Renewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL
نویسندگان
چکیده
According to the Economic Complexity Index, Japan was number 1 most complex economy in world. In addition complexity, pledges reduce emissions by boosting cleaner energy sources. This study simulates two policies highlight a path for achieving this ambitious and environmental target. The novel dynamic autoregressive distribution lag (ARDL) model Kernel-based regularized least squares (KRLS) are adopted over panel data from 1970 2018. Empirical evidence ARDL models shows that CO2 have significant long-term relationship with GDP per capita, renewable energy, economic complexity index while air transport is short run. Putting it more elaborately, unit increase capita emission 0.84%–0.96% long run 0.46%–0.48% As regards decrease carbon 0.07% 0.04% long-run short-run respectively. Also, an diminished 0.81% Moreover, moderates role of degradation as also has impact on emission.
منابع مشابه
Renewable energy policy performance in reducing CO2 emissions
Article history: Received 17 December 2014 Received in revised form 26 August 2015 Accepted 24 November 2015 Available online 18 December 2015 The growth of fossil fuel power production and the consequent increase in the level of carbon dioxide (CO2) emissions have set off an alarm signal worldwide. Different policies have been implemented to incentivize the development of renewable energy sour...
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ژورنال
عنوان ژورنال: Renewable Energy
سال: 2021
ISSN: ['0960-1481', '1879-0682']
DOI: https://doi.org/10.1016/j.renene.2021.06.018