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Investigating the subsistence of Environmental Kuznets Curve in the midst of economic development, population, and energy consumption in Bangladesh: imminent of ARDL model. | LitMetric

AI Article Synopsis

  • This study examines the relationship between energy consumption, population growth, and economic development in Bangladesh to assess the environmental Kuznets curve (EKC) and its effect on carbon dioxide emissions from 1971 to 2020.
  • Utilizing an autoregressive distributed lag model, the research finds a long-term EKC pattern, indicating that as economic growth increases, carbon emissions initially rise but eventually decline after reaching a certain economic threshold.
  • The findings suggest that while energy consumption and economic development negatively impact the environment—especially through fossil fuels—transitioning to renewable energy sources like solar and biodiesel is essential for improving environmental quality in Bangladesh.

Article Abstract

The main purpose of this study is to analyze the existence of an environmental Kuznets curve (EKC) considering the midst of energy consumption, population and economic development. The main objective is to investigate the impact of energy consumption, population and economic development on CO emissions. This study has taken data from 1971 to 2020 to see the existence of an EKC in the country of Bangladesh. Besides population growth, energy consumption and economic development are also taken into consideration. An autoregressive distributed lag (ARDL) model was used to scrutinize cointegration based on selected variables and their respective I (0) and I (1) values. This study has confirmed the long-term existence of the EKC in the environment. The environmental Kuznets curve was also tested using economic performance coefficients on emissions. In the long run, EKC explains why per capita carbon output decreases with population expansion but turns down after a certain threshold level is achieved because of this inverted U-shaped pattern. For decades, increased energy consumption has been linked to worsening environmental conditions, according to this study. According to the findings, there are a wide variety of approaches to advancing Bangladesh's economy and improving its environmental quality. In the long run, the population has no positive impact on CO secretion. The use of fossil fuels such as gas and oil can have a detrimental environmental impact. As a result, if we want to conserve the environment, we need to use renewable energy sources like solar and biodiesel instead of traditional, nonrenewable fuels.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC9449569PMC
http://dx.doi.org/10.1016/j.heliyon.2022.e10357DOI Listing

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