Do Energy Resources matter for Growth Level? The dynamic effects of different strategies of renewable energy, carbon emissions on sustainable economic growth (year 2022)

This study examines the association between renewable energy strategies and carbon emissions on sustainable economic growth under affordable and clean energy sources to achieve sustainable development goal seven. This research provides new insight by exploring the nexus between environmental pollution and the creation of numerous bases of renewable energies, such as hydropower, wind power, biomass, geothermal, and solar photovoltaic, and economic growth epitomizing capital, trade openness, and government spending. Moreover, this investigation uses second-generation devices for econometric investigation and a heterogeneous methodology for panel data for selected Asian countries. The empirical exploration of long-term influences drove by the Common Correlated Effects Mean Group, close by Augmented Mean Group and Mean Group assessors confirm the positive and significant influence of renewable energy like hydropower, solar photovoltaic, wind, biomass, and geothermal on the economic growth of Asian economies. Study findings provide valuable insights for all stakeholders in an integrated and coherent manner. Graphical abstract: [Figure not available: see fulltext.]. © 2022, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.