<p>This paper looks into the compounded renewable energy production and consumption on consumption-based carbon dioxide (CCO<sub>2</sub>) emissions in the Next Eleven (N-11) economies, a key group of emerging countries in the global fight against climate change. With 1990–2020 data, the study evaluates the impact of renewable energy production and consumption on CCO<sub>2</sub> levels, adjusting the possible impact of natural resource rent and international trade. The empirical model uses powerful panel - data analyses, especially the Method of Moments Quantile Regression (MMQR), to measure heterogeneous impacts throughout the distribution of emissions. The findings give considerable evidence supporting the Environmental Kuznets Curve (EKC) hypothesis with the inverted U-shaped form of income- CCO<sub>2</sub> emissions relationship, where the environmental degradation increases with the economic growth but then levels off after attaining a certain income level. The results reveal that imports and natural resource rents have a significant positive relationship with CCO<sub>2</sub> emissions, highlighting the cost of resources dependency to the environment and the sustainable trade actions. On the other hand, the consumption of renewable energy, production of renewable energy, and exports are the determinants of carbon-footprint reduction, which accentuate the importance of the clean-energy transition and the diminution of the dependence on the carbon-having imports. The research paper recommends the combination of measures to enhance the investment in renewable energy and industrial revolution towards health production. This holistic measure is essential in decoupling the economic growth and degradation of the environment and ensuring that N-11 economies have long term sustainability goals.</p>

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Trade adjusted carbon emissions and renewable energy electricity output: Evidence from method of moment quantile regression for N-11 economies

  • Maaz Amin,
  • Salman Wahab,
  • Bilal Ahmed,
  • Muhammad Imran,
  • Shahid Ali,
  • Sakiru Adebola Solarin

摘要

This paper looks into the compounded renewable energy production and consumption on consumption-based carbon dioxide (CCO2) emissions in the Next Eleven (N-11) economies, a key group of emerging countries in the global fight against climate change. With 1990–2020 data, the study evaluates the impact of renewable energy production and consumption on CCO2 levels, adjusting the possible impact of natural resource rent and international trade. The empirical model uses powerful panel - data analyses, especially the Method of Moments Quantile Regression (MMQR), to measure heterogeneous impacts throughout the distribution of emissions. The findings give considerable evidence supporting the Environmental Kuznets Curve (EKC) hypothesis with the inverted U-shaped form of income- CCO2 emissions relationship, where the environmental degradation increases with the economic growth but then levels off after attaining a certain income level. The results reveal that imports and natural resource rents have a significant positive relationship with CCO2 emissions, highlighting the cost of resources dependency to the environment and the sustainable trade actions. On the other hand, the consumption of renewable energy, production of renewable energy, and exports are the determinants of carbon-footprint reduction, which accentuate the importance of the clean-energy transition and the diminution of the dependence on the carbon-having imports. The research paper recommends the combination of measures to enhance the investment in renewable energy and industrial revolution towards health production. This holistic measure is essential in decoupling the economic growth and degradation of the environment and ensuring that N-11 economies have long term sustainability goals.