IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2024-02-17.html
   My bibliography  Save this article

Nexus between Nuclear Energy, Economic Growth, and Greenhouse Gas Emissions in India

Author

Listed:
  • Asif Raihan

    (Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia)

  • Grzegorz Zimon

    (Faculty of Management, Rzeszow University of Technology, 35†959 Rzeszow, Poland)

  • Mohammad Mahtab Alam

    (Department of Basic Medical Sciences, College of Applied Medical Science, King Khalid University, Abha 61421, Saudi Arabia)

  • Md. Rehan Khan

    (STS, Minto Circle, Aligarh Muslim University Aligarh (202002), Uttar Pradesh, India)

  • Beata Sadowska

    (Department of Accounting, Faculty of Economics, Finance and Management, University of Szczecin, 70-453 Szczecin, Poland)

Abstract

The escalating demand for fossil fuels in India has resulted in a significant strain on the environment due to the amplified emissions of greenhouse gases (GHGs). Nevertheless, India possesses a significant capacity for nuclear energy, as seen by its 22 operational nuclear reactors. This capacity holds promise for reducing GHG emissions. This research utilized a dataset spanning from 1969 to 2021 to examine the impact of nuclear energy utilization on GHG emissions. The study also aimed to verify the validity of the environmental Kuznets curve (EKC) hypothesis in India, employing the Autoregressive Distributive Lag (ARDL) model. The findings suggest that the EKC is applicable to India. Furthermore, it has been observed that a marginal increase of 1% in the use of nuclear energy leads to a reduction of GHG by 0.02% in the immediate term and 0.16% in the long term. This finding highlights the significance of expanding nuclear power as a crucial policy objective in order to attain environmentally friendly and sustainable economic development.

Suggested Citation

  • Asif Raihan & Grzegorz Zimon & Mohammad Mahtab Alam & Md. Rehan Khan & Beata Sadowska, 2024. "Nexus between Nuclear Energy, Economic Growth, and Greenhouse Gas Emissions in India," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 172-182, March.
    • Handle: RePEc:eco:journ2:2024-02-17
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/15347/7755
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/15347
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Park, Joon Y, 1992. "Canonical Cointegrating Regressions," Econometrica, Econometric Society, vol. 60(1), pages 119-143, January.
    2. Mahdi Salehi & Seyed Hamed Fahimifard & Grzegorz Zimon & Andrzej Bujak & Adam Sadowski, 2022. "The Effect of CO 2 Gas Emissions on the Market Value, Price and Shares Returns," Energies, MDPI, vol. 15(23), pages 1-17, December.
    3. Jaforullah, Mohammad & King, Alan, 2015. "Does the use of renewable energy sources mitigate CO2 emissions? A reassessment of the US evidence," Energy Economics, Elsevier, vol. 49(C), pages 711-717.
    4. Sanglim Lee & Minkyung Kim & Jiwoong Lee, 2017. "Analyzing the Impact of Nuclear Power on CO 2 Emissions," Sustainability, MDPI, vol. 9(8), pages 1-13, August.
    5. Yang, Tianle & Li, Fangmin & Du, Min & Huang, Miao & Li, Yinuo, 2023. "Impacts of alternative energy production innovation on reducing CO2 emissions: Evidence from China," Energy, Elsevier, vol. 268(C).
    6. Grossman, G.M & Krueger, A.B., 1991. "Environmental Impacts of a North American Free Trade Agreement," Papers 158, Princeton, Woodrow Wilson School - Public and International Affairs.
    7. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    8. Menyah, Kojo & Wolde-Rufael, Yemane, 2010. "CO2 emissions, nuclear energy, renewable energy and economic growth in the US," Energy Policy, Elsevier, vol. 38(6), pages 2911-2915, June.
    9. Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
    10. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    11. Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996. "Efficient Tests for an Autoregressive Unit Root," Econometrica, Econometric Society, vol. 64(4), pages 813-836, July.
    12. Lau, Lin-Sea & Choong, Chee-Keong & Ng, Cheong-Fatt & Liew, Feng-Mei & Ching, Suet-Ling, 2019. "Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries," Economic Modelling, Elsevier, vol. 77(C), pages 12-20.
    13. Raihan, Asif & Pavel, Monirul Islam & Muhtasim, Dewan Ahmed & Farhana, Sadia & Faruk, Omar & Paul, Arindrajit, 2023. "The role of renewable energy use, technological innovation, and forest cover toward green development: Evidence from Indonesia," Innovation and Green Development, Elsevier, vol. 2(1).
    14. Rawshan Ara Begum & Asif Raihan & Mohd Nizam Mohd Said, 2020. "Dynamic Impacts of Economic Growth and Forested Area on Carbon Dioxide Emissions in Malaysia," Sustainability, MDPI, vol. 12(22), pages 1-15, November.
    15. Asif Raihan & Almagul Tuspekova, 2022. "Dynamic impacts of economic growth, energy use, urbanization, tourism, agricultural value-added, and forested area on carbon dioxide emissions in Brazil," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 12(4), pages 794-814, December.
    16. Grzegorz Zimon & Dominik Zimon, 2020. "The Impact of Purchasing Group on the Profitability of Companies Operating in the Renewable Energy Sector—The Case of Poland," Energies, MDPI, vol. 13(24), pages 1-15, December.
    17. Georgeta Soava & Anca Mehedintu, 2023. "Final Energy Consumption—Growth Nexus in Romania Versus the European Union: A Sectoral Approach Using Neural Network," Energies, MDPI, vol. 16(2), pages 1-34, January.
    18. Baek, Jungho & Pride, Dominique, 2014. "On the income–nuclear energy–CO2 emissions nexus revisited," Energy Economics, Elsevier, vol. 43(C), pages 6-10.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adhitya Nugraha & Hermanto Siregar & Idqan Fahmi & Zenal Asikin & Dikky Indrawan & Harianto Harianto & Salis Aprilian, 2024. "Identification of Factors Affecting Net Zero Emission Level in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 203-210, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asif Raihan & Rawshan Ara Begum & Mohd Nizam Mohd Said & Joy Jacqueline Pereira, 2022. "Relationship between economic growth, renewable energy use, technological innovation, and carbon emission toward achieving Malaysia’s Paris agreement," Environment Systems and Decisions, Springer, vol. 42(4), pages 586-607, December.
    2. Raihan, Asif, 2023. "Economy-energy-environment nexus: The role of information and communication technology towards green development in Malaysia," Innovation and Green Development, Elsevier, vol. 2(4).
    3. Raihan, Asif, 2023. "Nexus between greenhouse gas emissions and its determinants: The role of renewable energy and technological innovations towards green development in South Korea," Innovation and Green Development, Elsevier, vol. 2(3).
    4. Raihan, Asif & Mainul Bari, A.B.M., 2024. "Energy-economy-environment nexus in China: The role of renewable energies toward carbon neutrality," Innovation and Green Development, Elsevier, vol. 3(3).
    5. Deshan Li & Degang Yang, 2016. "Does Non-Fossil Energy Usage Lower CO 2 Emissions? Empirical Evidence from China," Sustainability, MDPI, vol. 8(9), pages 1-11, August.
    6. Dulal Chandra Pattak & Farian Tahrim & Mahdi Salehi & Liton Chandra Voumik & Salma Akter & Mohammad Ridwan & Beata Sadowska & Grzegorz Zimon, 2023. "The Driving Factors of Italy’s CO 2 Emissions Based on the STIRPAT Model: ARDL, FMOLS, DOLS, and CCR Approaches," Energies, MDPI, vol. 16(15), pages 1-21, August.
    7. Raihan, Asif, 2023. "Toward sustainable and green development in Chile: Dynamic influences of carbon emission reduction variables," Innovation and Green Development, Elsevier, vol. 2(2).
    8. Asif Raihan, 2023. "An econometric evaluation of the effects of economic growth, energy use, and agricultural value added on carbon dioxide emissions in Vietnam," Asia-Pacific Journal of Regional Science, Springer, vol. 7(3), pages 665-696, September.
    9. Dogan, Eyup & Seker, Fahri, 2016. "Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy," Renewable Energy, Elsevier, vol. 94(C), pages 429-439.
    10. Raihan, Asif, 2023. "The influences of renewable energy, globalization, technological innovations, and forests on emission reduction in Colombia," Innovation and Green Development, Elsevier, vol. 2(4).
    11. de Mello Luiz & Moccero Diego & Mogliani Matteo, 2013. "Do Latin American Central Bankers Behave Non-Linearly? The Experiences of Brazil, Chile, Colombia and Mexico," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 17(2), pages 141-165, April.
    12. Asif Raihan & Almagul Tuspekova, 2022. "Dynamic impacts of economic growth, energy use, urbanization, tourism, agricultural value-added, and forested area on carbon dioxide emissions in Brazil," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 12(4), pages 794-814, December.
    13. Lau, Lin-Sea & Choong, Chee-Keong & Ng, Cheong-Fatt & Liew, Feng-Mei & Ching, Suet-Ling, 2019. "Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries," Economic Modelling, Elsevier, vol. 77(C), pages 12-20.
    14. Muhammed Ashiq Villanthenkodath & Mohd Arshad Ansari & Muhammad Shahbaz & Xuan Vinh Vo, 2022. "Do tourism development and structural change promote environmental quality? Evidence from India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(4), pages 5163-5194, April.
    15. Bélaïd, Fateh & Youssef, Meriem, 2017. "Environmental degradation, renewable and non-renewable electricity consumption, and economic growth: Assessing the evidence from Algeria," Energy Policy, Elsevier, vol. 102(C), pages 277-287.
    16. Hossain, Mohammad Razib & Rana, Md. Jaber & Saha, Sourav Mohan & Haseeb, Mohammad & Islam, Md. Sayemul & Amin, Md. Ruhul & Hossain, Md. Emran, 2023. "Role of energy mix and eco-innovation in achieving environmental sustainability in the USA using the dynamic ARDL approach: Accounting the supply side of the ecosystem," Renewable Energy, Elsevier, vol. 215(C).
    17. Oryani, Bahareh & Koo, Yoonmo & Rezania, Shahabaldin & Shafiee, Afsaneh & Khan, Muhammad Kamran & Mahdavian, Seyed Mohammadreza, 2021. "The role of electricity mix and transportation sector in designing a green-growth strategy in Iran," Energy, Elsevier, vol. 233(C).
    18. Muhammad Uzair Ali & Zhimin Gong & Muhammad Ubaid Ali & Xiong Wu & Chen Yao, 2021. "Fossil energy consumption, economic development, inward FDI impact on CO2 emissions in Pakistan: Testing EKC hypothesis through ARDL model," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3210-3221, July.
    19. Adom, Philip Kofi, 2017. "The long-run price sensitivity dynamics of industrial and residential electricity demand: The impact of deregulating electricity prices," Energy Economics, Elsevier, vol. 62(C), pages 43-60.
    20. Philipp Lieberknecht & Philip Vermeulen, 2022. "Wealth and income inequality in the long run," CAMA Working Papers 2022-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

    More about this item

    Keywords

    Nuclear Energy; GHG Emissions; Economic Growth; Emission Reduction; Sustainable Development;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • P18 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Energy; Environment
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2024-02-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.