Impact of industrialization and non-renewable energy on environmental pollution in Australia: Do renewable energy and financial development play a mitigating role?
Article
Article Title | Impact of industrialization and non-renewable energy on |
---|---|
ERA Journal ID | 4067 |
Article Category | Article |
Authors | Rahman, Mohammad Mafizur (Author) and Alam, Khosrul (Author) |
Journal Title | Renewable Energy |
Journal Citation | 195, pp. 203-213 |
Number of Pages | 11 |
Year | 2022 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 0960-1481 |
1879-0682 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.renene.2022.06.012 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0960148122008436 |
Abstract | Environmental pollution is a principal concern for all countries. In particular, the issue is alarming for Australia as the country has been suffering from various environmental disasters for some recent years. Therefore, examination the roles of some variables that are related to environment are vital. To this end, this work endeavors to ascertain the impacts of industrialization, non-renewable and renewable energy use, and financial development on environmental pollution in Australia. Using the data period of 1990 e2020, a series of econometric techniques such as the Augmented Dickey-Fuller test, Phillips-Perron test, Autoregressive Distributive Lag (ARDL) bounds test and the pairwise Granger causality test are applied. The findings reveal that industrialization and non-renewable energy use increase while the square of industrialization, renewable energy use, and financial development reduces CO2 emissions in Australia. The validation of the environmental Kuznets’ curve (EKC) hypothesis is also found. Bidirectional and unidirectional causal association of the studied variables with CO2 emissions are attained. All the outcomes are theoretically and empirically relevant and have important policy implications. |
Keywords | CO2 emissions; Industrialization; Renewable and non-renewable energy; Financial development; Australia |
ANZSRC Field of Research 2020 | 380205. Time-series analysis |
380105. Environment and resource economics | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | School of Business |
Bangabandhu Sheikh Mujibur Rahman Agricultural University, Bangladesh | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q76x4/impact-of-industrialization-and-non-renewable-energy-on-environmental-pollution-in-australia-do-renewable-energy-and-financial-development-play-a-mitigating-role
87
total views3
total downloads2
views this month0
downloads this month