Examining the Impact of Energy Policies on CO2 Emissions with Information and Communication Technologies and Renewable Energy

Author:

Xue Mei1,Mihai Daniela2,Brutu Madalina2,Popescu Luigi2,Sinisi Crenguta Ileana2,Bansal Ajay3,Mohammad Mady A. A.4,Muhammad Taseer5,Shabbir Malik Shahzad6ORCID

Affiliation:

1. Social Training Services Center Shandong Institute of Commerce and Technology , Jinan, Shandong , China

2. National University of Science and Technology Politehnica Bucharest , Pitesti Regional Center, Pitesti, Romania

3. Jaipuria Institute of Management , A-32A, Sector 62 , Noida 201309 , India

4. College of Architecture and Design, Effat University , Jeddah 21478 , Saudi Arabia

5. Department of Mathematics, College of Science, King Khalid University , Abha 61413 , Saudi Arabia

6. Department of Management Sciences , ILMA University , Karachi , Pakistan

Abstract

Abstract The world today presents significant environmental concerns for humans, such as smog and warmer temperatures, but we also need to think about how to accomplish economic growth that is sustainable. Therefore, this exploration researches the asymmetric effect of renewable energy consumption, economic growth and financial development on carbon emanation in the emerging economies. For this reason, this investigation uses Panel ARDL and PMG estimator. The consequences of PMG estimator demonstrate that information and communication technologies reduce the carbon emanations in the sample region. Additionally, renewable energy consumption also impedes the carbon emanations. The results also suggest that financial development additionally builds the carbon emissions but the impact is very minor. Finally, economic growth and population are also contributing toward carbon emissions. The power effective recommendation is vital to present the ICT assistance to confine the utilization of obsolete machinery for power generation.

Publisher

Walter de Gruyter GmbH

Subject

Economics and Econometrics,Social Sciences (miscellaneous),Analysis,Economics and Econometrics,Social Sciences (miscellaneous),Analysis

Reference66 articles.

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