Examining the Impact of Energy Policies on CO2 Emissions with Information and Communication Technologies and Renewable Energy

Abstract

The world today presents significant environmental concerns for humans, such as smog and warmer temperatures, but we also need to think about how to accomplish economic growth that is sustainable. Therefore, this exploration researches the asymmetric effect of renewable energy consumption, economic growth and financial development on carbon emanation in the emerging economies. For this reason, this investigation uses Panel ARDL and PMG estimator. The consequences of PMG estimator demonstrate that information and communication technologies reduce the carbon emanations in the sample region. Additionally, renewable energy consumption also impedes the carbon emanations. The results also suggest that financial development additionally builds the carbon emissions but the impact is very minor. Finally, economic growth and population are also contributing toward carbon emissions. The power effective recommendation is vital to present the ICT assistance to confine the utilization of obsolete machinery for power generation.