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Clean Technologies and Environmental Policy
Erschienen in: Clean Technologies and Environmental Policy 4/2020

09.03.2020 | Original Paper

Exploring the impact of economic growth, trade openness and urbanization with evidence from a large developing economy of India towards a sustainable and practical energy policy

verfasst von: Sanghita Basu, Mousumi Roy, Parimal Pal

Erschienen in: Clean Technologies and Environmental Policy | Ausgabe 4/2020

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Abstract

Causal relationship among economic growth, urbanization, energy consumption, renewable energy share, trade openness and carbon emissions in the context of a large developing economy of India over the period 1990–2015 is examined in this study. The results support the existence of co-integration among the major variables. Ridge regression is done to model the impact of these variables on carbon emission. Estimated coefficients of economic growth and energy consumption are positive and significant. The major contribution to carbon emission in India comes from total energy consumption (34.12%) and economic growth (12.49%), while renewable energy consumption shows negative impact (− 29.76%). Results support feedback hypothesis among trade and carbon emission. This is revealed that the increase in GDP and trade openness facilitates adoption of renewable and energy-efficient technologies to reduce emission. In view of continued heavy dependence on indigenous fossil fuel coal as the major energy provider, concern should be adoption of ultra-low-emission technology in coal-fired power plants for immediate relief. Development of renewable energy sources coupled with switching to electric mass transport systems and large-scale adoption of energy-efficient green technologies appear as the other most practical and sustainable policy suggestions for a vast economy like India.

Graphic abstract

Vorheriger Artikel Investigating the enablers associated with implementation of Green Lean Six Sigma in manufacturing sector using Best Worst Method
Nächster Artikel Auxiliary power through marine waste heat recovery using a CO2-organic cascading cycle

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Metadaten
Titel
Exploring the impact of economic growth, trade openness and urbanization with evidence from a large developing economy of India towards a sustainable and practical energy policy
verfasst von
Sanghita Basu
Mousumi Roy
Parimal Pal
Publikationsdatum
09.03.2020
Verlag
Springer Berlin Heidelberg
Erschienen in
Clean Technologies and Environmental Policy / Ausgabe 4/2020
Print ISSN: 1618-954X
Elektronische ISSN: 1618-9558
DOI
https://doi.org/10.1007/s10098-020-01828-9

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