Agricultural Economic Growth, Renewable Energy Supply and CO2 Emissions Nexus

被引:5
作者
Aluwani, Tagwi [1 ]
机构
[1] Univ South Africa, Sch Agr & Life Sci, Dept Agr & Anim Hlth, ZA-1709 Johannesburg, South Africa
关键词
agricultural economic growth; renewable energy; economic growth; ARDL; South Africa; error correction model; KUZNETS CURVE HYPOTHESIS; TRADE OPENNESS; TIME-SERIES; SOUTH-AFRICA; UNIT-ROOT; CONSUMPTION; COINTEGRATION; ENVIRONMENT; GENERATION; IMPACT;
D O I
10.3390/economies11030085
中图分类号
F [经济];
学科分类号
02 ;
摘要
International trade has created more economic growth opportunities in the agriculture sector. The agricultural sector remains key to the South African economy, with a vibrant international market becoming available as the country's agriculture exports grow. However, the impacts of human-caused global warming have intensified as a result of increased greenhouse gas emissions, notably carbon dioxide (CO2), which negatively affects agricultural productivity and the economy. Considering the future energy resource demands for agricultural productivity due to the expected population growth and the emphasis on environmental remedial actions, the following question presents itself: what impact will a clean energy supply have on the agricultural economy and the environment, notwithstanding that agriculture, as a sector, also has a huge potential to contribute to renewable energy production? This study examines the effect of the nexus of South Africa's renewable energy supply, CO2 emissions and trade openness on agricultural economic growth from 1990 to 2021. The nexus provides crucial insights into policies targeted at promoting renewable energy in the agricultural sector by isolating key areas of priority. An autoregressive distributed lag (ARDL) bounds test, fully modified ordinary least square (FMOLS) test, a dynamic ordinary least square (DOLS) test and a canonical cointegrating regression (CCR) econometric analysis were used to estimate the nexus. The results showed that growth in the agricultural sector leads to deterioration in the environment, while international trade benefits the sector. The scale of renewable energy supply slowed down the agricultural economy. The study makes a new contribution in providing empirical evidence for the links between renewable energy supply and agricultural GDP, which can drive policy on renewable energy use in the agricultural sector in South Africa. The paper recommends intentional renewable energy production research and development (R&D) finance focusing on renewable energy human development planning and investments in vocational programmes in higher learning institutes, agricultural renewable energy policy and the creation of green incentive schemes for feedstock producers, especially in rural areas in the agricultural sector.
引用
收藏
页数:24
相关论文
共 142 条
  • [1] Economic performance of Indonesia amidst CO2 emissions and agriculture: a time series analysis
    Adebayo, Tomiwa Sunday
    Akinsola, Gbenga Daniel
    Kirikkaleli, Dervis
    Bekun, Festus Victor
    Umarbeyli, Sukru
    Osemeahon, Oseyenbhin Sunday
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2021, 28 (35) : 47942 - 47956
  • [2] Impact of renewable energy consumption, globalization, and technological innovation on environmental degradation in Japan: application of wavelet tools
    Adebayo, Tomiwa Sunday
    Kirikkaleli, Dervis
    [J]. ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2021, 23 (11) : 16057 - 16082
  • [3] Modeling CO2 emissions in South Africa: empirical evidence from ARDL based bounds and wavelet coherence techniques
    Adebayo, Tomiwa Sunday
    Odugbesan, Jamiu Adetola
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2021, 28 (08) : 9377 - 9389
  • [4] Does agricultural development induce environmental pollution in E7? A myth or reality
    Adedoyin, Festus Fatai
    Bein, Murad A.
    Gyamfi, Bright Akwasi
    Bekun, Festus Victor
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2021, 28 (31) : 41869 - 41880
  • [5] Afolabi Mutiu Adeniyi., 2022, ACTA U DANUBIUS OECO, V18, P112
  • [6] Environmental consequences of foreign direct investment influx and conventional energy consumption: evidence from dynamic ARDL simulation for Turkey
    Agboola, Phillips O.
    Hossain, Md Emran
    Gyamfi, Bright Akwasi
    Bekun, Festus Victor
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2022, 29 (35) : 53584 - 53597
  • [7] Ait-El-Mokhtar M., 2022, RES ANTHOLOGY ENV SO, P1195, DOI DOI 10.4018/978-1-6684-3686-8.CH058
  • [8] The state of renewable energy development in South Africa: An overview
    Akinbami, Olusola M.
    Oke, Samuel R.
    Bodunrin, Michael O.
    [J]. ALEXANDRIA ENGINEERING JOURNAL, 2021, 60 (06) : 5077 - 5093
  • [9] Heterogeneous effects of energy efficiency and renewable energy on economic growth of BRICS countries: A fixed effect panel quantile regression analysis
    Akram, Rabia
    Chen, Fuzhong
    Khalid, Fahad
    Huang, Guanhua
    Irfan, Muhammad
    [J]. ENERGY, 2021, 215
  • [10] Al Yousif Mohammed A, 2020, International Journal of Economics and Finance, V12, P1