This study aims to provide a new perspective on environmental studies by examining the influence of environmental-related technological innovation, foreign direct investment, renewable energy consumption, and economic growth on the climate change index (CCI), a novel proxy for environmental quality indicators. From the econometric standpoint, this study employs the "non-linear autoregressive distributed lag" model and spectral causality over the period of 1999-2018 for India. The results show that positive shocks to economic growth have detrimental long- and short-term effects on environmental quality, whereas negative shocks have no effect.
View Article and Find Full Text PDFThe global warming issue arises from climate change, which draws scientists' attention toward cleaner energy sources. Among clean sources, renewables and nuclear energy are getting immense attention among policymakers. However, the significance of nuclear energy in reducing CO emissions has remained ambiguous, necessitating further research.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
August 2022
India's sustainable development goals consist of higher economic growth through large investments on the one hand and ambitious carbon emission reduction plans through increased renewables on the other. It needs to be seen if the two policies related to capital formation and energy transitioning to renewables complement each other or if they have been divergent in the case of India. This paper studies the dynamic association between carbon dioxide emissions, economic growth, renewable energy (RE) consumption, and gross capital formation and tests for the existence of Environmental Kuznets Curve (EKC) hypothesis for India over the time period 1970-2018.
View Article and Find Full Text PDFThe paradigm of sustainable tourism policy implications aims to prioritize the decoupling association between tourism development and environmental deterioration. The study revisits the dynamic associations among carbon dioxide emissions, economic growth, international tourism, education, renewable energy consumption, and gross capital formation for the case of India through the lens of the environmental Kuznets curve hypothesis framework. The long-run dynamics among the variables confirm the inverted U-shaped environmental Kuznets curve hypothesis for India.
View Article and Find Full Text PDFIndia is predominantly a fossil fuel-intensive South Asian country that has traditionally settled for higher economic gains at the expense of lower environmental quality. However, in the contemporary era, it has become essential for India to come up with viable solutions that can enable the nation to transform its economy into a low-carbon one. Although replacing fossil fuel use with renewable energy sources is assumed to be the ideal pathway to decarbonizing the Indian economy, achieving this clean energy transition involves a long-term process.
View Article and Find Full Text PDFEnviron Sci Pollut Res Int
November 2021
The transition towards a modern cleaner energy pathway has been receiving global attention recently. Although nuclear energy has emerged as an alternative cleaner energy source and is receiving immense policy attention, however, the role of nuclear energy in the environmental degradation mitigation remains inconclusive in the extant literature. Therefore, this study examines the dynamic linkages between gross domestic product, foreign direct investment inflows, nuclear energy consumption, trade openness, and CO emissions for India within the environmental Kuznets curve framework over the period 1978-2019 through various robust econometric models that takes into consideration the presence of structural break in the data.
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