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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.

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.

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.

The Geopolitics of Energy in South Asia

The Geopolitics of Energy in South Asia PDF Author: Marie Lall
Publisher: Institute of Southeast Asian Studies
ISBN: 981230827X
Category : Business & Economics
Languages : en
Pages : 275

Book Description
Energy security has become a central concern for all the countries in the Asian region and the search for sufficient sources of energy to fuel economic growth has drastically influenced relations among the South Asian countries as well as their respective relations with their neighbours China, Myanmar, Iran, and Afghanistan. The recent nuclear deal between India and the US is also indicative of how energy and power politics are linked and how these new inter-linkages underlie relations between states. This book aims to give a South Asian perspective on the geopolitics of energy, with a central focus on India. The chapters address how India's global and regional foreign policy making has changed in light of India's search for energy and how this is affecting the relationship on a global level between India and the US, as well as on a regional level between India and the other Asian countries. The book also offers views from Pakistan and Bangladesh, as well as how this shifting reality is affecting relations between India and Southeast Asia.

Questioning the Effectiveness of Trade Openness in Facilitating Renewable Energy Transition

Questioning the Effectiveness of Trade Openness in Facilitating Renewable Energy Transition PDF Author: Muntasir Murshed
Publisher:
ISBN:
Category :
Languages : en
Pages : 18

Book Description
The aim of this paper is to bridge the gap in the literature by empirically shedding light on the impacts of trade openness on facilitation of renewable energy transition in 38 selected countries across South Asia, Southeast Asia, Sub Saharan Africa, Latin America and Caribbean Islands. Annual data in, panel framework, stemming from 2000 to 2014 is incorporated in this paper and the Three-Stage Least Squares (3SLS) panel data estimation methodology is applied. In addition, Granger causality tests, and its pre-requisites are also considered to understand the long run causal associations as well. In light of the estimated results, it is found that trade openness, in general, does not contribute to renewable energy within the economy but it does enhance the energy use efficiency. Moreover, the results in this paper support the fact that inflow of FDI is conducive to the attainment of most of the energy sustainability targets enlisted under the United Nations 2030 Sustainable Development Agenda. The paper also finds evidence suggesting a paradoxical effect of remittances with regard to the overall renewable energy transition. According to the results, the inflow of remittance increases the consumption of renewable energy but it simultaneously reduces its share of the total energy consumption as well. Thus, this paper can be a cornerstone in designing crucial public policies aimed at facilitation of renewable energy use in quest of attainment of energy sustainability across the globe.

Energy Trade in South Asia

Energy Trade in South Asia PDF Author: Sultan Hafeez Rahman
Publisher: Asian Development Bank
ISBN: 9290926317
Category : Business & Economics
Languages : en
Pages : 164

Book Description
The South Asia Regional Energy Study was completed as an important component of the technical assistance project Preparing the Energy Sector Dialogue and South Asian Association for Regional Cooperation Energy Center Capacity Development. It involved examining regional energy trade opportunities among all the member states of the South Asian Association for Regional Cooperation. The study provides interventions to improve regional energy cooperation in different timescales, including specific infrastructure projects which can be implemented during these periods.

Trade Liberalisation and Poverty in South Asia

Trade Liberalisation and Poverty in South Asia PDF Author: Prema-chandra Athukorala
Publisher: Routledge
ISBN: 0415561752
Category : Business & Economics
Languages : en
Pages : 221

Book Description
The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.

Energy Cooperation in South Asia

Energy Cooperation in South Asia PDF Author: Olivia Gippner
Publisher:
ISBN:
Category : Clean energy investment
Languages : en
Pages : 80

Book Description


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.

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

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.