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Urbanization, Economic Development, and Environmental Degradation: Investigating the Role of Renewable Energy Use

Author

Listed:
  • Abdul Rehman

    (College of Economics and Management, Henan Agricultural University, Zhengzhou 450002, China)

  • Magdalena Radulescu

    (Department of Finance, Accounting, Economics, University of Pitesti, Str. Targu din Vale, No. 1, 110040 Pitesti, Romania
    Institute of Doctoral and Post-Doctoral Studies, University Lucian Blaga of Sibiu, Bd, Victoriei No. 10, 550024 Sibiu, Romania)

  • Laura Mariana Cismas

    (Faculty of Economics and Business Administration, West University of Timisoara, 300006 Timisoara, Romania)

  • Rafael Alvarado

    (Carrera de Economía and Centro de Investigaciones Sociales y Económicas, Universidad Nacional de Loja, Loja 110150, Ecuador)

  • Carmen Gabriela Secara

    (Department of Management and Business Administration, University of Pitesti, Str. Targu din Vale No. 1, 110040 Pitesti, Romania)

  • Claudia Tolea

    (Department of Management and Business Administration, University of Pitesti, Str. Targu din Vale No. 1, 110040 Pitesti, Romania)

Abstract

The current study explored the impact of renewable energy use, urbanization, economic growth and trade in services on CO 2 emission in Maldives by using annual data series ranging from 1990 to 2020. We have checked the variables influences by utilizing the nonlinear autoregressive distributed lag (NARDL) method with long-run and short-run connections. Findings via long-run and short-run showed that the variables renewable energy use and economic growth has positive and negative coefficients via positive and negative shocks that uncover the constructive and adverse linkage to CO 2 emission in Maldives. Similarly, trade in services showed an adversative and positive connection to CO 2 emission via positive and negative shocks. During the analysis, the variable urbanization uncovered a negative linkage to CO 2 emission. It is imperative that Maldives implement new policies and strategies aimed at reducing CO 2 emission in order to avert the environmental devastation.

Suggested Citation

  • Abdul Rehman & Magdalena Radulescu & Laura Mariana Cismas & Rafael Alvarado & Carmen Gabriela Secara & Claudia Tolea, 2022. "Urbanization, Economic Development, and Environmental Degradation: Investigating the Role of Renewable Energy Use," Sustainability, MDPI, vol. 14(15), pages 1-14, July.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:15:p:9337-:d:875777
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