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Environmental science and pollution research international
Sep, 2023;30 (44): 100114-100123.

The impact of public-private investment in energy on environmental degradation: evidence from major investment countries.

Mallesh Ummalla, Asharani Samal, Phanindra Goyari
Author Information
  1. Mallesh Ummalla: Centre for Economic Studies and Policy, Institute for Social and Economic Change, Bengaluru, 560072, India. mallesh.ummalla@gmail.com.
  2. Asharani Samal: School of Business, Woxsen University, Telangana, 502345, India.
  3. Phanindra Goyari: School of Economics, University of Hyderabad, Hyderabad, 500046, India.
PMID: 37624495 DOI: 10.1007/s11356-023-29443-3

Abstract

The objective of the present study is to explore the impact of public-private investment in energy, foreign direct investment, urbanization, and renewable and non-renewable energy consumption on environmental degradation in major investment countries during the period 1998Q4-2018Q4. In doing so, the cross-sectional dependence test and CIPS panel unit test were employed to identify the cross-sectionally dependency and the integrational properties/stationarity among the variables. Furthermore, we opted for Westerlund (2007) panel cointegration test to check the long-run association among the variables. To achieve the short-run and long-run elasticities, we have recommended cross-sectional-autoregressive distributive lag (CS-ARDL). The study outcomes revealed that public-private partnership in energy is negatively and significantly impacting CO emissions in both the short run and the long run. Furthermore, foreign direct investment and urbanization are negatively related to CO emissions, while renewable energy is positively affected it. However, the coefficients are insignificant. Moreover, non-renewable energy has a positive and substantial influence on CO emissions. Lastly, study outcomes offer several policy insights to develop investment in public and private partnerships in the energy sector to reduce CO emissions in major investment countries.

Keywords

CO2 emissions Foreign direct investment Public–private investment in energy Renewable energy consumption

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MeSH Term

Carbon Dioxide
Cross-Sectional Studies
Economic Development
Internationality
Renewable Energy
Investments

Chemicals

Carbon Dioxide
Journal Article
Article has an altmetric score of 2

Word Cloud

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