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Examining the nexus of energy intensity, renewables, natural resources, and carbon intensity in India

Authors: Oktay Özkan; Hephzibah Onyeje Obekpa; Andrew Adewale Alola;

Examining the nexus of energy intensity, renewables, natural resources, and carbon intensity in India

Abstract

India remained the third-largest energy consumer in the world, responsible for around 7% of global carbon emissions due to rising incomes and improving living standards. Although resource extraction has quadrupled since 1970 due to rising population and demand for natural resources, energy use and transformation, notably of fossil fuel energy, have increased by around 45%, thus increasing greenhouse gas (GHG) emissions. In this view, this study aims to explore energy intensity, renewable energy, natural resources, economic growth, and environmental degradation nexus in India. The novel dynamic simulated autoregressive distributed lag and kernel-based regularized least squares (KRLS) approaches are used to explore the effects of energy intensity, renewable energy, natural resources, and economic growth on carbon intensity for India from 1970 to 2020. The empirical results reveal that renewable energy and natural resources improve India's environmental quality via the mitigation of carbon emissions. It is also found that energy intensity and economic growth deteriorate the country's environmental quality by increasing carbon emissions in the short- and long run. A series of robustness estimation affirms the above evidence, thus providing requisite guideline for relevant policy recommendations for the country.

Country
Norway
Keywords

carbon intensity, KRLS, energy intensity, India, renewable energy, dynamic symulated ARDL, VDP::Samfunnsvitenskap: 200::Økonomi: 210, natural resources

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    Top 10%
    influence
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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!
8
Top 10%
Average
Top 10%
Green