Impact of globalization, institutional quality, economic growth, electricity and renewable energy consumption on Carbon Dioxide Emission in OECD countries

This research for the first time examines the influence of the financial development, stock market, globalization, institutional quality, economic growth, electricity, and renewable energy consumption on carbon dioxide emission from 1985 to 2018 in thirty-six (OECD) countries. Cointegrations exist i...

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Published inEnvironmental science and pollution research international Vol. 29; no. 16; pp. 24191 - 24202
Main Authors Cao, Huimin, Khan, Muhammad Kamran, Rehman, Abdul, Dagar, Vishal, Oryani, Bahareh, Tanveer, Arifa
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 01.04.2022
Springer Nature B.V
Subjects
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon dioxide
Carbon dioxide emissions
Earth and Environmental Science
Economic development
Economic growth
Economics
Ecotoxicology
Electricity
Electricity consumption
Emissions control
Energy consumption
Environment
Environmental Chemistry
Environmental Health
Environmental science
Globalization
Impact analysis
Renewable energy
Renewable resources
Research Article
Securities markets
Waste Water Technology
Water Management
Water Pollution Control
Institutional quality
Stock market
Economic growth
Globalization
Financial development
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Summary:This research for the first time examines the influence of the financial development, stock market, globalization, institutional quality, economic growth, electricity, and renewable energy consumption on carbon dioxide emission from 1985 to 2018 in thirty-six (OECD) countries. Cointegrations exist in the used variables based on the examined findings of the Kao, Westerlund, and Pedroni cointegration. Findings of the pooled mean group (PMG) indicate that renewable energy consumption, globalization, and institutional quality assist to reduce the carbon dioxide emission that improve the environment while financial development, stock market, electricity consumption, and economic growth cause to increase the carbon dioxide emission in OECD countries both in the long and in the short run. To reduce carbon dioxide emission, important policy implications are suggested for OECD countries.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-17076-3