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Renewable and Nonrenewable Energy Consumption, Economic Growth, and Emissions: International Evidence

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  • Thai-Ha Le
  • Youngho Chang
  • Donghyun Park

Abstract

This study aims to reexamine how energy consumption interacts with economic growth and emissions using a panel data of a global sample consisting of 102 countries, from 1996 to 2012. The effects of renewable energy and nonrenewable energy sources are separately examined. The consumption of both renewable and nonrenewable energy appears to have contributed significantly to the level of income across countries, implying that promoting renewable energy benefits economic development. The empirical evidence suggests that the use of non-renewable energy consumption significantly raised the level of emissions across different income groups of countries. On the other hand, our findings suggest that the use of renewable energy sources helped tackle emissions in developed countries but not in developing countries. The success of developed countries in controlling emissions through renewable energy has significant policy implications for developing countries.

Suggested Citation

  • Thai-Ha Le & Youngho Chang & Donghyun Park, 2020. "Renewable and Nonrenewable Energy Consumption, Economic Growth, and Emissions: International Evidence," The Energy Journal, , vol. 41(2), pages 73-92, March.
  • Handle: RePEc:sae:enejou:v:41:y:2020:i:2:p:73-92
    DOI: 10.5547/01956574.41.2.thle
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    References listed on IDEAS

    as
    1. Thai-Ha Le, 2016. "Dynamics between energy, output, openness and financial development in sub-Saharan African countries," Applied Economics, Taylor & Francis Journals, vol. 48(10), pages 914-933, February.
    2. repec:dau:papers:123456789/11438 is not listed on IDEAS
    3. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    4. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    5. Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015. "Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries," World Development, Elsevier, vol. 68(C), pages 66-81.
    6. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries," Energies, MDPI, vol. 10(3), pages 1-21, March.
    7. Soytas, Ugur & Sari, Ramazan & Ewing, Bradley T., 2007. "Energy consumption, income, and carbon emissions in the United States," Ecological Economics, Elsevier, vol. 62(3-4), pages 482-489, May.
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    More about this item

    Keywords

    Greenhouse gas emissions; Renewable energy sources; Nonrenewable energy sources; Growth; Global sample; Panel data;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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