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Research Article
Hamid hussain
Institute of Business Administration Karachi: Institute of Business Administration
Corresponding Author
ORCiD: https://orcid.org/0000-0002-8519-7556
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The current study re-investigates the link between renewable power utilization, financial advancements, urbanization and carbon emanations by applying the newly introduced quantile autoregressive distributed lag (QARDL) method proposed by Cho et al. (2015) in Chinese economy. The framework is assessed utilizing quarterly data during the time span of 1970Q1-2017Q4. The outcomes confirm that the association between the variable is quantile-dependent, which may uncover ambiguous outcomes in the previous research using out-dated estimations that mainly focus on the mean. The outcomes of Wald-test further confirmed the parameter constancy for China. Interestingly, we have found that on the one hand, renewable energy utilization helps in declining the CO2 emanations, and on the other hand, financial advancement and urbanization augments the CO2 emanations. Moreover, the causality analysis results divulge the existence of bidirectional causal associations between (a) renewable power and Carbon emanations, (b) financial advancements and Carbon emanations, and (c) urbanization and Carbon emanations. The findings recommended that government enforcement of renewable energy implementation should entail the introduction of cleaner production processes across the industries, so the level of environmental awareness helps the citizens in identifying the ecologically sustainable utilization patterns.
Keywords
Renewable energy, financial advancement, QARDL, China
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CURRENT STATUS: Under Revision
Version 1
Posted 27 Apr, 2021
No community comments so far
Editorial decision: Major Revision
On 15 May, 2021
Reviews received
Received 25 Apr, 2021
Reviewers invited
Invitations sent on 24 Apr, 2021
Editor invited
On 19 Apr, 2021
Editor assigned
On 11 Apr, 2021
First submitted
On 12 Feb, 2021
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Environmental Policy
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This preprint is under consideration at Environmental Science and Pollution Research. A preprint is a preliminary version of a manuscript that has not completed peer review at a journal. Research Square does not conduct peer review prior to posting preprints. The posting of a preprint on this server should not be interpreted as an endorsement of its validity or suitability for dissemination as established information or for guiding clinical practice.
Learn more about In Review
Research Article
Hamid hussain
Institute of Business Administration Karachi: Institute of Business Administration
Corresponding Author
ORCiD: https://orcid.org/0000-0002-8519-7556
Badges
Prescreen
This manuscript passed our Prescreen assessment
Complete author information
Appropriate declaration statements
Potential risks to human health
Prescreen
Peer Review Timeline
CURRENT STATUS: Under Revision
Version 1
Posted 27 Apr, 2021
No community comments so far
Editorial decision: Major Revision
On 15 May, 2021
Reviews received
Received 25 Apr, 2021
Reviewers invited
Invitations sent on 24 Apr, 2021
Editor invited
On 19 Apr, 2021
Editor assigned
On 11 Apr, 2021
First submitted
On 12 Feb, 2021
Metrics
Comments: 0
PDF Downloads: ...
HTML Views: ...
Subject Areas
Environmental Policy
License:
This work is licensed under a CC BY 4.0 License. Read Full License
The current study re-investigates the link between renewable power utilization, financial advancements, urbanization and carbon emanations by applying the newly introduced quantile autoregressive distributed lag (QARDL) method proposed by Cho et al. (2015) in Chinese economy. The framework is assessed utilizing quarterly data during the time span of 1970Q1-2017Q4. The outcomes confirm that the association between the variable is quantile-dependent, which may uncover ambiguous outcomes in the previous research using out-dated estimations that mainly focus on the mean. The outcomes of Wald-test further confirmed the parameter constancy for China. Interestingly, we have found that on the one hand, renewable energy utilization helps in declining the CO2 emanations, and on the other hand, financial advancement and urbanization augments the CO2 emanations. Moreover, the causality analysis results divulge the existence of bidirectional causal associations between (a) renewable power and Carbon emanations, (b) financial advancements and Carbon emanations, and (c) urbanization and Carbon emanations. The findings recommended that government enforcement of renewable energy implementation should entail the introduction of cleaner production processes across the industries, so the level of environmental awareness helps the citizens in identifying the ecologically sustainable utilization patterns.
This preprint is available for download as a PDF.
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