Mohd Shahidan Shaari , Noorazeela Zainol Abidin , Miguel Angel Esquivias , Mohd Juraij Abd Rani , Temitayo Blessing Majekodunmi , Amri Sulong
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Analyzing the environmental impact of fuel switching: Evidence from ARDL analysis for policy considerations
The rise in global temperatures, driven by increased CO2 levels, is a pressing concern. Developing nations like Malaysia face challenges in transitioning to cleaner energy due to resource constraints, making natural gas a crucial transitional solution. This study introduces the Fuel Switch Variable to analyze the impact of shifting fuel consumption patterns on CO2. Using data from 1980 to 2020 and the ARDL model, findings show that policies promoting natural gas over oil and coal reduce CO2 emissions, while economic and population growth increase emissions. Policymakers should incentivize fuel switching, enforce energy efficiency standards, and invest in new technologies.
期刊介绍:
Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.