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Revisiting the asymmetric outcome of renewable and nonrenewable energy on environmental quality in South and East Asia: An application of a broad-spectrum approach

Author

Listed:
  • Hameed, Shahzad
  • Wei, Wei
  • Farrukh, Muhammad Umer
  • Li, Shuangyan
  • Ilyas, Muhammad
  • ul-Haq, Inam

Abstract

Hydropower renewable energy is known to be pro-environment: flexible and affordable. Above all, it is compatible with other energy frames and also with the policies that otherwise prove to be inimical towards its future. Where environmental stability is concerned it needs an assiduous study coupled with research by the policymakers to get around knowing the different perspectives of hydropower renewable energy. The study has taken nine different and diverse perspectives of hydropower renewable energy into account to stop the process of environmental degradation. EKC framework has been put to use in a case study of South and East Asia economies. Time period has been selected from 1975 to 2020 to measure the long-term impact. GMM model has been used for the panel estimation besides getting future dynamics. The results which have come about confirmed EKC in the selected countries. Non-renewable energy (coal and gas) had an adverse impact on environmental stability. However, switching towards hydropower renewable energy can mitigate these environmental losses. Empirical findings have proved that more use of clean energy production can bring about a considerable amount of environmental stability. Insofar as East Asia economies are considered they have reached the second stage of EKC with a turning point of $13844 (per capita income). This paper, therefore, suggests that the future depends upon renewable hydropower energies in South and East Asia economies. That being said, there appears to be a dire need to undertake the role of various socioeconomic and geographic factors that influence hydropower renewable energies to check the long-term effect.

Suggested Citation

  • Hameed, Shahzad & Wei, Wei & Farrukh, Muhammad Umer & Li, Shuangyan & Ilyas, Muhammad & ul-Haq, Inam, 2023. "Revisiting the asymmetric outcome of renewable and nonrenewable energy on environmental quality in South and East Asia: An application of a broad-spectrum approach," Renewable Energy, Elsevier, vol. 203(C), pages 81-88.
    • Handle: RePEc:eee:renene:v:203:y:2023:i:c:p:81-88
    DOI: 10.1016/j.renene.2022.11.032
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    More about this item

    Keywords

    Environmental Kuznets curve; Renewable energy; Non-renewable energy; CO2 emissions; Arellano-bond dynamic panel-data;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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