The Impact of Renewable Energy Consumption, Economic Growth, Globalization, and Financial Development on Carbon Dioxide Emissions: Evidence from Selected G7 Economies
Bibliographic record
Abstract
The aggregate upsurge in carbon dioxide emissions (CO2) witnessed through environmental degradation and global climate change is a call for great concern. This, therefore, calls for the enactment, utilization and implementation of provisions and policies geared towards curbing this global economic bad without impeding global economic growth rates. This study ascertains the extent to which renewable energy consumption (REC), economic growth (GDP), population growth (POP), globalization (GLO), and financial development (FD) affect carbon dioxide emissions (CO2) in selected G7 economies (France, Germany, Canada, Italy, and the United Kingdom) from 1990–2020. The Dynamic Fixed Effect Autoregressive Distributive Lag (DFE-ARDL) and the Pooled Mean Group ARDL (PMG-ARDL) methods were employed for analysis. The empirical findings for DFE-ARDL showed that REC, GDP, and POP have an adverse association with CO2 in the long-term. However, in the short-term, REC and FD improve the environment, while GDP and POP drive CO2. It is observed that the result for REC in the short and long-run is consistent. The PMG-ARDL results revealed that REC and GLO negatively affect CO2 in the long-run, and in the short-run, GDP spurs CO2, while FD reduces it. The result summary of both methods employed demonstrates that REC, GLO, and FD benefit the environment. At the same time, GDP and POP harm the environment in the short-run but reduce CO2 in the long-run. Conclusively, the research recommends increasing the utilization of renewable energy and policies that enable economic growth and CO2 to move in the opposite direction.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.001 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".