Faculty of Economics and Administrative Science, Department of Business Administration, Cyprus International University, 99040, Nicosia, Northern Cyprus, Turkey.
Environ Sci Pollut Res Int. 2022 Aug;29(40):61307-61322. doi: 10.1007/s11356-022-20008-4. Epub 2022 Apr 19.
Energy is unquestionably necessary for economic progress; nevertheless, it also produces CO emissions, which are the primary cause of climate change and environmental degradation. Renewable energy, which consists of non-carbohydrate energy sources that do not or seldom emit emissions, can assist the accomplishment of both ecological sustainability and sustainable development in this respect. Against this background, this paper takes into account political risk and assesses the impact of renewable energy use on CO emissions in Canada from 1990 to 2018 controlling economic growth and trade globalization. The present research utilized an innovative dynamic ARDL method that overcomes the limitations of the ARDL method. The results revealed significant evidence of cointegration. In the long run, we established that a surge in economic growth, political risk, renewable energy use, and trade globalization mitigates environmental degradation. Furthermore, the outcomes of the frequency domain causality disclosed that in the long term, economic growth, political risk, renewable energy use, and trade globalization can predict CO emissions in Canada. Since the political stability in Canada has helped to attract foreign firms to invest. Therefore, ensuring political stability will bring in more foreign investment, forcing the Canadian government to take its climate crisis problem more seriously.
能源对于经济发展无疑是必要的；然而，它也会产生二氧化碳排放，这是气候变化和环境恶化的主要原因。可再生能源由非碳水化合物能源组成，它们很少或不排放排放物，可以帮助实现生态可持续性和可持续发展。有鉴于此，本文考虑了政治风险，并评估了 1990 年至 2018 年加拿大在控制经济增长和贸易全球化的情况下使用可再生能源对二氧化碳排放的影响。本研究采用了一种创新的动态 ARDL 方法，克服了 ARDL 方法的局限性。结果显示出显著的协整证据。从长期来看，我们发现经济增长、政治风险、可再生能源使用和贸易全球化的增长都可以缓解环境恶化。此外，频率域因果关系的结果表明，从长期来看，经济增长、政治风险、可再生能源使用和贸易全球化可以预测加拿大的二氧化碳排放。由于加拿大的政治稳定有助于吸引外国公司投资。因此，确保政治稳定将吸引更多的外国投资，迫使加拿大政府更加重视其气候危机问题。
