Environmental concerns in the United States: Can renewable energy, fossil fuel energy, and natural resources depletion help?

被引:67
|
作者
Yi, Sun [1 ]
Abbasi, Kashif Raza [2 ]
Hussain, Khadim [3 ]
Albaker, Abdullah [4 ]
Alvarado, Rafael [5 ]
机构
[1] Anhui Univ Finance & Econ, Sch Finance, Bengbu, Peoples R China
[2] ILMA Univ, Fac Management Sci, Dept Business Adm, Karachi, Pakistan
[3] Mirpur Univ Sci & Technol MUST, Dept Econ, Mirpur 10250, Jammu and Kashm, Pakistan
[4] Univ Hail, Coll Engn, Dept Elect Engn, Hail 81451, Saudi Arabia
[5] Univ Espiritu Santo, Esai Business Sch, Samborondon 091650, Ecuador
关键词
Natural resources depletion; Renewable energy; Fossil fuel energy; Dynamic ARDL; ECONOMIC-GROWTH EVIDENCE; CO2; EMISSIONS; ECOLOGICAL FOOTPRINT; TIME-SERIES; GRANGER CAUSALITY; POLICY SHOCKS; CONSUMPTION; ROOT; COINTEGRATION; GLOBALIZATION;
D O I
10.1016/j.gr.2022.12.021
中图分类号
P [天文学、地球科学];
学科分类号
07 ;
摘要
The United States is the second-largest polluter in the world, producing 4.7 billion metric tonnes of car-bon dioxide in 2020. At the Leaders' Climate Summit, the US president outlined specific targets to tackle climate change, including a 50 to 52 percent reduction in net CO2 emissions from 2005 levels by 2030. Therefore, it is critical to pinpoint the key factors succumbing to the heightened commitment to accom-plishing the SDGs. The study explores the relationship between renewable energy, fossil fuel energy, nat-ural resources depletion, and globalization on CO2 emissions in the United States from 1980 to 2018 by employing the novel dynamic Autoregressive Distributed Lag (ARDL) simulations and Kernel-based Regularized Least Squares (KRLS) machine learning approach. The findings indicated that renewable energy has a positive long-term impact, suggesting that the United States has not yet reached a point where renewable energy sources are sufficient to reduce CO2 emissions. However, shock in fossil fuel energy increases CO2 emissions in the long run. The empirical findings reveal that natural resource deple-tion stimulates CO2 emissions in the short-and long run. Finally, globalization found no evidence to affect environmental pollution. The KRLS approach has confirmed the hypothesis substantially. The results sug-gest the growth of renewable energy and diminishing dependency on fossil fuel use; also, the manage-ment of ecological footprint could play an imperative role in environmental sustainability.(c) 2023 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.
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页码:41 / 55
页数:15
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