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Switching to Hydropower renewable energy to mitigate the effects of the carbon emissions in South and East Asian economies

Author

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  • Hameed, Shahzad
  • Wei, Wei
  • Farrukh, Umer
  • Mushtaq, Khali

Abstract

Energy is the most essential tool for production and distribution of economic goods. It is also considered as crucial input of economic development. The World Energy Committee states that there are several environmental risks linked to energy production from non-renewable sources such as coal, gas, and petroleum etc. One of the associated risks is high per capita carbon emissions. To reduce such risk economy should switch to the renewable energy sources that characterize less or no carbon emission. This paper investigated the dynamics of coal, gas and hydroelectric energy within the framework of the environmental Kuznets curve. The study used the Arellano and Bond (1991) dynamic panel model using the GMM framework developed by the Hansen (1982). The empirical results of the study confirm the environmental Kuznets curve (EKC) hypothesis and that coal and gas are significant contributors to carbon. Results suggest that the hydel energy can play an essential role in mitigating the carbon emissions and improving climate emissions in case of South and East Asian Countries.

Suggested Citation

  • Hameed, Shahzad & Wei, Wei & Farrukh, Umer & Mushtaq, Khali, 2019. "Switching to Hydropower renewable energy to mitigate the effects of the carbon emissions in South and East Asian economies," MPRA Paper 90435, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:90435
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    Cited by:

    1. Priyanka Majumder & Mrinmoy Majumder & Apu Kumar Saha & Soumitra Nath, 2020. "Selection of features for analysis of reliability of performance in hydropower plants: a multi-criteria decision making approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(4), pages 3239-3265, April.

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    More about this item

    Keywords

    Environmental Kuznets curve; Renewable energy; Non-renewable energy; CO2 emissions; Arellano-Bond dynamic panel-data.;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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