Review Article Open Access

Dynamics of Greenhousegas, renewable energy consumption, and economic growth: Evidence from South Asian Countries

Abstract

Global warming and climate change, escalated by Greenhouse Gas (GHGs) emissions wreak a massive threat to human life and environment. Consequently, reducing environmental degradation is a prime global concern for sustainable development. The main purpose of current study is to explore a relationship between GHG proxies by CO2 emission, N2O emission, and CH4 emissions along with economic growth, renewable energy consumption, trade openness, and total natural resource rent for a panel of six selected South Asian countries. By using annual data from 1990-2020, and relevant methods for examining data properties, this study used panel ARDL methodology to determine a long-run and short-run relationship between selected variables. The panel results reveal the positive and significant impact of GDP on all three proxies of GHG emissions. Whereas, renewable energy has negative and significant impact on CO2 and N2O emissions. This study provides a comprehensive analysis of the determinants of renewable energy for South Asian countries. Furthermore, the empirical outcomes of current study delivers an imperative inference for policy-makers and highlight the role of renewable energy consumption in mitigating climate change in South Asian countries. Arooj Bashir*, Rafia Saqib

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