Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth

This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries to promote the green economy and environment. This study also finds causal association between energy growth and nexus of CO 2 emissions and employed the premises...

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Veröffentlicht in:Environmental science and pollution research international 2021-10, Vol.28 (37), p.51105-51118
Hauptverfasser: Anser, Muhammad Khalid, Usman, Muhammad, Godil, Danish Iqbal, Shabbir, Malik Shahzad, Sharif, Arshian, Tabash, Mosab I., Lopez, Lydia Bares
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container_end_page 51118
container_issue 37
container_start_page 51105
container_title Environmental science and pollution research international
container_volume 28
creator Anser, Muhammad Khalid
Usman, Muhammad
Godil, Danish Iqbal
Shabbir, Malik Shahzad
Sharif, Arshian
Tabash, Mosab I.
Lopez, Lydia Bares
description This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries to promote the green economy and environment. This study also finds causal association between energy growth and nexus of CO 2 emissions and employed the premises of the EKC framework. The study used annual time series analysis, starting from 1985 to 2019. The data set has been collected from the World Development Indicator (WDI). The result of a fully modified ordinary least square (FMOLS) method describes a significantly worse quality environment in the South Asian region. The individual country as Bangladesh shows a positively significant impact on the CO 2 emissions and destroys the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth levels (GDP) and square of GDP confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use.
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subjects Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon dioxide
Carbon dioxide emissions
Earth and Environmental Science
Economic analysis
Economic development
Economic growth
Economics
Ecotoxicology
Emission analysis
Emissions
Energy consumption
Environment
Environmental Chemistry
Environmental Health
Environmental science
Environmental Sciences
Environmental Sciences & Ecology
GDP
Globalization
Green economy
Gross Domestic Product
Life Sciences & Biomedicine
Renewable energy
Research Article
Science & Technology
Time series
Waste Water Technology
Water Management
Water Pollution Control
title Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth
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