1. The role of renewable energy, alternative and nuclear energy in mitigating carbon emissions in the CPTPP countries.
- Author
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Vo, Duc Hong, Vo, Anh The, Ho, Chi Minh, and Nguyen, Ha Minh
- Subjects
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ALTERNATIVE fuels , *NUCLEAR energy , *ENERGY consumption , *TRANS-Pacific Partnership , *LEAST squares , *EMISSIONS trading - Abstract
The paper investigates the role of renewable energy and alternative and nuclear energy in mitigating CO 2 emissions. Trade openness is added to consider its effect on the environment, as it appears to be a crucial factor in interregional cooperation and development. We adopt a sample of nine signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from 1971 to 2014. Various time-series econometric methods are utilized including two long-run estimators - fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) - and a Granger-causality test. Several noteworthy findings are achieved from this paper. First , the inverse U-shaped relationship is found in six countries: Australia, Canada, Chile, New Zealand, Peru and Vietnam. The U-shaped relationship is found in Japan and Malaysia whereas no evidence is observed in Mexico. Second , the adoption of either renewable energy or alternative and nuclear energy would mitigate CO 2 emissions and trade openness plays an important role in facilitating this effect. Third , the directions of Granger causality among the variables of interests including consumption of renewable energy; consumption of alternative and nuclear energy, trade openness and CO 2 emissions, do vary across countries and between the short term and the long term. • Inverse U-shaped relationship in Australia, Canada, Chile, New Zealand, Peru, Vietnam. • U-shaped relationship in Japan and Malaysia and no evidence in Mexico. • Consumption of renewable energy, alternative & nuclear energy reducing CO 2 emissions. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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