Energy Consumption, Economic Growth and the Environmental Degradation in Asian Countries

Abstract

Environmental pollution is an emerging issue in Asian countries. It affects quality of life and is dangerous for human life. It has been observed that carbon emissions from Asian countries are speedily increasing. The major factors causing environmental degradation are GDP per capita, industrialization, urbanization, and energy use. This study is an effort to highlight the causes of environmental degradation in eight Asian countries by using 10 years of data. Moreover, the study has used the fixed effect method to highlight the significance of major causes of environmental degradation in the concerned economies. Results show that urban population, energy consumption, economic growth, and financial development increase carbon emission CO2 (i.e., environmental degradation) in Asian countries. The result suggested that the Government must reduce the carbon emission level in these countries and must provide a better environment to the population.