Analysing Oil Prices Fluctuations, Carbon Emissions and Renewable Energy Trends in Uncovering the Eco-Economic Interplay in China's Trade Liberalization

IF 1.4 4区地球科学 Q3 GEOSCIENCES, MULTIDISCIPLINARY

Geological Journal Pub Date : 2024-09-15 DOI:10.1002/gj.5055

Irfan Ullah, Andrea Gatto, Magdalena Radulescu, Buhari Doğan, Abdelmohsen A. Nassani, Kamel Si Mohammed

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Abstract

This study evaluates the factors contributing to carbon emissions in China between 2002 and 2021, considering the impact of GDP growth, shocks in oil prices, trade liberalization and energy use. Using the dynamic simulated ARDL (SARDL) model, we indicate a long-term link between trade liberalization, oil prices (WTI) shocks, GDP growth, energy use and CO₂. The novel SARDL revealed a direct relationship between trade liberalization and CO₂ in China in the long term. However, the results show a negative impact of WTI shocks on CO₂ emissions. The study suggests that renewable energy (RE) significantly and negatively affects China's CO₂ emissions. In addition, the findings conclude that, in the case of China, GDP has an insignificant long-run relationship with CO₂ emissions. The outcomes provide valuable insights for policymakers, researchers and industry stakeholders to enhance RE and promote sustainable energy practices.

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分析石油价格波动、碳排放和可再生能源趋势，揭示中国贸易自由化中的生态经济互动关系

本研究考虑了 GDP 增长、石油价格冲击、贸易自由化和能源使用的影响，评估了 2002 年至 2021 年期间造成中国碳排放的因素。利用动态模拟 ARDL（SARDL）模型，我们发现贸易自由化、石油价格（WTI）冲击、GDP 增长、能源使用和二氧化碳之间存在长期联系。新型 SARDL 模型揭示了中国贸易自由化与二氧化碳之间的长期直接关系。然而，结果显示 WTI 冲击对二氧化碳排放有负面影响。研究表明，可再生能源（RE）对中国的二氧化碳排放有显著的负面影响。此外，研究结果还得出结论，就中国而言，GDP 与二氧化碳排放量的长期关系并不显著。研究结果为政策制定者、研究人员和行业利益相关者加强可再生能源和促进可持续能源实践提供了有价值的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Geological Journal 地学-地球科学综合

CiteScore

4.20

自引率

11.10%

发文量

269

审稿时长

3 months

期刊介绍： In recent years there has been a growth of specialist journals within geological sciences. Nevertheless, there is an important role for a journal of an interdisciplinary kind. Traditionally, GEOLOGICAL JOURNAL has been such a journal and continues in its aim of promoting interest in all branches of the Geological Sciences, through publication of original research papers and review articles. The journal publishes Special Issues with a common theme or regional coverage e.g. Chinese Dinosaurs; Tectonics of the Eastern Mediterranean, Triassic basins of the Central and North Atlantic Borderlands). These are extensively cited. The Journal has a particular interest in publishing papers on regional case studies from any global locality which have conclusions of general interest. Such papers may emphasize aspects across the full spectrum of geological sciences.