Energy efficiency and China's sustainable carbon neutrality target: evidence from novel research methods quantile on quantile regression approach

Ekonomska Istraživanja

Diogo Ferraz¹  Daisy Aparecida do Nascimento Rebelatto²  Zongke Bao³ 

[1] Economics, Hangzhou, China;Department of Economics (DEECO), Federal University of Ouro Preto (UFOP), Rua do Catete, Mariana, Brazil;;School of Accounting, Zhejiang University of Finance &

关键词: Energy efficiency;    economic growth;    greenhouse gas;    emissions;    quantile-on-quantile regression;    frequency domain causality;   

DOI  :  10.1080/1331677X.2022.2054456

来源: DOAJ

【 摘 要 】

Since the last few decades, scholars and policy-makers have been struggling to find ways to achieve carbon neutrality target or a low carbon economy. To contribute to the existing literature regarding the said issue, this study aims to investigate whether energy efficiency could lead to achieving carbon neutrality target in the case of China. Also, this study analyses the association of economic growth to energy-related greenhouse gas emissions while using quarterly data over the period from 1990Q1 to 2014Q2. Empirical findings of the study suggest the mixed order of integration and Cointegration between economic growth, energy efficiency, and energy-related greenhouse gas emissions. This study employed a Quantile-on-Quantile regression approach to examine the long-run association at various quantiles. The estimated results asserted that energy efficiency holds a weaker relationship in the lower and medium quantiles, while relatively higher association to energy-related emission in the upper quantiles. On the other hand, economic growth and its squared are found significantly and highly associated with enhancing energy-related emissions in the country. Besides, the frequency domain causality indicates a causal association running from energy efficiency and economic growth to energy-related greenhouse gas emissions. This study recommends revised policies for energy efficiency and suggests that economic growth could be used as a remedial measure for environmental recovery by enhancing investment in the renewable energy sector, energy efficiency, and structural transformation of the industrial sector.

【 授权许可】

Unknown