Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India

Avik Sinha; Muhammad Shahbaz

doi:10.1016/j.renene.2017.12.058

Estimation of Environmental Kuznets Curve for CO₂ emission: Role of renewable energy generation in India

Avik Sinha^*, Muhammad Shahbaz

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

473 Citations (Scopus)

Abstract

The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO₂ emission in India for the period of 1971–2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turnaround point at USD 2937.77. The renewable energy has found to have significant negative impact on CO₂ emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity. Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.

Original language	English
Pages (from-to)	703-711
Number of pages	9
Journal	Renewable Energy
Volume	119
DOIs	https://doi.org/10.1016/j.renene.2017.12.058
Publication status	Published - Apr 2018
Externally published	Yes

Keywords

ARDL
CO emission
EKC
India
Renewable energy

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.renene.2017.12.058

Cite this

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title = "Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India",

abstract = "The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO2 emission in India for the period of 1971–2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turnaround point at USD 2937.77. The renewable energy has found to have significant negative impact on CO2 emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity. Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.",

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author = "Avik Sinha and Muhammad Shahbaz",

note = "Publisher Copyright: {\textcopyright} 2017 Elsevier Ltd",

year = "2018",

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doi = "10.1016/j.renene.2017.12.058",

language = "English",

volume = "119",

pages = "703--711",

journal = "Renewable Energy",

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T1 - Estimation of Environmental Kuznets Curve for CO2 emission

T2 - Role of renewable energy generation in India

AU - Sinha, Avik

AU - Shahbaz, Muhammad

PY - 2018/4

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N2 - The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO2 emission in India for the period of 1971–2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turnaround point at USD 2937.77. The renewable energy has found to have significant negative impact on CO2 emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity. Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.

AB - The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO2 emission in India for the period of 1971–2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turnaround point at USD 2937.77. The renewable energy has found to have significant negative impact on CO2 emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity. Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.

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