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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

2022-01Journal article Open access
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dc.contributor.authorAyobamiji, Awosusi Abraham
dc.contributor.authorMata, Mário Nuno
dc.contributor.authorAhmed, Zahoor
dc.contributor.authorCoelho, Manuel Francisco
dc.contributor.authorAltuntaş, Mehmet
dc.contributor.authorMoleiro Martins, José
dc.contributor.authorMartins, Jessica Nunes
dc.contributor.authorTaiwo ONIFADE, Stephen
dc.date.accessioned2022-02-16T14:52:41Z
dc.date.available2022-02-16T14:52:41Z
dc.date.issued2022-01
dc.descriptionArtigo publicado em revista científica internacionalpt_PT
dc.description.abstractUndoubtedly, 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.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationAwosusi, 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.2021.739721pt_PT
dc.identifier.doi10.3389/fenrg.2021.739721pt_PT
dc.identifier.urihttp://hdl.handle.net/10400.21/14303
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherResearch Institute of Innovative Technology for the Earth, Japanpt_PT
dc.relationProject UIDB/04521/2020 - FCTpt_PT
dc.relation.ispartofseries;739721
dc.relation.publisherversionhttps://www.frontiersin.org/articles/10.3389/fenrg.2021.739721/fullpt_PT
dc.subjectEnvironmental sustainabilitypt_PT
dc.subjectColombiapt_PT
dc.subjectGlobalizationpt_PT
dc.subjectRenewable energypt_PT
dc.subjectCO2 emissionspt_PT
dc.subjectGradual shift causality testpt_PT
dc.titleHow 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 approachpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage3pt_PT
oaire.citation.startPage1pt_PT
oaire.citation.titleFrontiers in Energy Researchpt_PT
oaire.citation.volume9pt_PT
person.familyNameAwosusi
person.familyNameMata
person.familyNameAhmed
person.familyNamealtuntaş
person.familyNameMoleiro Martins
person.familyNameMartins
person.familyNameONIFADE
person.givenNameAbraham
person.givenNameMário Nuno
person.givenNameZahoor
person.givenNamemehmet
person.givenNameJosé
person.givenNameJessica Nunes
person.givenNameStephen Taiwo
person.identifier1403614
person.identifier1485846
person.identifier1282544
person.identifier.ciencia-idFA13-1761-4192
person.identifier.ciencia-id5F1F-3C6C-A7BD
person.identifier.orcid0000-0002-3533-9181
person.identifier.orcid0000-0003-1765-4273
person.identifier.orcid0000-0001-7930-2746
person.identifier.orcid0000-0003-3133-2262
person.identifier.orcid0000-0001-6853-2917
person.identifier.orcid0000-0003-0091-7989
person.identifier.orcid0000-0003-1497-7835
person.identifier.scopus-author-id36008956400
person.identifier.scopus-author-id57213839932
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
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