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dc.contributor.authorIke, George N.
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorSarkodie, Samuel Asumadu
dc.identifier.citationIke, G. N., Usman, O., Alola, A. A. & Sarkodie, S. A. (2020). Environmental quality effects of income, energy prices and trade: The role of renewable energy consumption in G-7 countries. Science of the Total Environment, 721: 137813. doi:en_US
dc.description.abstractRenewable energy plays a vital role in achieving environmental sustainability, however, the mitigating effect varies across countries depending on the share of renewables in the energy mix. Herein, we analyze the effect of renewable energy consumption, energy prices, and trade on emissions in G-7 countries. The results demonstrate that renewable energy and energy prices exert negative pressure on CO2 emissions while trade volume exerts a robust positive pressure on CO2 emissions. The country-specific estimation results provide evidence of a negative effect of energy prices on CO2 emissions. While the environmental Kuznets curve hypothesis is validated at the panel and country-specific levels, the effect of renewable energy consumption and trade, are disparate across countries. The panel Granger causality shows a mono-directional causality flowing from energy prices, GDP, the quadratic term of GDP and trade to CO2 emissions. Renewable energy consumption, however, has no causal relationship with CO2 emissions but indirectly affects CO2 emissions through its direct effect on energy prices. Joint action on trade, energy prices, and country-specific renewable energy policies have implications for environmental sustainability and the attainment of the Sustainable Development Goals (SDGs).en_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.titleEnvironmental quality effects of income, energy prices and trade: The role of renewable energy consumption in G-7 countriesen_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.rights.holder© 2020 The Author(s)en_US
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en_US
dc.subject.nsiVDP::Teknologi: 500::Miljøteknologi: 610en_US
dc.source.journalScience of the Total Environmenten_US
dc.description.localcodeUnit Licence Agreementen_US

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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal