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The impact of energy depletion and renewable energy on CO2 emissions in Thailand: Fresh evidence from the novel dynamic ARDL simulation.

Abbasi, K.R., Adedoyin, F. F., Abbas, J. and Hussain, K., 2021. The impact of energy depletion and renewable energy on CO2 emissions in Thailand: Fresh evidence from the novel dynamic ARDL simulation. Renewable Energy, 180 (December), 1439 - 1450.

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DOI: 10.1016/j.renene.2021.08.078

Abstract

Thailand's Nationally Determined Contribution (NDC) intends to minimize CO2 emissions by 20–25%. Similarly, to focus on achieving the Paris Agreement's long-term target of remaining well below 2 °C, aggressive mitigation steps are necessary beyond 2030. Given the importance, the study examines the impact of energy depletion rate, renewable energy consumption, depletion rate of non-renewable energy, and GDP on CO2 emissions in Thailand from 1980 to 2018. The research using a novel dynamic ARDL simulations model [1] and frequency domain causality (FDC) test. The empirical outcomes indicate that the pace of depletion has a significant adverse impact on CO2 emissions both in the long run and short run. Additionally, we found that renewable energy has a negative and statistically significant impact on CO2 emissions in the short run. However, the depletion rate of non-renewable energy and GDP revealed a positive and statistically substantial effects on CO2 emissions in the short and long run. Also, the FDC test confirmed the short, medium, and long-run causality among DR, RE, DRNRE, and CO2 emission. The findings show that without a radical shift in Thailand's economic environment and energy infrastructure, the nation will have to face high costs in decreasing its CO2 emission.

Item Type:Article
ISSN:0960-1481
Group:Faculty of Science & Technology
ID Code:36057
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:28 Sep 2021 09:20
Last Modified:28 Sep 2021 09:20

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