The effects of electricity consumption, economic growth, financial development and foreign direct investment on CO2 emissions in Kuwait

RENEWABLE & SUSTAINABLE ENERGY REVIEWS

卷:81

Review

Salahuddin, Mohammad^1,2  Alam, Khorshed²  Ozturk, Ilhan³  Sohag, Kazi⁴ 

[1] Wilfrid Laurier Univ, Balsillie Sch Int Affairs, Waterloo, ON N2L 6C2, Canada

[2] Univ Southern Queensland, Sch Commerce, Toowoomba, Qld 4350, Australia

[3] Cag Univ, Fac Econ & Adm Sci, Mersin, Turkey

[4] Univ Kebangsaan Malaysia, Fac Social Sci & Humanities, Inst Climate Change IPI, Bangi, Malaysia

关键词: Cointegration;    CO2 emissions;    Economic growth;    Energy consumption;    GCC countries;    Granger causality;   

DOI  :  10.1016/j.rser.2017.06.009

来源: Elsevier

【 摘 要 】

This study examined the empirical effects of economic growth, electricity consumption, foreign direct investment (FDI), and financial development on carbon dioxide (CO2) emissions in Kuwait using time series data for the period 1980-2013. To achieve this goal, we applied the autoregressive distributed lag (ARDL) bounds testing approach and found that cointegration exists among the series. Findings indicate that economic growth, electricity consumption, and FDI stimulate CO2 emissions in both the short and long run. The VECM Granger causality analysis revealed that FDI, economic growth, and electricity consumption strongly Granger-cause CO2 emissions. Based on these findings, the study recommends that Kuwait reduce emissions by expanding its existing Carbon Capture, Utilization, and Storage plants; capitalizing on its vast solar and wind energy; reducing high subsidies of the residential electricity scheme; and aggressively investing in energy research to build expertise for achieving electricity generation efficiency.

【 授权许可】

Free