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What drives carbon emissions in the long-run? The role of renewable energy and agriculture in achieving the sustainable development goals

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  • Yanqi Cai
  • Junwei Xu
  • Paiman Ahmad
  • Ahsan Anwar

Abstract

The South Asian economies encounter several issues for achieving the Sustainable Development Goals (S.D.G.s), global warming is one of the serious key issues facing these countries. For addressing this issue, a comprehensive policy framework is required at the context of South Asian Countries. In this view, the present study scrutinises the impact of renewable energy-consumption (R.E.C.p.), non-renewable energy consumption (R.E.n.), agriculture (A.g.), urbanisation (U.b.), and economic growth (E.G.) on CO2 emissions for selected South Asian economies over period of 1990–2018. For this purpose, we apply fully modified ordinary least square technique and variance decomposition analysis. The empirical outcomes demonstrate that R.E.C.p. and agriculture reduces carbon emission while R.E.n. and U.b. increase environmental degradation. Moreover, the findings also confirm the E.K.C.-hypothesis in South Asian countries. Based on the results, a detailed S.D.G.-oriented policy framework has been suggested, which may help these economies towards achieving the main goals of S.D.G. 13, S.D.G. 07, S.D.G. 08, S.D.G. 11, and S.D.G. 02. This study contributes to the present literature by suggesting S.D.G. oriented policy framework.

Suggested Citation

  • Yanqi Cai & Junwei Xu & Paiman Ahmad & Ahsan Anwar, 2022. "What drives carbon emissions in the long-run? The role of renewable energy and agriculture in achieving the sustainable development goals," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 4603-4624, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:4603-4624
    DOI: 10.1080/1331677X.2021.2015613
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    Cited by:

    1. Zhou, Bingjun & Huang, Yan & Gao, Ke & Luo, Chunyang, 2024. "How geopolitical risk and economic policy uncertainty impact coal, natural gas, and oil rent? Evidence from China," Resources Policy, Elsevier, vol. 88(C).
    2. Sun, Yizhong & Jin, Keyan & Wang, Deyong & Wu, Qingyang & Li, Zhezhou, 2023. "Revisiting the natural resources-financial development nexus in China: The importance of economic policy uncertainty," Resources Policy, Elsevier, vol. 86(PB).
    3. Wei, Yu & Wang, Yizhi & Vigne, Samuel A. & Ma, Zhenyu, 2023. "Alarming contagion effects: The dangerous ripple effect of extreme price spillovers across crude oil, carbon emission allowance, and agriculture futures markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    4. Ye, Maoran & Tang, Ling & Huang, Lin & Li, Mei, 2023. "On conflict of natural resources-carbon emissions nexus in China: The role of economic policy uncertainty," Resources Policy, Elsevier, vol. 86(PB).
    5. Yu, Zhong, 2024. "Do natural resources promote carbon neutrality: The role of green finance," Resources Policy, Elsevier, vol. 88(C).
    6. Syed, Qasim Raza & Durani, Farah & Kisswani, Khalid M. & Alola, Andrew Adewale & Siddiqui, Aaliyah & Anwar, Ahsan, 2024. "Testing natural resource curse hypothesis amidst geopolitical risk: Global evidence using novel Fourier augmented ARDL approach," Resources Policy, Elsevier, vol. 88(C).
    7. Shabir Mohsin Hashmi & Xuyou Yu & Qasim Raza Syed & Li Rong, 2024. "Testing the environmental Kuznets curve (EKC) hypothesis amidst climate policy uncertainty: sectoral analysis using the novel Fourier ARDL approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16503-16522, July.
    8. Jian Li & Xiangchen Sheng & Shuhua Zhang & Yixuan Wang, 2024. "Research on the Impact of the Digital Economy and Technological Innovation on Agricultural Carbon Emissions," Land, MDPI, vol. 13(6), pages 1-19, June.
    9. Chen, Jiamin & Chen, Yuwei, 2024. "Does natural resources rent promote carbon neutrality: The role of digital finance," Resources Policy, Elsevier, vol. 92(C).
    10. George E. Halkos & Apostolos S. Tsirivis, 2023. "Sustainable Development of the European Electricity Sector: Investigating the Impact of Electricity Price, Market Liberalization and Energy Taxation on RES Deployment," Energies, MDPI, vol. 16(14), pages 1-21, July.

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