CO2 behavior amidst the COVID-19 pandemic in the United Kingdom: The role of renewable and non-renewable energy development

被引:87
作者
Adebayo, Tomiwa Sunday [1 ]
AbdulKareem, Hauwah K. K. [2 ]
Bilal [3 ]
Kirikkaleli, Dervis [4 ]
Shah, Muhammad Ibrahim [5 ,6 ]
Abbas, Shujaat [7 ]
机构
[1] Cyprus Int Univ, Fac Econ & Adm Sci, Dept Business Adm, Via Mersin 10, Nicosia, North Cyprus, Turkey
[2] Kwara State Univ, Dept Econ & Dev Studies, Malete, Nigeria
[3] Hubei Univ Econ, Accounting Sch, Wuhan, Peoples R China
[4] European Univ Lefke, Dept Banking & Finance, Lefke, Turkey
[5] Univ Alberta, Dept Resource Econ & Environm Sociol REES, Edmonton, AB, Canada
[6] Univ Dhaka, Alma Mater Dept Econ, Dhaka, Bangladesh
[7] Ural Fed Univ, Grad Sch Econ & Management, Ekaterinburg, Russia
关键词
UK; COVID; CO2; Renewable; Fossil fuel; Nonlinear; ECONOMIC-GROWTH; CARBON EMISSIONS; SHORT-RUN; COINTEGRATION; CONSUMPTION;
D O I
10.1016/j.renene.2022.02.111
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The spread of the COVID-19 pandemic since the end of 2019 has forced an unprecedented lockdown worldwide, and environmental quality was significantly affected by the pandemic and its induced lockdown. The objective of this study is to examine the role of renewable energy, non-renewable energy and COVID-19 case on CO2 emission in the context of United Kingdom. Several non-linear techniques such as Fourier ADL cointegration test, Non-Linear ARDL, Markov switching regression, and Breitung and Candelon (BC) causality test are employed to attain this objective. The result reveals that there is long run cointegration among the variables in this study. The results demonstrate that positive (negative) shift in renewable energy development decrease (increase) CO2 emissions while positive (negative) shocks in fossil fuel energy increase CO2 emissions. Moreover, negative (positive) variation in COVID case leads to a decrease (increase) in CO2 emissions. Moreover, an uni-directional causal impact was found to run from all the variables - renewable energy, fossil fuel, and COVID-19 case to CO2 emissions. Finally, several policy recommendations are provided. (C) 2022 Published by Elsevier Ltd.
引用
收藏
页码:492 / 501
页数:10
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