Search

Carbon mitigation and net-zero targets have an important place on the political agenda for all countries. Countries have been seeking to decouple economic growth and carbon emissions to achieve decarbonization. However, there is a cost of the decarbonization of economies, which can be called as Green Sacrifice Ratio (GSR), and this is critical for developing countries because they have been in the growing stage. By considering the critical role of GSR in achieving net-zero emissions by decarbonizing economies, the study comparatively examines how much environmental quality should be sacrificed for per capita economic growth in China and India. In line with this purpose, the study uses the Fourier-Shin cointegration test and various time series estimators with Fourier approximations for the period from 1989/Q1 to 2022/Q4. Estimation results are as follows: (i) all variables follow the non-stationary process, (ii) the long-run relationship exists between variables, and (iii) Estimation results show that GSR is 0.65% for China and 0.78% for India. Therefore, China and India sacrifice a significant amount of environmental quality for a 1% increase in per capita income level. Also, the ecological cost of increasing economic welfare in India is higher with regard to China. Besides, the results are robust according to the alternative method. Thus, the study recommends that both Chinese and Indian policymakers should revise the economic expansion structure with green growth strategies to prevent irreversible environmental degradation due to higher economic growth. [ABSTRACT FROM AUTHOR]

To become the fastest-growing large economy in the world, India has set a target growth rate of 9%, reaching an economy of $5 trillion by 2024-25. It is an immense challenge to meet the growth target and keep the CO2 emissions under control. The present paper aims to discover the determinants for explaining CO2 emissions in India by conducting a complete decomposition analysis, where the residuals are fully distributed to the determinants for the country from 1990-2018. The analysis reveals that the biggest contributor to the rise in CO2 emissions in India is the expansion of the economy (scale effect). The intensity of CO2 and the change in the composition of the economy, which nearly move in tandem, also contribute to the rise in CO2 emissions, although more slowly. A declining energy intensity of the Indian economy is responsible for a considerable reduction in CO2 emissions. As a typical result for an upcoming economy, this paper did not find evidence for an environmental Kuznets curve. This implies that continued economic growth will lead to increased CO2 emissions. [ABSTRACT FROM AUTHOR]

This study investigates the association among economic growth, sustainable energy consumption and carbon emission with additional variables including fossil fuel energy consumption, natural gas and trade openness. The annual time‐series data from 1972 to 2019 is analysed using an auto‐regressive distributive lag model. Moreover, the novelty and robustness of the model are verified using dynamic ordinary least squares, and fully modified ordinary least squares. The results specify that except carbon emission model equation, there is co‐integration exists among variables. In terms of the outcomes in the long term, the consumption of fossil fuels has a notable impact on economic growth and natural gas, whereas the consumption of sustainable energy has a detrimental effect on economic growth. Interestingly, in the short run, sustainable energy consumption positively links with trade openness and economic growth. Furthermore, the VECM‐based Granger Causality detects a one‐way causal linkage of fossil fuel consumption, trade openness, carbon emissions and natural gas with economic growth. A bidirectional causality exists from carbon emission to fossil fuel consumption, suggesting a feedback hypothesis. The study provides a comprehensive understanding of the underlying variables. The policymakers can make decisions for the efficient functioning of energy markets, enhanced production of energy‐from‐waste material and environmental enforcement in India related to air pollution should be strengthened. [ABSTRACT FROM AUTHOR]

In this paper, we examine whether geopolitical risk influences environmental degradation, while controlling for non-renewable energy consumption, economic growth and trade openness, using a quarterly dataset from 1985Q1 to 2019Q4. The choice of India as a case study is based on a number of reasons. India is a developing country, which produces approximately 3.2% of global GDP. Also, India produces almost 17.7% of the world population. The country also emits about 6.8% of global carbon emissions, and according to the 2020 report of the consulting firm Eurasia, India is ranked fifth in terms of geopolitical risk. This study adds to the existing literature by using the quantile-on-quantile (QQR) regression to examine the effect of geopolitical risk on environmental degradation, as well as highlighting the implications of geopolitical risk on environmental sustainability. Based on empirical estimation, we find that geopolitical risk increases and decreases carbon emissions in India. That is, geopolitical risk increases environmental degradation at middle quantiles and decreases environmental degradation at lower and higher quantiles. In addition, we find that non-renewable energy consumption, economic growth and trade openness impede environmental quality in India. Thus, we are of the opinion that policymakers, when making policy decisions on environmental quality, should factor in geopolitical risk in two areas, mitigation and channel of escalation, among other policy suggestions. [ABSTRACT FROM AUTHOR]

In recent years, environmental issues have become controversial, and policymakers are discovering new predictors of carbon emissions. Some economists/researchers have advocated for fiscal decentralization to improve the quality of the environment by offering more financial authority to provincial/local and sub-national governments. Therefore, this work aims to inspect the effect of fiscal decentralization on economic growth and environmental quality in India by taking data from 1996 to 2021. This work applies both ARDL and NARDL econometric models for empirical examination. The findings of this study suggest that expenditure decentralization has asymmetric long-term and short-term consequences on economic growth, and carbon emission in India. The result of the asymmetric ARDL model also indicates that positive and negative shock in expenditure decentralization contrarily affects economic growth and carbon emission. Moreover, the positive and negative shock in revenue decentralization helps in reducing carbon emissions both in the long run and short run in India. These outcomes are useful for policy analysis from the Indian economic policy perspective. The study also laid out potential outcomes that may benefit India's local governments and central government in resolving the issues of economic growth and environmental degradation. [ABSTRACT FROM AUTHOR]

Developing nations aim to industrialize and grow sustainably often ignoring the environmental consequences. However, few empirical studies have looked at the influence of industrialization-driven economic transition on carbon footprint in developing nations using a non-parametric approach. In this milieu, on the ground of Kaya's identity and the novel multivariate quantile-on-quantile regression (QQR) (extension of Sim and Zhou's (2015) bivariate QQR model), the present research studies the impact of industrial value-added (IGVA), population, energy intensity, and carbon intensity on CO2 emissions in India. This study is one of the first in the literature to evaluate the industrialization-carbonization nexus in the context of Kaya's identity for the Indian economy utilizing an innovative multivariate QQR approach, which makes a methodological and empirical addition to the literature. The outcomes of the multivariate QQR technique demonstrate that economic and environmental development requires continual long-run strategies. The empirical findings revealed that there is no authentication that India's carbon emissions increased due to its industrialization, which exhibited that IGVA has a negative and significant connection with CO2 emissions. In some quantiles, population size positively impacts CO2 emissions. On the other hand, carbonization in the Indian economy is asymmetrically affected by GDP per capita and energy and carbon intensity. The quantile Granger causality study further supported the aforementioned results. The current analysis also offers policy suggestions for environmentally friendly sustainable economic growth and to achieve the sustainable development goals (SDGs) of India. [ABSTRACT FROM AUTHOR]

This study dynamically examines the impact of foreign direct investment and other explanatory variables on economic growth and carbon emissions, and tests the validity of pollution haven hypothesis (PHH) and environmental Kuznets curve (EKC) hypothesis in China, India, and Singapore from 1980 to 2020. The results of Westerlund's (Oxford Bulletin of Economics and Statistics, 69(6):709–748, 2007) panel cointegration test illustrate long-run equilibrium relationships among the proposed set of panel variables in the model. The estimated parameters of the AMG, CCEMG, and MG estimators in each of the specified models show that renewable and non-renewable energy consumption, foreign direct investment, and capital accumulation all have significant and progressive effects on economic growth. However, the labor force is insignificant and carbon emissions have a significant negative impact on economic growth. Non-renewable energy consumption significantly stimulates and renewable energy consumption significantly reduces carbon emissions. Moreover, the moderating role of non-renewable energy in the impact of foreign direct investment on carbon emissions is significantly positive, thus validating the PHH. The moderating role of renewable energy consumption in the impact of foreign direct investment on carbon emissions is significantly negative. The study's analysis also clearly validated the inverted U-shaped EKC hypothesis in China, India, and Singapore. Policymakers in emerging economies must prioritize the maturity of renewable energy, which not only increases productivity but also protects the environment from damage by reducing carbon dioxide emissions. The governments of China, India, and Singapore should initiate direct foreign inflows based on advanced and clean technologies to avoid environmental degradation and drive higher growth in these economies. [ABSTRACT FROM AUTHOR]

This paper reviews and assesses India's energy policy in the context of its commitment to achieve the target of net-zero carbon emissions by 2070. It emphasizes the central role of green electrification, particularly through the expansion of solar power capacity. It discusses policies outside the energy sector that need to be part of a strategy of achieving this target, including the use of information technology, infrastructure development, and transportation. Furthermore, it examines possible policy options for accelerating the target date to 2050, especially with the use of carbon capture to manage the transition from the current heavy use of coal. The paper also discusses the possible financial and growth implications of various strategy options, arguing that feasible external financing commitments can allow India to achieve net-zero goals without sacrificing economic growth. [ABSTRACT FROM AUTHOR]

The paper examines the impact of macroeconomic variables on CO2 emissions, very few research studies are available to estimate the asymmetric impact and causality. Because of the significance of asymmetries, this paper examines the asymmetric impact of economic growth, crude oil use, and FDI inflows on CO2 emissions in the India wherein COP (Crude oil price) is comprised as the extra variable. The implicate aggressive growth of selected variables over the period 1990–2020 is also assessed. This study uses the methodology ARDL and NARDL model to determine the macroeconomics variable's effects on CO2 emission over the period 1990-2020. Additionally, also applied the EKC (Environmental Kuznets Curve) hypothesis with an application of ARDL and NARDL model. With help of the ARDL and NARDL model, the study shows the results that a rise in economic growth would reduce CO2 (carbon dioxide) emissions while a decrease in economic growth would raise CO2 emissions which indicates an inverted U-shaped Curved relationship between economic growth and CO2 emissions. The positive and negative shockwaves in COP (crude oil prices) have a satisfactory and substantial impact on CO2 emissions as well. Besides, the crude oil consumption with positive shockwave confirmations has a positive and substantial impact on CO2 emission. In addition, the results of FDI inflows support the pollution heaven hypothesis. In light of these outcomes, this paper also recommended policy implications and future research, the policy implications are where the descending flow of FDI allows limited space to India in FDI selection; however, the existence of emission merging and implementation of carbon pricing may facilitate India in achieving its environmental targets. [ABSTRACT FROM AUTHOR]

This paper investigates the association among energy consumption, carbon‐dioxide emission, and India's economic growth along with supplemental variables including foreign direct investment, population density, inflation, and agricultural land. An autoregressive distributive lag model is applied over annual time‐series data from 1985 to 2019. Further, the robustness and novelty of the model are confirmed by applying fully modified ordinary‐least‐square, dynamic ordinary‐least‐square, canonical co‐integrating regression, variance decomposition, and impulse response function. The analysis results indicate that a cointegration association exists among variables. In the short run, the profound determinants of economic development are energy consumption, carbon‐dioxide emission, inflation, and agricultural land. In the long run, both inflation and agricultural land significantly negatively influence economic growth while carbon emission drives a positive impact. Interestingly, a one‐way Granger causality runs from economic growth towards energy consumption, carbon emission, and agricultural land. The new research presents a comprehensive understanding of economic growth indicators, aiding policymakers, and advancing existing literature. Consequently, as a recommendation, the policymakers should constitute explicit goals for renewable energy consumption to stimulate sustainable economic growth with carbon emission reduction. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this study is to examine the impact of economic growth, trade openness and manufacturing on CO2 emissions in India. Design/methodology/approach -- The study employed autoregressive distributive lag (ARDL) bounds test approach and uses CO2 emissions, trade, manufacturing and GDP per capita to examine the relationship using an annual time series data from World Development Indicators during 1971 to 2016. Findings -- Results depict that there exists a long-run relationship between CO2 emissions and other variables. Trade openness significantly reduces CO2 emissions, whereas manufacturing and GDP have a significant and positive impact on CO2 in the long run. Research limitations/implications -- The findings of the study contribute to the body of knowledge by providing new evidence on the relationship between developmental metrics and the environment. These findings are critical for policymakers and regulatory bodies to focus on economic development without jeopardizing environmental degradation. Practical implications -- In order to keep its commitment to sustainability, India needs to develop policies that encourage cleaner production methods and establishment of non-polluting industries. Simultaneously, it must disincentivize industries that emit CO2 by policy frameworks such as carbon taxes, pollution taxes or green taxes. Originality/value -- None of studies examine at how these environmental factors interact in India. Kilavuz and Dogan (2020) used the same variables, but their scope was limited to Turkey. As a result, the study is the first to examine this relationship for India, contributing to the body of knowledge on economic growth, manufacturing, trade openness and environmental concerns. [ABSTRACT FROM AUTHOR]

To examine the asymmetric effects of militarization on economic growth and environmental degradation, this empirical research analyzes annual data of Pakistan and India over the period 1985–2018 using the NARDL econometric model. The empirical results show significant positive militarization effects on economic growth, while non-militarization also shows positive effects on the economic growth in Pakistan and India. Estimation showed that a 1% increase in militarization (non-militarization) led to 8.818% (3.849%) increase in GDP growth, whereas a 1% increase in militarization (non-militarization) decreased carbon emissions by − 1.034% (− 0.225%) in the long run in Pakistan, while militarization has also decreased the carbon emissions − 0.337% in India in the long run. The relationship between militarization and economic growth has an asymmetry in Pakistan and India in the short and long run, while asymmetry also exists between militarization and CO2 in Pakistan and India in the short and long run. Our findings offer significant policy implications for promoting economic growth and environmental quality in Pakistan and India. [ABSTRACT FROM AUTHOR]

For India, achieving environmental sustainability in the midst of faster growth remains a challenging objective. Therefore, we are revisiting the nature of the Environmental Kuznets Curve (EKC) at different stages of economic growth through both necessary and sufficient conditions under the cubic model specifications in India. Further, we extend the EKC framework by incorporating energy consumption, agricultural value added, trade, the world uncertainty index, and geopolitical risk as additional variables into the three preferred disaggregated greenhouse gas emission (GHG) models. This study employs an auto-regressive distributed lag model (ARDL). The empirical findings show evidence of the valid N-shaped EKC through both necessary and sufficient conditions for carbon dioxide (CO 2) and nitrous oxide (N 2 O) and exhibit the presence of two real and distinct income turning points for both valid EKCs. In contrast, only the necessary condition supports the N-shaped EKC for methane (CH 4) emissions in India. Further, the results highlight that trade has a positive impact, whereas the world uncertainty index has a negative impact on disaggregated GHGs. Similarly, geopolitical risk has a negative effect on CH 4 and N 2 O, whereas energy consumption has a positive impact on CO 2 emissions. Moreover, agricultural value added has a negative effect on CH 4 and a positive effect on N 2 O emissions. Our empirical findings suggest policy recommendations that can collectively work as a roadmap for India to become emission-neutral by 2070. [ABSTRACT FROM AUTHOR]

Globally, all countries have producing different levels of carbon emissions and also facing both the problems of climate change and global warming due high carbon emissions in the atmosphere. Therefore, it is important to cutting carbon emissions in the atmosphere. This is only possible by switching to cleaner fuels, use of innovation technologies and development of carbon capture storages. These can substantially help the nations to reaching carbon neutrality. Given this background, t his paper examines the effect of disaggregated energy consumption, technological innovations, capital on economic output and CO 2 emissions in India for the period of 1990–2018. Based on empirical analysis, our long-run elasticities indicate that disaggregated energy consumption and technological innovations have a positive impact on economic growth, while renewable energy consumption and technological innovations have a positive impact on CO 2 emissions. It implies that more use of energy consumption producing significant amount of CO 2 emissions and by using renewable energy consumption and technological innovations (i.e. carbon capture storages) can significantly lowering CO 2 emissions, which is clearly indicating that India has moving towards carbon neutrality. The causality analysis further indicates a unidirectional causal relationship running from disaggregated energy usage to economic growth and carbon emissions. These empirical findings suggest that the increased consumption of renewable power does not lead to rise carbon emissions, which, in turn, ensures sustainable economic growth. • Examines the disaggregated energy consumption, technological innovations, capital on economic output and CO 2 emissions. • Time series data from 1990 to 2018 was used to analyze the empirical results. • Disaggregated energy consumption and technological innovations have a positive impact on economic growth. • Renewable energy consumption and technological innovations have a positive impact on CO 2 emissions. • Suggest that increased in consumption of renewable power does not lead to rise carbon emissions. [ABSTRACT FROM AUTHOR]

Added global carbon emissions have mainly come from China and India since 2012, which indicates importance of two countries in curbing global CO 2 emissions. Thus, their respective mitigation lessons have more realistic significance in developing more effective mitigation strategy. This study compared the dynamic evolution of their CO 2 emissions and driving factors behind changes, in order to find similarities and differences of two countries, and provide available policy implications to further reduce carbon emissions. Firstly, both China's and India's carbon emissions have been increasing during 2000-14: 3.4–9.9 Gt and 0.9–2.0 Gt, respectively. However, tendency of two countries varied differently: growth of China 's CO 2 have slowed down after the 2008 financial crisis, while India 's emissions were still accelerating at a high level on account of growing share of carbon-intensive energy in the whole energy structure. From the national and sectoral perspectives, both trends of carbon emissions from two countries have been analyzed. According to structural decomposition analysis, efficiency gains and slowdown of economic growth in China contributed to most decline of CO 2 but both production and consumption structures urged emissions up, while structure effects in India slightly reduced its CO 2 but low emission efficiency and expansion of trade scales caused growth of emissions. On this basis, firstly, China should optimize production structures by upgrading industries, while India should promote energy transformation and improve energy efficiencies. Secondly, strengthening cooperation and communications with developed countries with advanced technology and experience may make more progress in climate change for two countries. Experience and lessons of emission reduction deriving from the two would also provide references for other regions. Image 1 • Investigating CO 2 emissions of China and India for 2000–2014. • Explore main sources and sectors that dominated CO 2 emissions. • Improving efficiency and optimizing energy structure offset China's emission growth. • Optimizing its consumption structure offset India's emission growth. • Optimizing their consumption structure should be considered in China and India. [ABSTRACT FROM AUTHOR]