Does Clean Energy Reduce Environmental Pollution under the Environmental Kuznets Curve Hypothesis in Sri Lanka?

Article

Velayutham, Eswaran. 2023. "Does Clean Energy Reduce Environmental Pollution under the Environmental Kuznets Curve Hypothesis in Sri Lanka?" Sustainability. 15 (14). https://doi.org/10.3390/su151410983

Article Title	Does Clean Energy Reduce Environmental Pollution under the Environmental Kuznets Curve Hypothesis in Sri Lanka?
ERA Journal ID	41498
Article Category	Article
Authors	Velayutham, Eswaran
Journal Title	Sustainability
Journal Citation	15 (14)
Number of Pages	16
Year	2023
Publisher	MDPI AG
Place of Publication	Switzerland
ISSN	2071-1050
Digital Object Identifier (DOI)	https://doi.org/10.3390/su151410983
Web Address (URL)	https://www.mdpi.com/2071-1050/15/14/10983
Abstract	This study explores the nexus among clean energy, economic growth, urbanization, trade openness, and carbon dioxide (CO2) emissions nexus in an emerging economy, Sri Lanka. An autoregressive distributed lag (ARDL) econometric technique and different diagnostic tests are used to investigate the linkages. The pairwise Graner causality approach is applied to investigate the causality direction. The estimated results have confirmed that clean energy and urbanization reduce carbon emissions, whereas trade openness induces carbon emissions in the long run in Sri Lanka. The findings revealed the non-existence of the environmental Kuznets curve (EKC) hypothesis in Sri Lanka. In contrast, the pollution haven hypothesis (PHH) exists between trade openness and carbon dioxide emissions in Sri Lanka. Regarding causal relationships, there is bi-directional causality between clean energy and urbanization. This study reports a unidirectional causality from clean energy to CO2 emissions, economic development to carbon emissions, urbanization and trade and CO2 emissions to urbanization and trade. Based on the above findings, this study recommends some policy recommendations.
Keywords	clean energy; economic growth; urbanization; trade openness; CO2 emission; environmental Kuznets curve; pollution haven hypothesis; emerging economy
ANZSRC Field of Research 2020	4105. Pollution and contamination
Byline Affiliations	School of Business

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