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Investigating the Index of Sustainable Development and Reduction in Greenhouse Gases of Renewable Energies

Author

Listed:
  • Vadim V. Ponkratov

    (Department of Public Finance, Financial University under the Government of the Russian Federation, 125167 Moscow, Russia)

  • Alexey S. Kuznetsov

    (Laser and Optoelectronic Systems Department, Bauman Moscow State Technical University, 105005 Moscow, Russia)

  • Iskandar Muda

    (Department of Doctoral Program, Faculty Economic and Business, Universitas Sumatera Utara, Medan 20222, Indonesia)

  • Miftahul Jannah Nasution

    (Badan Penelitian dan Pengembangan Daerah Provinsi Lampung, Kota Bandar Lampung 35212, Indonesia)

  • Mohammed Al-Bahrani

    (Chemical Engineering and Petroleum Industries Department, Al-Mustaqbal University College, Babylon 51001, Iraq)

  • Hikmet Ş. Aybar

    (Department of Mechanical Engineering, Eastern Mediterranean University, TRNC, Via Mersin 10, Famagusta 99628, Turkey
    Department of Medical Research, China Medical University Hospital, China Medical University, Taichung 404, Taiwan)

Abstract

Considering the limited resources of fossil energy and the problems caused by the emission of greenhouse gases, it is necessary to pay more attention to renewable energies, because in this way, the goals of sustainable development can be achieved. The importance of renewable energies in sustainable development, reducing greenhouse gases and increasing energy security on the one hand, and the need for financial resources and large investments for renewable energy projects on the other hand, doubles the role and importance of financial development in the development of renewable energies. Considering the importance of this issue, the present study examines the impact of the development of modern facilities and renewable energy technology. In this study, dynamic interactions in the Sustainable-Energy-Energy Development Pattern of carbon dioxide are investigated using the Bayesian Vector Auto Regression (BVAR) method. One of the most important indicators for evaluating sustainable development is the modified pure arrangement (GS). For this purpose, this index was used as a sustainable development index. The results indicate that the effect of positive impulse on renewable and renewable energy consumption on sustainable development in Uganda is positive. In addition, the positive shock of renewable and renewable energy consumption increases the emissions of carbon dioxide pollutants to a different extent. In addition, the effect of the growth of sustainable development index on renewable energy consumption and renewal energy consumption is (CO 2 ) negative. The research results show that based on the RMSE criterion, the former SSVS-Full function was used to investigate the impact of renewable energy consumption on sustainable development and the independent Normal-Wish art function was used. Therefore, in this research, the dynamic relationships between sustainable development, energy consumption (separately from renewable and non-renewable energy) and CO 2 emissions are investigated.

Suggested Citation

  • Vadim V. Ponkratov & Alexey S. Kuznetsov & Iskandar Muda & Miftahul Jannah Nasution & Mohammed Al-Bahrani & Hikmet Ş. Aybar, 2022. "Investigating the Index of Sustainable Development and Reduction in Greenhouse Gases of Renewable Energies," Sustainability, MDPI, vol. 14(22), pages 1-13, November.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:22:p:14829-:d:968622
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    1. Francisco García-Lillo & Eduardo Sánchez-García & Bartolomé Marco-Lajara & Pedro Seva-Larrosa, 2023. "Renewable Energies and Sustainable Development: A Bibliometric Overview," Energies, MDPI, vol. 16(3), pages 1-22, January.

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