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Despite the drive for increased environmental protection and the achievement of the Sustainable Development Goals (SDGs), coal, oil, and natural gas use continues to dominate Japan’s energy mix. In light of this issue, this research assessed the position of natural gas, oil, and coal energy use in Japan’s environmental mitigation efforts from the perspective of sustainable development with respect to economic growth between 1965 and 2019. In this regard, the study employs Bayer and Hanck cointegration, fully modified Ordinary Least Square (FMOLS), and dynamic ordinary least square (DOLS) to investigate these interconnections. The empirical findings from this study revealed that the utilization of natural gas, oil, and coal energy reduces the sustainability of the environment with oil consumption having the most significant impact. Furthermore, the study validates the environmental Kuznets curve (EKC) hypothesis in Japan. The outcomes of the Gradual shift causality showed that CO2 emissions can predict economic growth, while oil, coal, and energy consumption can predict CO2 emissions in Japan. Given Japan’s ongoing energy crisis, this innovative analysis provides valuable policy insights to stakeholders and authorities in the nation’s energy sector.
Tomiwa Adebayo; Abraham Awosusi; Seun Oladipupo; Ephraim Agyekum; ArunKumar Jayakumar; Nallapaneni Kumar. Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability. International Journal of Environmental Research and Public Health 2021, 18, 7347 .
AMA StyleTomiwa Adebayo, Abraham Awosusi, Seun Oladipupo, Ephraim Agyekum, ArunKumar Jayakumar, Nallapaneni Kumar. Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability. International Journal of Environmental Research and Public Health. 2021; 18 (14):7347.
Chicago/Turabian StyleTomiwa Adebayo; Abraham Awosusi; Seun Oladipupo; Ephraim Agyekum; ArunKumar Jayakumar; Nallapaneni Kumar. 2021. "Dominance of Fossil Fuels in Japan’s National Energy Mix and Implications for Environmental Sustainability." International Journal of Environmental Research and Public Health 18, no. 14: 7347.
The present study assesses the impact of urbanization, economic growth, energy consumption, and financial development on CO2 emissions in Latin American countries using a dataset spanning between 1980 and 2017. The current paper employs utilized panel econometric techniques such as CIDF, panel unit test, the Westerlund panel cointegration, fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and Dumitrescu Hurlin panel causality test to assess these associations. The outcomes from the FMOLS and DOLS estimation reveal that (i) economic growth impacts CO2 emissions positively, (ii) energy consumption exerts a positive impact on CO2 emissions, and (iii) urbanization impacts CO2 emissions positively. Furthermore, the outcomes of the causality test reveal that energy consumption and economic growth can predict CO2 emissions in Latin countries. The findings highlight the importance of policymakers actively coordinating strategies to address Latin America’s severe environmental degradation.
Tomiwa Sunday Adebayo; Muhammad Ramzan; Hafiz Arslan Iqbal; Abraham Ayobamiji Awosusi; Gbenga Daniel Akinsola. The environmental sustainability effects of financial development and urbanization in Latin American countries. Environmental Science and Pollution Research 2021, 1 -14.
AMA StyleTomiwa Sunday Adebayo, Muhammad Ramzan, Hafiz Arslan Iqbal, Abraham Ayobamiji Awosusi, Gbenga Daniel Akinsola. The environmental sustainability effects of financial development and urbanization in Latin American countries. Environmental Science and Pollution Research. 2021; ():1-14.
Chicago/Turabian StyleTomiwa Sunday Adebayo; Muhammad Ramzan; Hafiz Arslan Iqbal; Abraham Ayobamiji Awosusi; Gbenga Daniel Akinsola. 2021. "The environmental sustainability effects of financial development and urbanization in Latin American countries." Environmental Science and Pollution Research , no. : 1-14.
Globally we are at a crossroad whereby energy production and consumption in themselves is partly blamed for climate change issues and global warming menace. The question that comes to heart is do we stop seeking energy production and consumption? of course no. Thus, there is a need for innovation on part of economies as they seek energy for sustainable development. This country-specific study focuses on South African, which reflects the above highlights menace in no small measure where her economic growth trajectory is plagued with high CO2 emission. To this end, we explore the nexus between coal energy consumption, economic growth, renewable energy consumption and CO2 emission between annual periods of 1980–2017. This study applied a battery of econometric techniques to underscore the relationship between the outlined variables. According to the ARDL bounds test to cointegration in conjunction with Kripfganz and Schneider (2018) critical approximation p-values both affirm long-run equilibrium relationship between study variables. Empirical evidence gives credence to the growth-induced pollution emission in South Africa as reported by the Autoregressive distributed lag Method, fully modified ordinary least squares and dynamic ordinary least squares as robustness test for soundness of analysis. This finding suggests that South Africa's economic growth trajectory is not clean. This preposition is resonated with the result of coal energy consumption also dampening environmental quality. Financial development shows strong statistical strength to improve the quality of the environment. These outcomes are indicative for policymakers as there is urgent need to energy transition from conventional energy based on fossil fuel (coal energy) to renewable energy mix which is more environmentally friendly should be pursued in South Africa.
Tomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi; Festus Victor Bekun; Mehmet Altuntaş. Coal energy consumption beat renewable energy consumption in South Africa: Developing policy framework for sustainable development. Renewable Energy 2021, 175, 1012 -1024.
AMA StyleTomiwa Sunday Adebayo, Abraham Ayobamiji Awosusi, Festus Victor Bekun, Mehmet Altuntaş. Coal energy consumption beat renewable energy consumption in South Africa: Developing policy framework for sustainable development. Renewable Energy. 2021; 175 ():1012-1024.
Chicago/Turabian StyleTomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi; Festus Victor Bekun; Mehmet Altuntaş. 2021. "Coal energy consumption beat renewable energy consumption in South Africa: Developing policy framework for sustainable development." Renewable Energy 175, no. : 1012-1024.
This study assesses the relationship between economic performance and environmental sustainability by taking into account the role of energy consumption, urbanization, and trade openness in Brazil by using data spanning from 1965 to 2019. The study is distinct from previously documented studies in literature in terms of scope for Brazil, where few entries have been recorded. The major objectives are to address the questions: (a) Is there a long-run connection between the variables under consideration? (b) Can CO2 emissions, trade openness, and energy consumption predict economic performance of Brazil? (c) What is the connection between economic growth and the independent variables at different frequencies and time-period? Furthermore, the study utilized dynamic ordinary least square (DOLS), fully modified ordinary least square (FMOLS), Maki Cointegration, and autoregressive distributed lag (ARDL) to capture the long-run association between the variables of interest. Also, we used the Wavelet coherence and Gradual-shift causality tests to capture the causal linkage between economic growth and the regressors. The advantage of the wavelet coherence test is that it can capture causal linkage between series at different frequencies and periods. The outcome of both Maki cointegration and ARDL bounds testing to cointegration affirms the presence of long-run interaction among the parameters of interest. Furthermore, the outcomes of the DOLS and FMOLS revealed that energy consumption, CO2 emissions, and urbanization exert positive impacts on economic growth in Brazil while there is no significant connection between trade openness and economic growth. Moreover, Gradual shift causality test outcomes disclosed that urbanization, trade openness, CO2 emissions and energy usage can predict the economic performance of Brazil. The outcomes of the wavelet coherence test give credence to the FMOLS, DOLS, and Gradual shift causality tests.
Tomiwa Adebayo; Abraham Awosusi; Jamiu Odugbesan; Gbenga Akinsola; Wing-Keung Wong; Husam Rjoub. Sustainability of Energy-Induced Growth Nexus in Brazil: Do Carbon Emissions and Urbanization Matter? Sustainability 2021, 13, 4371 .
AMA StyleTomiwa Adebayo, Abraham Awosusi, Jamiu Odugbesan, Gbenga Akinsola, Wing-Keung Wong, Husam Rjoub. Sustainability of Energy-Induced Growth Nexus in Brazil: Do Carbon Emissions and Urbanization Matter? Sustainability. 2021; 13 (8):4371.
Chicago/Turabian StyleTomiwa Adebayo; Abraham Awosusi; Jamiu Odugbesan; Gbenga Akinsola; Wing-Keung Wong; Husam Rjoub. 2021. "Sustainability of Energy-Induced Growth Nexus in Brazil: Do Carbon Emissions and Urbanization Matter?" Sustainability 13, no. 8: 4371.
Following the United Nations Sustainable Development Goals (UN-SDGs), which place emphasis on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8), this research intends to re-examine the relationship between urbanization, CO2 emissions, gross capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using recent econometric techniques, based on data covering the period between 1965 and 2019. The present study utilized the autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least squares (FMOLS) methods, while the gradual shift and wavelet coherence techniques are utilized to determine the direction of the causality. The ARDL bounds test reveals a long-run linkage between the variables of interest. Empirical evidence shows that CO2 emissions trigger economic growth. Thus, based on increasing environmental awareness across the globe, it is necessary to change the energy mix in South Korea to renewables to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is supported by the causality analysis, which shows a one-way causality running from energy consumption to GDP in South Korea. This suggests that South Korea cannot embark on conservative energy policies, as such actions will damage economic progress. Additionally, a unidirectional causality is seen from CO2 emissions and energy consumption to economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.
Tomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi; Dervis Kirikkaleli; Gbenga Daniel Akinsola; Madhy Nyota Mwamba. Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis. Environmental Science and Pollution Research 2021, 28, 38969 -38984.
AMA StyleTomiwa Sunday Adebayo, Abraham Ayobamiji Awosusi, Dervis Kirikkaleli, Gbenga Daniel Akinsola, Madhy Nyota Mwamba. Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis. Environmental Science and Pollution Research. 2021; 28 (29):38969-38984.
Chicago/Turabian StyleTomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi; Dervis Kirikkaleli; Gbenga Daniel Akinsola; Madhy Nyota Mwamba. 2021. "Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis." Environmental Science and Pollution Research 28, no. 29: 38969-38984.