure environmental sustainability and economic growth. |
| Starting Page | 2984 |
| e-ISSN | 19961073 |
| DOI | 10.3390/en15092984 |
| Journal | Energies |
| Issue Number | 9 |
| Volume Number | 15 |
| Language | English |
| Publisher | MDPI |
| Publisher Date | 2022-04-19 |
| Access Restriction | Open |
| Subject Keyword | Energies Environmental Engineering Renewable Energy Trade Urbanization Carbon Emissions Economic Growth |
| Content Type | Text |
| Resource Type | Article |