Relationship between energy intensity and CO2 emissions: Does economic policy matter?

In an environment with economic policy uncertainty, the policies of energy efficiency are probably compromised due to weak regulation measures. Inconsistent economic policies may lead to higher energy consumption, which damages the environment. However, works of literature are silent on the role of...

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Veröffentlicht in:Sustainable development (Bradford, West Yorkshire, England) West Yorkshire, England), 2020-09, Vol.28 (5), p.1457-1464
Hauptverfasser: Danish, Ulucak, Recep, Khan, Salah‐Ud‐Din
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Ulucak, Recep
Khan, Salah‐Ud‐Din
description In an environment with economic policy uncertainty, the policies of energy efficiency are probably compromised due to weak regulation measures. Inconsistent economic policies may lead to higher energy consumption, which damages the environment. However, works of literature are silent on the role of economic policy uncertainty in carbon emission and energy nexus. Hence, the study is an attempt to investigate the role of economic policy uncertainty in the relationship between energy intensity and carbon dioxide (CO2) emissions in the United States by using annual data spanning from 1985 to 2017. A recent time series method proposed by Jordan and Philips (2018) is employed to get robust and consistent estimation results in the study. Empirical results reveal that (a) higher energy intensity contributes to pollution, (b) economic policy uncertainty adversely affects environmental quality, (c) economic policy uncertainty strengthens the detrimental effect of energy intensity on CO2 emissions.
doi_str_mv 10.1002/sd.2098
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source Wiley Online Library Journals Frontfile Complete; PAIS Index; EBSCOhost Business Source Complete
subjects Carbon dioxide
Carbon dioxide emissions
CO2 emissions
Economic policy
economic policy uncertainty
Economics
Emission analysis
Emissions
Energy
Energy consumption
Energy efficiency
energy intensity
Energy management
Energy policy
Environmental policy
Environmental quality
Pollution
Sustainable development
the United States
Time series
Uncertainty
title Relationship between energy intensity and CO2 emissions: Does economic policy matter?
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