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Title The Impact of Green, Technological Change and Renewable Energy on CO2 Emission: Evidence from Selected Asian Countries

Author(s) Ms Samreen Rafique

Abstract The debate on green growth has been increasing among researchers as an approach to address environmental conservation and provide a sustainable solution to the climate change dilemma. Numerous nations are working on their emission neutrality goals. The present research examines the role of green growth, technological change, GDP growth, renewable energy, and trade openness on environmental degradation in the context of selected Asian economies from 1990–2018. This investigation applied second-generation panel data techniques. Within the framework of Environmental Kuznets (EK) curve theory, the present study employed the cross-section augmented autoregressive distributed lag (CS-ARDL) strategy to investigate the effects of green growth and economic expansion (GDP) along with other macroeconomic indicators on the environmental quality. The findings of this study concluded technological innovation, green growth, clean energy and expansion of GDP all have an important impact (positive/negative) on CO2. There is an inverting U-shaped EK curve exists in the selected Asian countries. This analysis indicates that the green growth significantly minimizing the level of CO2. Additionally, it has been revealed that using renewable energy and technological change reduces the production of CO2 emissions. The Dumitrescu–Hurlin panel estimation technique was employed to determine whether all factors were causally interrelated. Thus, results concluded that bi-directional relationship found between CO2-trade openness, CO2-green growth, GDP-renewable energy, GDPgreen growth, GDP-technological change, GDP-trade, technological change-renewable energy, renewable energy-green growth, technological innovation-green growth, tradegreen growth and technological innovation-trade openness. And unidirectional causality is running from GDP, GDP2 , technological change, renewable energy to CO2, GDP2 to renewable energy and renewable energy to trade openness. Policy makers should concentrate on adopting clean energy policies, leading to a more rapid reduction in energy-associated CO2 pollution.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Economics

Language English

Publication Date 2024-03-07

Subject Economics

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