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Assessing the CO 2 Emissions and Energy Source Consumption Nexus in Japan

Author

Listed:
  • Kentaka Aruga

    (Graduate School of Humanities and Social Sciences, Saitama University, 255 Shimo-Okubo, Sakura-ku, Saitama 338-8570, Japan)

  • Md. Monirul Islam

    (Department of Agricultural Economics, Bangladesh Agricultural University, Mymensingh 2202, Bangladesh
    Commonwealth Scientific and Industrial Research Organisation—CSIRO, Waite Campus, Adelaide 5064, Australia)

  • Arifa Jannat

    (Institute of Agribusiness and Development Studies, Bangladesh Agricultural University, Mymensingh 2202, Bangladesh)

Abstract

This research investigates the variation in the impact of different energy sources on carbon dioxide (CO 2 ) emissions in Japan during the period from January 2019 to March 2023. The results of the Autoregressive Distributed Lag (ARDL) model suggest that a 1% increase in energy consumption produced through the photovoltaic (PV) decreases carbon emission by 0.053% in the short-run. Conversely, a 1% increase in coal, oil, and liquefied natural gas (LNG) leads to an increase in CO 2 emissions by 0.317%, 0.038%, and 0.214%, respectively. The study also reveals an inverted-U-shaped relationship between CO 2 emissions and economic growth, represented by the Nikkei stock index. The research emphasizes the critical need for Japan to prioritize investments and incentives in renewable energy technologies such as the PV systems, which have been demonstrated to effectively reduce CO 2 emissions in Japan. This is essential to uphold long-term ecological balance and to proactively support the ongoing reduction in CO 2 intensity, a key objective outlined in the Paris Agreement.

Suggested Citation

  • Kentaka Aruga & Md. Monirul Islam & Arifa Jannat, 2024. "Assessing the CO 2 Emissions and Energy Source Consumption Nexus in Japan," Sustainability, MDPI, vol. 16(13), pages 1-18, July.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5742-:d:1429506
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    References listed on IDEAS

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