The Negative Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: An empirical evidence from South American Countries
Resumo
The impact of renewable energy consumption on the carbon dioxide emissions was analyzed for a panel of ten South American countries in a period from 1980 to 2012. The Autoregressive r to decompose the total effect of renewable energy consumption on the carbon dioxide emissions in its short- and long-run components. The results indicate that the consumption of renewable energy reduce the carbon dioxide emissions in -0.0420 % when the consumption of alternative sources increases in 1% in short-run.
Keywords: Renewable energy, environmental, energy economics, econometric.
Texto completo:
PDFReferências
ALIPRANDI, F.; STOPPATO, A.; MIRANDOLA, A. Estimating CO2 emissions reduction from renewable energy use in Italy. Renewable Energy, v.96, part. A, p.220-231, 2016.doi. 10.1016/j.renene.2016.04.022.
AL-MULALI, U.; TANG, C.F.; OZTURK, I.Estimating the Environment Kuznets Curve Hypothesis: Evidence from Latin America and The Caribbean Countries. Renewable and Sustainable Energy Reviews, v.50, p.918–924, 2015.doi: 10.1016/j.rser.2015.05.017.
APERGIS, N.; PAYNE, J.E.; MENYAH, K.; WOLDE-RUFAEL, Y. On the causal dynamics between emissions, nuclear energy, renewable energy, and economic growth. Ecological Economics, v.69, n.11, p.2255–2260, 2010.doi. 10.1016/j.ecolecon.2010.06.014.
BALTAGI, B.H; ANSELIN, L. Spatial econometrics: In a companion to theoretical econometrics. Blackwell: Oxford, p.310-330, 2001.doi.10.1002/9780470996249.ch15.
BALTAGI, B.H. Econometric analysis of panel data. Fourth Edition, Chichester, UK: John Wiley &Sons,2008.
BILGILI, F.; KOÇAK, E.; BULUT, U. The dynamic impact of renewable energy consumption on CO2 emissions: A revisited Environmental Kuznets Curve approach. Renewable and Sustainable Energy Reviews, v.54, p.838-845, 2016.doi.10.1016/j.rser.2015.10.080.
BLACKBURNE III, E.F.; FRANK, M.W. Estimation of non-stationary heterogeneous panels. The Stata Journal, v.7, n.2, p.197-208,2007.
BREUSCH, T.S.; PAGAN, A.R. The Lagrange multiplier test and its applications to model specification tests in econometrics. The Review of Economic Studies, v.47, n.1, p.239-253,1980.Available in:< http://www.jstor.org/stable/2297111>.
CHOI, I. Unit root test for panel data. Journal of International Money and Finance, v.20, n.2, p.249-272, 2001.doi. 10.1016/S0261-5606(00)00048-6.
DRISCOLL, J.; KRAAY, A.C. Consistent covariance matrix estimation with spatially dependent data. Review of Economics and Statistics, v.80, n.4, p.549-560, 1998.doi: 10.1162/003465398557825.
EBERHARDT, M.; PRESBITERO, A.F. This time they are different: Heterogeneity and nonlinearity in the relationship between debt and growth. IMF, Working Paper 13/248,2013.
ENERGY INFORMATION ADMINISTRATION (EIA). Available in:< http://www.iea.org/statistics/> .
FARHANI, S.; SHAHBAZ, M. What role of renewable and non-renewable electricity consumption and output is needed to initially mitigate CO2 emissions in MENA region?. Renewable and Sustainable Energy Reviews, v.40, p.80-90, 2014.doi. 10.1016/j.rser.2014.07.170.
FUINHAS, J.A.; MARQUES, A.C.; COUTO, A.P. Oil rents economic growth in oil producing countries: Evidence from a macro panel. Economic Change and Restructuring, v.48, n.3, p.257-279, 2015.doi. 10.1007/s10644-015-9170-x.
FUINHAS, J.A.; MARQUES, A.C.; KOENGKAN, M. Are renewable energy policies upsetting carbon dioxide emissions? The case of Latin America countries. Environmental Science and Pollution Research, v.24, n.17,p.15044-15054,2017.doi: 10.1007/s11356-017-9109-z.
GREENE, W. Econometric Analysis. Upper Saddle River, NJ: Prentice—Hall,2000.
GROSSMAN, G.; KRUEGER, A. Environmental Impacts of a North American Free Trade Agreement. National Bureau of Economic Research, working paper WP3914. Cambridge, Massachusetts,1991.
HSIAO, C. Analysis of panel data.2nd ed., Cambridge, University Press,2013.
IRENA. U.S. REMAP 2030.Mitigating Climate Change Thought Renewables: How Doubling the Renewable Energy Share Can Keep Global Temperatures in Check,2014. Available in:< https://www.irena.org/remap/REmap-FactSheet-8-Climate%20Change.pdf>. Access in 05 Nov. 2016.
JAFORULLAH, M.; KING, A. Does the use of renewable energy sources mitigate CO2 emissions? A reassessment of the US evidence. Energy Economics, v.49, p.711-717, 2015.doi. 10.1016/j.eneco.2015.04.006.
JEBLI, B.M.; YOUSSEF, B.S. The environmental Kuznets curve, economic growth, renewable and non-renewable energy, and trade in Tunisia. Renewable and Sustainable Energy Reviews, v.47, p.173-185, 2015.doi: 10.1016/j.rser.2015.02.049.
JEBLI, B.M.; YOUSSEF, B.S. Renewable energy consumption and agriculture: evidence for cointegration and Granger causality for Tunisian economy. International Journal of Sustainable Development & World Ecology, v.24, n.2, p.149-158, 2016.doi: 10.1080/13504509.2016.1196467.
JEBLI, B.M.; YOUSSEF, B.S. The role of renewable energy and agriculture in reducing CO2 emissions: Evidence for North Africa countries. Ecological Indicators, v.74, p.295-301, 2017.doi: 10.1016/j.ecolind.2016.11.032.
JOUINI, J. Economic growth and remittances in Tunisia: bi-directional causal links. Journal of Policy Model, v.37, n.2, p.355–373, 2015.doi: 10.1016/j.jpolmod.2015.01.015.
KLEVMARKEN, N.A. Panel studies: What can we learn from them? Introduction. European Economic Review, v.33, n.3, p.523-529,1989.
KOENGKAN, M. Is globalization influencing primary energy consumption? The case of Latin American and Caribbean countries. Cadernos UniFOA, v.12, n.33, p.1-11. e-ISSN: 1982-1816.
LEVIN, A.; LIN, C-F.; CHU, C-S.J. Unit root test in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, v.108, n.1, p.1-24, 2002.doi. 10.1016/S0304-4076(01)00098-7.
MADDALA, G.S.; WU, S. A comparative study of unit rood test with panel data a new simple test. Oxford Bulletin of Economics and Statistics, v.61, n.1, p.631-652, 1999.doi. 10.1111/1468-0084.0610s1631.
MOSCONE, F.; TOSETTI, E. A review and comparison of tests of cross-section independence in Panels. Journal of Economic Surveys, v.23, n.3, p.528-561, 2009.doi.10.1111/j.1467-6419.2008.00571. x.
MENYAH, K.;WOLDE-RUFAEL, Y. CO2 emissions, nuclear energy, renewable energy and economic growth in the US. Energ Policy, v.38, n.6, p.2911–2915,2010.doi. 10.1016/j.enpol.2010.01.024.
MEHRARA, M. Energy consumption and economic growth: the case of oil exporting countries. Energy Policy, v.35, n.5, p.2939–2945,2017.doi: 10.1016/j.enpol.2006.10.018.
ÖZBUGDAY, F.C.; ERBAS, B.C. How effective are energy efficiency and renewable energy in curbing CO2 emissions in the long run? A heterogeneous panel data analysis. Energy, v.82, n.15, p.734-745, 2015.doi. 10.1016/j.energy.2015.01.084.
O’BRIEN, R.M. A caution regarding rules of thumb for variance inflation factors. Quality & Quantity, v.41, n.5, p.673- 690, 2007.doi. 10.1007/s11135-006-9018-6.
PABLO-ROMERO, M.D.P.; JESÚS, J.D. Economic growth and energy consumption: The Energy-Environmental Kuznets Curve for Latin America and the Caribbean. Renewable and Sustainable Energy Reviews, v.60, p.1343-1350, 2016.doi: 10.1016/j.rser.2016.03.029.
PESARAN, M.H. General Diagnostic Tests for Cross Section Dependence in Panels. Department of Applied Economics, 2004.doi: 10.17863/CAM.5113.
PESARAN, M.H. A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, v.22, n.2, p.256-312, 2007.doi.: 10.1002/jae.951.
PESARAN, M.H.; SHIN, Y.; SMITH, R.P. Pooled mean group estimation of dynamic heterogeneous panels. Journal of American Statistical Association, v.94, n.446, p.621-634,1999.
QI, T.; ZGANG, X.; KARPLUS, V.J. The energy and CO2 emissions impact of renewable energy development in China. Energy Policy, v.64, p.60-69, 2014.doi. 10.1016/j.enpol.2013.12.035.
ROBALINO-LÓPEZ, A.; MENA-NIETO, A.; GARCÍA-RAMOS, J.E.; GOLPE, A.A. Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025). Renewable Sustainable Energy Reviews, v.41, p.602-614, 2015.doi. 10.1016/j.rser.2014.08.081.
SAIDI,K.;HAMMAMI,S. The impact of CO2 emissions and economic growth on energy consumption in 58 countries. Energy Reports, v.1, p. 62–70, 2015.doi: 10.1016/j.egyr.2015.01.003.
SHAFIEI, S.; SALIM, R.A. Non-renewable and renewable energy consumption and CO2 emissions in OECD countries: A comparative analysis. Energy Policy, v.66, p.547-556, 2014.doi. 10.1016/j.enpol.2013.10.064.
SRINIVASAN, P.K; SANTHOSH, P.K.; GANESH, L. Tourism and economic growth in Sri
Lanka: An ARDL bounds testing approach. Environment and Urbanization Asia Journal,
v.3, n.2, p.397-405, 2012.doi. 10.1177/0975425312473234.
SCHIPPER, L.; DEAKIN, E.; McANDREW, C. Carbon dioxide emissions from urban road
transport in Latin America: CO2 reduction as a co-Benefit of transport strategies. Economics
and Policy, p.111-127, 2011.doi. 10.1007/978-1-4419-7643-7_8.
SHEINBAUM, C.; RUÍZ, B.J.; OZAWA, L. Energy consumption and related CO2 emissions in five Latin American countries: Changes from 1990 to 2006 and perspectives. Energy, v.36, n.6, p.3629-3638, 2011.doi: 10.1016/j.energy.2010.07.023.
VERGARA, W.; RIO, R.R.; GALINDO, L.M. The climate and development challenge for Latin
America and the Caribbean: Options for climate-resilient, low-carbon development. Inter-
American Development Bank, ISBN 978-1-59782-165-0,2013. Available in:
http://www.imf.org/external/np/seminars/eng/2013/caribbean/pdf/challenge.pdf>. Access in 05
Nov. 2016.
WIEBE, K.S. The impact of renewable energy diffusion on European consumption-based emissions. Economic Systems Research, v.28, n.2, p.133-150, 2016.doi:10.1080/09535314.2015.1113936.
WOOLDRIDGE, J.M. Econometric analysis of cross section and panel data. The MIT Press,
Cambridge, Massachusetts,2002.
WORLD BANK DATA (WBD). Available in:< http://databank.worldbank.org/data/home.aspx>.
ZILIO, M. Curva de Kuznets Ambiental, a Validez de sus Fundamentos en Países em Desarrollo. Cuadernos de Economía, v.35, n.97, p.43–54, 2012.doi: 10.1016/S02100266(12)70022-5.
ZILIO, M.; RECALDE, M. GDP and Environment Pressure: The Role of Energy in Latin America and The Caribbean. Energy Policy, v.39, n.12, p.7941–7949, 2011.doi: 10.1016/j.enpol.2011.09.049.
ZOUNDI, Z. CO2 emissions, renewable energy and the Environmental Kuznets Curve, a panel cointegration approach. Renewable and Sustainable Energy Reviews, 2017.doi. 10.1016/j.rser.2016.10.018.
DOI: http://dx.doi.org/10.5380/rber.v6i5.49252
Apontamentos
- Não há apontamentos.
