Increasing ecological sustainability using the combinations of technologies to produce power

被引:0
|
作者
Huo, Weidong [1 ]
Zulfiqar, Muhammad [1 ]
Parveen, Shahida [2 ]
Ullah, Muhammad Rizwan [3 ]
Chand, Ahmed [4 ]
机构
[1] Liaoning Univ, Sch Finance & Trade, Shenyang, Peoples R China
[2] Govt Coll Women Univ, Dept Business Adm, Faisalabad, Pakistan
[3] Govt Coll Univ, Lyallpur Business Sch, Faisalabad, Pakistan
[4] North China Elect Power Univ, Sch Econ & Management, Beijing, Peoples R China
关键词
Environment sustainability; Hybrid energy technologies; Solar photovoltaic system; Circular economy; RENEWABLE ENERGY-CONSUMPTION; ECONOMIC-GROWTH EVIDENCE; ENVIRONMENTAL IMPACTS; CARBON EMISSIONS; HYBRID SOLAR; SYSTEM; WIND; OPTIMIZATION; DESIGN; EUROPE;
D O I
10.1016/j.heliyon.2023.e20567
中图分类号
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号
07 ; 0710 ; 09 ;
摘要
The study attempts to analyze the impact of hybrid energy systems on environmental sustain-ability in the context of the circular economy network. The hybrid energy sources follow the principle of circular economy, which aims to reduce raw material use and waste which is very fruitful in promoting environmental sustainability. However, the study uses quarterly data from Pakistan from 2011Q1 to 2020Q4 to accomplish the proposed study objective. The study con-structs 5 hybrid systems of energy to analyze the impact and applies Auto Regressive Distributive Lag Model (ARDL) to estimate the results. It is found that electricity generation through solar photovoltaic (SPV), wind turbine (WND), hydroelectricity (HYDE) and nuclear power generation (NPG) play a positive role in increasing environment sustainability. The results explain that SPV, NPG, and HYDE contribute 2.29%, 2.04%, and 0.42% to environmental sustainability, respectively. Hybrid systems of energy (Hybrid 1,2,3,4 and 5) positively impact ecological sustain-ability, but the intensity of each hybrid system in sustaining the environment is different. Among five hybrid systems, the hybrid-5 (SPV-WND-HYDE-NPG) energy system is more environmentally friendly and has the highest contribution towards environmental sustainability. The study suggests incorporating hybrid energy systems provides the means of transition toward a circular economy, ultimately promoting ecological sustainability. The study proposes to the officials of the Pakistani government and policymakers to initiate effective policies to encourage hybrid energy systems because the significance of hybrid systems ensures a low carbon economy and makes a path towards sustainable economic development.
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页数:13
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