How Economic Growth, Renewable Electricity and Natural Resources Contribute to CO2 Emissions?. Balsalobre-Lorente, D., Shahbaz, M., Roubaud, D., & Farhani, S. 2017. 00000abstract bibtex This study explores the relationship between econom ic growth and CO 2 emissions in the so-called European Union 5 (EU-5) countries (Germany, France, Italy, Spain, and the United Kingdom) for the 1985-2016 period. In doing so, we employ a carbon emission function to investigate the environmental Kuznets c urve phenomenon, which describes a relationship between economic growth and environmen tal degradation. The empirical results confirm the existence of an N-shaped relationship b etween economic growth and CO 2 emissions in the EU-5 countries. We incorporate add itional variables such as renewable electricity consumption, trade openness, natural re source abundance, and energy innovation to augment the carbon emission function. Renewable electricity consumption, natural resources, and energy innovation improve environmen tal quality, while trade openness and the interaction between economic growth and renewab le electricity consumption exert a positive impact on CO 2 emissions. This study is novel in that it presents an interaction between economic growth and renewable electricity c onsumption. We also confirm the need for renewable energy regulations related to increas ing renewable sources and promoting energy innovation to reduce the negative effects of energy and fossil energy resources on environmental degradation.
@article{balsalobre-lorente_how_2017,
title = {How {Economic} {Growth}, {Renewable} {Electricity} and {Natural} {Resources} {Contribute} to {CO}2 {Emissions}?},
abstract = {This study explores the relationship between econom
ic growth and CO
2
emissions
in the so-called European Union 5 (EU-5) countries
(Germany, France, Italy, Spain, and the
United Kingdom) for the 1985-2016 period. In doing
so, we employ a carbon emission
function to investigate the environmental Kuznets c
urve phenomenon, which describes a
relationship between economic growth and environmen
tal degradation. The empirical results
confirm the existence of an N-shaped relationship b
etween economic growth and CO
2
emissions in the EU-5 countries. We incorporate add
itional variables such as renewable
electricity consumption, trade openness, natural re
source abundance, and energy innovation
to augment the carbon emission function. Renewable
electricity consumption, natural
resources, and energy innovation improve environmen
tal quality, while trade openness and
the interaction between economic growth and renewab
le electricity consumption exert a
positive impact on CO
2
emissions. This study is novel in that it presents
an interaction
between economic growth and renewable electricity c
onsumption. We also confirm the need
for renewable energy regulations related to increas
ing renewable sources and promoting
energy innovation to reduce the negative effects of
energy and fossil energy resources on
environmental degradation.},
author = {Balsalobre-Lorente, Daniel and Shahbaz, Muhammad and Roubaud, David and Farhani, Sahbi},
year = {2017},
note = {00000},
keywords = {economics, collapse},
file = {Balsalobre-Lorente et al. - 2017 - How Economic Growth, Renewable Electricity and Nat.pdf:C\:\\Users\\rsrs\\Documents\\Zotero Database\\storage\\SSXEH49I\\Balsalobre-Lorente et al. - 2017 - How Economic Growth, Renewable Electricity and Nat.pdf:application/pdf}
}
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