A time-varying approach to the nexus between environmental related technologies, renewable energy consumption and environmental sustainability in South Africa
Domaine:
environment and energyclimateType de record:
paper
Créateur:
TomSolKar
Éditeur:
Spr
Hôte:
Abstract Ecological degradation is a major challenge for all nations. The problem is particularly worrying for South Africa, which has recently suffered from various ecological catastrophes. Thus, the empirical study evaluates the nexus between CO 2 emissions and financial development, renewable energy, economic growth and environmental-related technologies in South Africa utilizing data between 1980 and 2020. We employed autoregressive distributed lag (ARDL) and time-varying causality to evaluate these connections. The results from the ARDL show that financial development and environmental-related technologies lessen CO 2 emissions while economic progress intensifies CO 2 emissions. Surprisingly, renewable energy does not mitigate CO 2 emissions. Furthermore, the time-varying causality shows that all the independent variables can forecast CO 2 emissions at different sub-periods. Finally, our results are resilient to various policy ramifications useful in reducing CO 2 emissions and associated adverse ecological consequences.
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