Exploring environment-energy-growth nexus in OECD countries: a nonparametric approach

Biomass Conversion and Biorefinery - Tập 13 - Trang 9929-9942 - 2021
Mohammad Younus Bhat1, Arfat Ahmad Sofi2, Shambhu Sajith3
1Department of Economics and International Business, School of Business, University of Petroleum and Energy Studies, Dehradun, India
2Department of Economics and Finance, Birla Institute of Technology and Sciences (BITS) Pilani, Goa, India
3Department of Power Management, School of Business, University of Petroleum and Energy Studies, Dehradun, India

Tóm tắt

This study explores the interplay among environmental quality, economic growth, and bioenergy consumption in the Organization for Economic Cooperation and Development (OECD) countries. Due to profound sustainable implications of energy consumption, understanding this relationship becomes crucial for two reasons: managing the environment sustainably and alleviating energy dependence on fossil fuels. Therefore, we propose a humble contribution by examining the distributional dynamics of carbon emissions, bioenergy consumption, and economic growth considering the nonparametric kernel density and quantile regression approaches. The kernel density estimates depict that concentration is found to be skewed towards the higher distributions in all the variables, except bioenergy consumption. Indicating a similar relative position through a single node across different bands of distribution. The quantile estimates confirm that economic growth, non-renewable energy consumption, and urbanization have a positive impact on carbon emissions, and therefore deteriorate the quality of the environment. However, bioenergy consumption shows a significant and negative effect on carbon emissions hence improves environmental quality efficiently. This paper intends to guide policymakers regarding the carbon emission and bioenergy consumption required to hold back the fossil fuel dependence for a cleaner and greener planet.

Tài liệu tham khảo

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