Do the globalization and imports of capital goods from EU, US and China determine the use of renewable energy in developing countries?

IF 2.8 4区 环境科学与生态学 Q3 ENVIRONMENTAL SCIENCES
Zhe Liu, I. Ahmad, Zainab Perveen, Shahzad Alvi
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引用次数: 8

Abstract

Abstract The developing countries rely heavily on imports of capital goods to spur economic growth. When the economy grows, energy consumption rises, adversely impacting climate change. The low levels of renewable energy share in total energy consumption, developing nations confront a difficult task in achieving the SDGs targets related to an increase in renewable energy share and access to affordable, reliable, and modern energy. Finding solutions to increase renewable energy usage is critical. International trade is an unavoidable part of development, prompting us to consider the impact of imports on renewable energy usage. This study explores the effects of imports of capital goods from China, EU and USA on renewable energy consumption in developing countries by using panel data from 20 countries spanning 2000–2018. It is found that capital goods imported from China in developing countries negatively impact renewable energy consumption while imports from EU have a positive impact on renewable energy consumption. However, in the case of US it is found negative but insignificant. The role of economic, social, and political globalization is explored, and it is found that three types of globalization are positively and significantly linked with renewable energy consumption. Thus, this study recommends that trade policies complement domestic efforts toward increasing renewable energy production and consumption in developing countries.
全球化和从欧盟、美国和中国进口资本货物是否决定了发展中国家对可再生能源的使用?
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来源期刊
Carbon Management
Carbon Management ENVIRONMENTAL SCIENCES-
CiteScore
5.80
自引率
3.20%
发文量
35
期刊介绍: Carbon Management is a scholarly peer-reviewed forum for insights from the diverse array of disciplines that enhance our understanding of carbon dioxide and other GHG interactions – from biology, ecology, chemistry and engineering to law, policy, economics and sociology. The core aim of Carbon Management is it to examine the options and mechanisms for mitigating the causes and impacts of climate change, which includes mechanisms for reducing emissions and enhancing the removal of GHGs from the atmosphere, as well as metrics used to measure performance of options and mechanisms resulting from international treaties, domestic policies, local regulations, environmental markets, technologies, industrial efforts and consumer choices. One key aim of the journal is to catalyse intellectual debate in an inclusive and scientific manner on the practical work of policy implementation related to the long-term effort of managing our global GHG emissions and impacts. Decisions made in the near future will have profound impacts on the global climate and biosphere. Carbon Management delivers research findings in an accessible format to inform decisions in the fields of research, education, management and environmental policy.
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