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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Journal of Environme...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Journal of Environmental Management
Article . 2021 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Role of trade openness, export diversification, and renewable electricity output in realizing carbon neutrality dream of China

Authors: Menghan Li; Munir Ahmad; Zeeshan Fareed; Taimoor Hassan; Dervis Kirikkaleli;

Role of trade openness, export diversification, and renewable electricity output in realizing carbon neutrality dream of China

Abstract

Since climate change mitigation is the central debate of modern literature, the realization of carbon neutrality in response to diversified macroeconomic variables is the most crucial concern of international economies. However, the critical role of trade and renewable electricity output in export diversification-environmental nexus is missing. Therefore, this study investigates the combined influence of trade openness, exports diversification, and renewable electricity output on carbon dioxide emissions (CO2) in China from 1989 through 2019. Applying novel time series econometric techniques robust to structural breaks, following new outcomes are obtained. Firstly, long-run equilibrium cointegration existed among the under-analysis variables. Secondly, export diversification and renewable electricity output are predicted to decelerate CO2, supporting carbon neutrality in the long run. Thirdly, trade openness and gross domestic product accelerated the CO2, delaying carbon neutrality accomplishment. Most importantly, significant structural break dummy interacting with trade openness implicated that during the post-2001 era, China's trade openness extensively deteriorated the environmental quality in the face of trade liberalization obtained after joining the World Trade Organization (WTO). Based on empirical results, export diversification and renewable electricity production policies should be mutually non-exclusive and closely coordinated. Further, to counter the carbon emission acceleration impact of trade openness, increasing the share of green tradable products is suggested. Finally, bilateral trade restructuring is recommended to realize the long-term dream of economic sustainability and carbon neutrality.

Related Organizations
Keywords

China, Gross Domestic Product, Carbon Dioxide, Electricity, Economic Development, Renewable Energy

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
149
Top 1%
Top 10%
Top 0.1%
bronze