The Investigating the Interactional Effects of Renewable Energy and Carbon Dioxide Emissions on Human Development: Cointegration in Autoregressive Distributed Lag

Document Type : Research Paper

Authors

1 M.Sc. Department of Economics, Faculty of Management and Human Science, Chabahar Maritime University, Chabahar, Iran

2 Assistant Professor, Department of Economic, Faculty of Management and Human Science, Chabahar Maritime University, Chabahar, Iran

10.22051/ieda.2024.45979.1398

Abstract

The increase in carbon emissions is one of the most serious concerns globally in the last decade. Different countries adopt various policies and approaches to reduce the intensity of carbon dioxide emissions. Therefore, this study examines the impact of renewable energy and carbon dioxide emissions, as well as their mutual effects on human development. The study is descriptive-analytical and applied, estimated by the autoregression method with distribution breaks for the years 2000-2020. The sample size was 16 countries with high human development, including Iran.
The results showed that carbon dioxide emissions in all four modes, including CO2 emissions, CO2 emissions from electricity and heat, CO2 emissions from liquid fuel consumption, and the intensity of carbon dioxide emissions, have a negative impact on renewable energies, gross domestic product, financial development, and net foreign direct investment. However, they had a positive effect on the human development index in the long term in countries with high human development. Also, the mutual effects of carbon dioxide emissions and renewable energies on the human development index were positive, so renewable energies can be used as a tool to control and reduce the effects of environmental pollution emissions to increase human development. Therefore, it is suggested to expand the use and development policies of renewable energy and attract more investments in this sector. Additionally, establishing laws to encourage public and private partnerships and removing investment barriers can help investors participate in renewable energy activities.

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References

 
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