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The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia

Carbon dioxide; Economics; Environmental protection; Planning; Statistical tests; CO2 emissions; Dynamic interaction; Environmental policy; Environmental pollution problem; Environmental quality; Granger Causality; Malaysia; Renewable energies; Sustainable development; alternative energy; carbon emi...

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Main Authors: Bekhet H.A., Othman N.S.
Other Authors: 37100908800
Format: Article
Published: Elsevier B.V. 2023
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spelling my.uniten.dspace-238302023-05-29T14:52:13Z The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia Bekhet H.A. Othman N.S. 37100908800 57194072376 Carbon dioxide; Economics; Environmental protection; Planning; Statistical tests; CO2 emissions; Dynamic interaction; Environmental policy; Environmental pollution problem; Environmental quality; Granger Causality; Malaysia; Renewable energies; Sustainable development; alternative energy; carbon emission; energy market; environmental economics; environmental quality; Granger causality test; Gross Domestic Product; sustainable development; Malaysia Closing the gap between economy activity and environmental quality is one of the solutions for reaching �sustainable development� in Malaysia. To do so, the cubic polynomial functional form of EKC is utilized by accommodating renewable energy into the base of the EKC model and validating its hypothesis between CO2 emissions and GDP growth for the 1971�2015 period. The F-bounds, VECM Granger causality, CUSUM, and CUSUMSQ tests are utilized. The estimated results consistently show that the inverted N-shaped EKC hypothesis holds in Malaysia. Ceteris paribus, the CO2 emissions will be declined when the GDP reach RM2841.9 billion in 2030, which is beyond the sample period. The renewable energy has a negative significant effect on CO2 emissions, and the direction of causality is running from CO2 emissions to renewable energy. Also, the GDP growth will be the remedy for environmental pollution problems and that renewable energy is one of important elements to be considered for improving environmental quality. A tighter and concentrated environmental policy is needed to direct the environment�economic growth nexus toward a downward trend. Consequently, these results may help Malaysian policymakers to establish an energy policy that guarantees a balance between economic growth and environmental prosperity. � 2018 Elsevier B.V. Final 2023-05-29T06:52:13Z 2023-05-29T06:52:13Z 2018 Article 10.1016/j.eneco.2018.03.028 2-s2.0-85044934295 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85044934295&doi=10.1016%2fj.eneco.2018.03.028&partnerID=40&md5=5c20e9d32d5f19157ec265a894d6efc9 https://irepository.uniten.edu.my/handle/123456789/23830 72 47 61 Elsevier B.V. Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description Carbon dioxide; Economics; Environmental protection; Planning; Statistical tests; CO2 emissions; Dynamic interaction; Environmental policy; Environmental pollution problem; Environmental quality; Granger Causality; Malaysia; Renewable energies; Sustainable development; alternative energy; carbon emission; energy market; environmental economics; environmental quality; Granger causality test; Gross Domestic Product; sustainable development; Malaysia
author2 37100908800
author_facet 37100908800
Bekhet H.A.
Othman N.S.
format Article
author Bekhet H.A.
Othman N.S.
spellingShingle Bekhet H.A.
Othman N.S.
The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
author_sort Bekhet H.A.
title The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
title_short The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
title_full The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
title_fullStr The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
title_full_unstemmed The role of renewable energy to validate dynamic interaction between CO2 emissions and GDP toward sustainable development in Malaysia
title_sort role of renewable energy to validate dynamic interaction between co2 emissions and gdp toward sustainable development in malaysia
publisher Elsevier B.V.
publishDate 2023
_version_ 1806427469329203200
score 13.211869

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