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

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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 ID41498
Article CategoryArticle
AuthorsVelayutham, Eswaran
Journal TitleSustainability
Journal Citation15 (14)
Number of Pages16
Year2023
PublisherMDPI AG
Place of PublicationSwitzerland
ISSN2071-1050
Digital Object Identifier (DOI)https://doi.org/10.3390/su151410983
Web Address (URL)https://www.mdpi.com/2071-1050/15/14/10983
AbstractThis 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.
Keywordsclean energy; economic growth; urbanization; trade openness; CO2 emission; environmental Kuznets curve; pollution haven hypothesis; emerging economy
ANZSRC Field of Research 20204105. Pollution and contamination
Byline AffiliationsSchool of Business
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