DOES USAGE OF INEFFICIENT ENERGY RESOURCES HARM THE ENVIRONMENT IN SAARC REGION? THE IMPACT OF RENEWABLE AND NON-RENEWABLE ENERGY CONSUMPTION USING PANEL DATA TECHNIQUES
Keywords:
inefficient energy resources, non-renewable energy usage, renewable energy consumption, panel data techniques, SAARC RegionAbstract
The purpose of this study is to analyze the inefficient usage of energy resources in the SAARC region. For this study, the panel data are collected for the year from 1995 to 2021. Panel Padroni Co-integration Test and Fully-Modified Ordinary Least Square test have been incorporated in order to get the desired results. The empirical findings reveal the existence of a significant influence of fossil fuel energy consumption and population growth on the environment of SAARC region. However, the impact of renewable energy consumption is found negative. As a policy option, fossil fuel energy consumption is needed to be reduced for a better and healthy living society.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
