This paper investigates the determinants of carbon emissions based on energy consumption, analyzing the data of 30 countries using nuclear energy for the period 1990–2014. Renewable energy and nuclear energy consumption are adopted as determinants, and real coal price and real GDP are used as additive variables. The panel cointegration analysis and Granger causality tests are conducted to investigating the relationship among the variables. First, the panel cointegration test results suggest that long-run equilibrium relationship exists among carbon emissions, renewable energy consumption, and nuclear energy consumption. The results of the long-run cointegrating vector and Granger causality tests indicate that nuclear energy does not contribute to carbon reduction unlike renewable energy. Thus, the development and expansion of renewable, not nuclear, energy are essential to prevent global warming. Though there is a concern that rising energy prices caused by the expansion of renewable energy may impact the economy negatively, our empirical results also imply that renewable energy consumption will promote economic growth. In other words, our evidence shows that using and expanding renewable energy is both economically and ecologically beneficial.
Renewable and Sustainable Energy Reviews – Elsevier
Published: Aug 1, 2018
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera