How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach

Detalhes bibliográficos
Autor(a) principal: Ayobamiji, Awosusi Abraham
Data de Publicação: 2022
Outros Autores: Mata, Mário Nuno, Ahmed, Zahoor, Coelho, Manuel Francisco, Altuntaş, Mehmet, Moleiro Martins, José, Martins, Jessica Nunes, Taiwo ONIFADE, Stephen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.21/14303
Resumo: Artigo publicado em revista científica internacional
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spelling How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approachEnvironmental sustainabilityColombiaGlobalizationRenewable energyCO2 emissionsGradual shift causality testArtigo publicado em revista científica internacionalUndoubtedly, fossil fuel energy consumption causes global warming. The question at the core is whether or not we want to quit energy consumption? The obvious answer to this question is “no.” Therefore, the necessity for innovation is curial to attain green energy and sustainable growth. This research specifically focused on Colombia, which represents the aforementioned threats to a large extent as the trajectory of economic expansion is characterized by significant CO2 emissions in Colombia. In this regard, we examine the association between globalization, renewable energy, natural resources rent, economic growth, and CO2 emissions from 1970 to 2017. The cointegration test confirmed a long association between the considered variables. This study employed the Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Autoregressive Distributed Lag estimators for the long-run analysis. The long-run empirical results uncovered growth-induced emissions in Colombia. The result illustrated that the path of development is unsustainable in Columbia. In contrast, globalization and renewable energy demonstrated a favorable contribution to environmental quality. The outcomes of the Gradual Shift Causality indicated that globalization, natural resource rent, and economic growth Granger cause CO2 emissions. The findings highlight the need to enact well-coordinated measures to reduce environmental deterioration in Colombia. Colombia must aggressively promote the development of renewable energy and also foster a better viable environment for renewable energy investment to mitigate environmental damage caused by economic growth.Research Institute of Innovative Technology for the Earth, JapanRCIPLAyobamiji, Awosusi AbrahamMata, Mário NunoAhmed, ZahoorCoelho, Manuel FranciscoAltuntaş, MehmetMoleiro Martins, JoséMartins, Jessica NunesTaiwo ONIFADE, Stephen2022-02-16T14:52:41Z2022-012022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.21/14303engAwosusi, A. A., Mata, M. N., Ahmed, Z., Coelho, M. F., Altuntaş, M., Martins, J. M., Martins, J. N., & Onifade, S. T. (2022). How Do Renewable Energy, Economic Growth and Natural Resources Rent Affect Environmental Sustainability in a Globalized Economy? Evidence From Colombia Based on the Gradual Shift Causality Approach. Frontiers in Energy Researsch, 9, 739721. doi: 10.3389/fenrg.2021.73972110.3389/fenrg.2021.739721info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-08-03T10:10:16Zoai:repositorio.ipl.pt:10400.21/14303Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:22:07.795812Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
title How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
spellingShingle How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
Ayobamiji, Awosusi Abraham
Environmental sustainability
Colombia
Globalization
Renewable energy
CO2 emissions
Gradual shift causality test
title_short How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
title_full How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
title_fullStr How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
title_full_unstemmed How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
title_sort How do renewable energy, economic growth and natural resources rent affect environmental sustainability in a globalized economy? Evidence from Colombia based on the gradual shift causality approach
author Ayobamiji, Awosusi Abraham
author_facet Ayobamiji, Awosusi Abraham
Mata, Mário Nuno
Ahmed, Zahoor
Coelho, Manuel Francisco
Altuntaş, Mehmet
Moleiro Martins, José
Martins, Jessica Nunes
Taiwo ONIFADE, Stephen
author_role author
author2 Mata, Mário Nuno
Ahmed, Zahoor
Coelho, Manuel Francisco
Altuntaş, Mehmet
Moleiro Martins, José
Martins, Jessica Nunes
Taiwo ONIFADE, Stephen
author2_role author
author
author
author
author
author
author
dc.contributor.none.fl_str_mv RCIPL
dc.contributor.author.fl_str_mv Ayobamiji, Awosusi Abraham
Mata, Mário Nuno
Ahmed, Zahoor
Coelho, Manuel Francisco
Altuntaş, Mehmet
Moleiro Martins, José
Martins, Jessica Nunes
Taiwo ONIFADE, Stephen
dc.subject.por.fl_str_mv Environmental sustainability
Colombia
Globalization
Renewable energy
CO2 emissions
Gradual shift causality test
topic Environmental sustainability
Colombia
Globalization
Renewable energy
CO2 emissions
Gradual shift causality test
description Artigo publicado em revista científica internacional
publishDate 2022
dc.date.none.fl_str_mv 2022-02-16T14:52:41Z
2022-01
2022-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.21/14303
url http://hdl.handle.net/10400.21/14303
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Awosusi, A. A., Mata, M. N., Ahmed, Z., Coelho, M. F., Altuntaş, M., Martins, J. M., Martins, J. N., & Onifade, S. T. (2022). How Do Renewable Energy, Economic Growth and Natural Resources Rent Affect Environmental Sustainability in a Globalized Economy? Evidence From Colombia Based on the Gradual Shift Causality Approach. Frontiers in Energy Researsch, 9, 739721. doi: 10.3389/fenrg.2021.739721
10.3389/fenrg.2021.739721
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Research Institute of Innovative Technology for the Earth, Japan
publisher.none.fl_str_mv Research Institute of Innovative Technology for the Earth, Japan
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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