Investigating Long Run Relationship Among Renewable Energy Consumption, Fossil Fuel Energy Consumption and Economic Growth in South Asia With Time Series Analysis

Investigating Long Run Relationship Among Renewable Energy Consumption, Fossil Fuel Energy Consumption and Economic Growth in South Asia With Time Series Analysis PDF Author: Md. Aminul Karim
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

Book Description
Excessive consumption of fossil fuel leading to high environmental cost and the possibility of exhaustion of these nonrenewable energies is a compelling man to switch to alternative energy sources. These resources include renewable energies that are clean and sustainable. Renewable energy is such energy sources that are naturally replenished and are abundantly available. These energy sources beget from solar energy, wind, geothermal and hydro-power plants, etc. Therefore, instead of growing reliance on declining underground resources (fossil fuel resources), it must invest in the development of renewable energy utilization. This paper aims to provide renewable energy consumption patterns, in the long run, incorporating economic growth and fossil fuel energy consumption. In this analysis four, South Asian counties have been taken. These are Bangladesh, India, Pakistan, Sri-Lanka. By analyzing the data from 1990 -2014 with the Johansen Co-integration Method, renewable energy consumption is negatively related to economic growth (except India), whereas fossil fuel energy consumption is increasing with economic growth in the long run for the mentioned South Asian counties. Considering the climate issues, we addressed the opportunities and challenges providing some policy recommendations to increase renewable energy consumption.

Environmental Kuznets Curve (EKC)

Environmental Kuznets Curve (EKC) PDF Author: Burcu Özcan
Publisher: Academic Press
ISBN: 0128167963
Category : Business & Economics
Languages : en
Pages : 162

Book Description
Environmental Kuznets Curve (EKC): A Manual provides a comprehensive summary of the EKC, summarizing work on this economic tool that can analyze environmental pollution problems. By enabling users to reconcile environmental and economic development policies, Environmental Kuznets Curve studies lend themselves to the investigation of the energy-growth and finance-energy nexus. The book obviates a dependence on outmoded tools, such as carrying capacity, externalities, ecosystem valuation and cost benefit analysis, while also encouraging flexible approaches to a variety of challenges. Provides a comprehensive summary of EKC studies, including advances in econometrics, literature reviews and historical perspectives Outlines solutions to common problems in applying EKC techniques by reviewing major case studies Explores frequently-utilized proxies for environmental quality

Trade Liberalization and Renewable Energy Consumption in South Asia

Trade Liberalization and Renewable Energy Consumption in South Asia PDF Author: Muntasir Murshed
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Traditional dependence on the use of non-renewable energy resources has led to adverse socioeconomic and environmental complications in almost all of the South Asian economies. Moreover, the geographical locations have made these nations extremely vulnerable to the global climate changes. Thus, a transition from non-renewable to renewable energy consumption is of immense significance from the perspective of sustainable development in this region. Against this backdrop, the focus of this paper is aimed to empirically shed light on the role of greater trade openness and the simultaneous international fund inflows on facilitation of the renewable energy transition across Bangladesh, India, Pakistan and Sri Lanka. This paper incorporated annual data stemming from 2000 to 2017 and employed the Panel-Corrected Standard Error regression methodology. This paper also estimates the threshold level of GDP growth rate facilitating renewable energy transition in the five aforesaid South Asian economies. Furthermore, panel Granger causality test was applied to distinguish the possible causal associations between the variables in the long run. In light of the estimated results, it is found that trade openness enables renewable energy transition and all the three sources of foreign inflows stimulate positive impacts on renewable energy consumption trends in the selected economies. Moreover, a non-linear relationship between renewable energy transition and GDP growth rate is also revealed from the statistical estimates.

Renewable Power Generation Costs in 2019

Renewable Power Generation Costs in 2019 PDF Author: International Renewable Energy Agency IRENA
Publisher: International Renewable Energy Agency (IRENA)
ISBN: 9292602527
Category : Technology & Engineering
Languages : en
Pages : 276

Book Description
IRENA’s latest global cost study shows solar and wind power reaching new price lows. The report highlights cost trends for all major renewable electricity sources.

Energy and Environmental Outlook for South Asia

Energy and Environmental Outlook for South Asia PDF Author: Muhammad Asif
Publisher: CRC Press
ISBN: 1000298256
Category : Technology & Engineering
Languages : en
Pages : 264

Book Description
South Asia constitutes a key geography in the world today considering its large population and related daunting energy and environmental challenges. Many countries in the region are faced with a growing gap between energy demand and local resources, resulting in an increased dependence on imports. According to the International Energy Agency (IEA), the energy demand in South Asia will grow at a rate more than double that of the world average in the coming decades. This book addresses the critical subject of energy and environmental outlook for South Asia and presents the wider challenges and the responses at the national and regional level. Features: Discusses and addresses the ongoing energy and environmental challenges faced by almost a quarter of the global population Includes dedicated chapters for each country and presents analysis and recommendations by regional experts Examines how deteriorating air quality and persistent natural disasters are severe environmental challenges for the region Discusses the implications of global warming and climate change for South Asia Includes practical case studies throughout Energy and Environmental Outlook for South Asia will benefit a wide range of stakeholders from various fields including but not limited to energy, environment, economics, national security, and sustainable development. It also serves as a valuable resource for academics, researchers, analysts, policymakers, and representatives of utilities, industry, professional bodies, financial institutions, think tanks, and developmental organizations to better plan their initiatives, activities, and policies. It will help countries in the region and also those around the world by learning from shared experience, and ideally by collaborating for energy and environmental prosperity.

Sustainable Energy Transition In South Asia: Challenges And Opportunities

Sustainable Energy Transition In South Asia: Challenges And Opportunities PDF Author: S Narayan
Publisher: World Scientific
ISBN: 9811204330
Category : Business & Economics
Languages : en
Pages : 209

Book Description
With South Asia's growing energy demand, governments in the region are facing the short-term pressures of facilitating energy access, while attempting to formulate long-term sustainable strategies. This book explores how the key economies of South Asia are addressing issues such as the diversification of energy consumption profiles and import sources, investments in renewables, enabling universal energy access, challenges to regional energy cooperation, greenhouse gas emissions and climate change, and the policy changes that can foster bilateral and multilateral action.As governments seek to ensure access to affordable, reliable, secure, sustainable and modern energy, trends and drivers are emerging and shaping the South Asian energy landscape. The first section of the book examines energy trends at the regional level, while the second section focuses on the internal and external challenges faced by India — the largest energy consumer in the region and the third-largest energy consumer in the world.The diverse perspectives in this volume provide a holistic snapshot of South Asia's ongoing low-carbon energy transition, and highlight the importance of the region working collectively to navigate the many obstacles.

International Energy Outlook

International Energy Outlook PDF Author:
Publisher:
ISBN:
Category : Energy consumption
Languages : en
Pages : 74

Book Description


Energy Consumption and Economic Growth in South Asia

Energy Consumption and Economic Growth in South Asia PDF Author: Saeeda Noor
Publisher: LAP Lambert Academic Publishing
ISBN: 9783844311938
Category :
Languages : en
Pages : 88

Book Description
The Economic prosperity have always been linked to international trade and inflow of foreign direct investment.However, over past decades, Energy is important input for all major sectors of an economy.But in South Asian region, Governments' insufficiency to initiate new projects to grow productive capacity of energy coupled with its increasing demand leads to power cutoffs.Which depict the lines of disequilibrium in energy demand and supply.For this region, a very little academic literature exist on why this crisis and what is energy-economic growth relationship.Moreover, previous literature based on simple causality bi-variate analysis.Thus, this book provides panel co-integration analysis for selected South Asian countries.whether economic growth takes precedence over energy use or energy itself motivates for growth.Several reports, data sets and policies are given in order to clarify and support the analysis.Beside this, based on analysis some short-term and long-term plannings, modified polices and recommendations are addressed.It should helpful to new upcoming studies, researches.specially useful to policy orientations to implement policies and projects, which are in nation

Renewable and Non-Renewable Energy Consumption and Economic Growth in India

Renewable and Non-Renewable Energy Consumption and Economic Growth in India PDF Author: Ramphul Ohlan
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

Book Description
The emergence of renewable energy as an alternative to non-renewable energy sources has garnered a great deal of attention in crafting of sustainable energy policies. Motivated by this, the present study investigates the impact of renewable and non-renewable energy use on economic growth in India within the energy consumption-growth framework over the period 1971-2012. A newly proposed Bayer and Hanck combined test and autoregressive distributed lags bound testing approach to cointegration and vector error correction model for Granger casualty are used in a multivariate framework wherein trade openness and financial development are included as additional variables. Empirical evidence confirms the existence of a long run equilibrium relationship among the competing variables. The results indicate that non-renewable energy consumption has a long run significant positive effect on India's economic growth. In sharp contrast, the long run elasticity of economic growth with respect to renewable energy consumption is found to be statistically insignificant. In addition, it is shown that a bidirectional causality exists between nonrenewable energy use and economic growth in both the long run and short run. Based on the findings, it is suggested that a non-renewable energy conversation policy may retard economic growth in India if initiated without due regard to renewable energy sources.

Climate Change 2014

Climate Change 2014 PDF Author: Groupe d'experts intergouvernemental sur l'évolution du climat. Working group 3
Publisher:
ISBN: 9789291691425
Category :
Languages : en
Pages : 141

Book Description