[go: up one dir, main page]
More Web Proxy on the site http://driver.im/ Skip to main content

Advertisement

Springer Nature Link
Log in

RETRACTED ARTICLE: The asymmetric effects of renewable energy consumption and trade openness on carbon emissions in Sweden: new evidence from quantile-on-quantile regression approach

  • Research Article
  • Published:
Environmental Science and Pollution Research Aims and scope Submit manuscript

This article was retracted on 06 July 2024

This article has been updated

Abstract

With the passage of time, the continued burning of fossil fuels is proving to be one of the world’s most serious issues. In response, the current research aims to assess the critical linkage between carbon emissions and renewable energy, trade openness, and economic growth in Sweden utilizing a dataset from 1965 to 2019. The study applied the novel quantile-on-quantile regression (QQ) approach to assess this relationship. The main objectives are to address the following questions: (i) What are the effects of trade openness on CO2 emissions in each quantile? (ii) Does renewable energy consumption mitigates CO2 emissions in each quantile? What is the impact of economic growth on CO2 emissions in each quantile? The outcomes from the QQ approach revealed that at low and medium quantiles (0.1–0.6), the effect of trade openness on CO2 emissions is negative. Furthermore, at lower and higher quantiles (0.1–0.90) of combination of renewable energy consumption and CO2 emissions, the effect of renewable energy consumption on CO2 emissions is negative. Finally, at majority of the quantiles, the effect of economic growth on CO2 emissions is negative. Moreover, the present study applied the quantile regression (QR) approach as a robustness check. The findings of the QR validate the findings of the QQR approach. The study proposes that policy-makers in Sweden should place greater emphasis on raising public awareness regarding the issues of renewable energy since it mitigates environmental degradation.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Subscribe and save

Springer+ Basic
£29.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Price includes VAT (United Kingdom)

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2
Fig. 3
Fig. 4

Similar content being viewed by others

Explore related subjects

Discover the latest articles, news and stories from top researchers in related subjects.

Availability of data

Data is readily available at https://data.worldbank.org/country/Sweden.

Change history

References

  • Adebayo TS (2020) Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches. SN Appl Sci 2(12):1–15

    Article  Google Scholar 

  • Adebayo TS, & Kirikkaleli D (2021). Impact of renewable energy consumption, globalization, and technological innovation on environmental degradation in Japan: application of wavelet tools. Environ Dev Sustain 1-26.

  • Afshan S, Sharif A, Nassani AA, Abro MM, Batool R, Zaman K (2021) The role of information and communication technology (internet penetration) on Asian stock market efficiency: evidence from quantile-on-quantile cointegration and causality approach. Int J Financ Econ 26(2):2307–2324

    Article  Google Scholar 

  • Ahmed Z, Adebayo TS, Udemba EN, & Kirikkaleli D (2021). Determinants of consumption-based carbon emissions in Chile: an application of non-linear ARDL. Environ Sci Pollut Res 1-15.

  • Akinsola GD, Adebayo TS (2021) Investigating the causal linkage among economic growth, energy consumption and CO2 emissions in Thailand: an application of the wavelet coherence approach. Int J Renew Energy Dev 10(1):17–26

    Article  Google Scholar 

  • Al-mulali U, Sheau-Ting L (2014) Econometric analysis of trade, exports, imports, energy consumption and CO2 emission in six regions. Renew Sust Energ Rev 33:484–498

    Article  Google Scholar 

  • Alola AA, Asongu SA, Agboola MO, Bekun FV (2020) The criticality of growth, urbanization, electricity and fossil fuel consumption to environment sustainability in Africa. Sci Total Environ 712:136376

    Article  Google Scholar 

  • Álvarez-Herránz A, Balsalobre D, Cantos JM, Shahbaz M (2017) Energy innovations-GHG emissions nexus: fresh empirical evidence from OECD countries. Energy Policy 101:90–100

    Article  Google Scholar 

  • Apergis N, Payne JE (2012) Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model. Energy economics 34(3):733–738

    Article  Google Scholar 

  • Ayobamiji AA, Kalmaz DB (2020) Reinvestigating the determinants of environmental degradation in Nigeria. Inter J Econ Policy Emerg Economie 13(1):52–71

    Google Scholar 

  • Awosusi AA, Kirikkaleli D, Adebayo TS, Akinsola GD, & Mwamba MN (2021). Can CO 2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis. Environ Sci Pollut Res 1-16.

  • Baloch MA, Ozturk I, Bekun FV, Khan D (2021) Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: does globalization matter? Bus Strateg Environ 30(1):176–184

    Article  Google Scholar 

  • Bazarcheh Shabestari N (2018) Energy consumption, CO2 emissions and economic growth: Sweden’s case. Soc Sci 2(1):32–43

    Google Scholar 

  • Bekun FV, Rauf A, Liu X, Amin W, Rehman OU, Li J, Ahmad F (2020) Does sustainable growth, energy consumption and environment challenges matter for Belt and Road Initiative feat? A novel empirical investigation. J Clean Prod 262:121344

    Article  Google Scholar 

  • Bilgili F, Koçak E, Bulut Ü (2016) The dynamic impact of renewable energy consumption on CO2 emissions: a revisited environmental Kuznets curve approach. Renew Sust Energ Rev 54:838–845

    Article  Google Scholar 

  • BP (2020) British Petroleum. Available online: https://www.bp.com/en/global/corporate/energyeconomics/statistical-review-of-world-energy/co2-emissions.html. Accessed on 29 May 2021

  • Brock WAWD, Dechert WD, Scheinkman JA, LeBaron B (1996) A test for independence based on the correlation dimension. Econ Rev 15(3):197–235

    Article  Google Scholar 

  • Cleveland WS (1979) Robust locally weighted regression and smoothing scatterplots. J Am Stat Assoc 74(368):829–836

    Article  Google Scholar 

  • Dogan E, Seker F (2016) The influence of real output, renewable and non-renewable energy, trade and financial development on carbon emissions in the top renewable energy countries. Renew Sustain Energy Rev 60:1074–1085

    Article  Google Scholar 

  • Dogan E, Ulucak R, Kocak E, Isik C (2020) The use of ecological footprint in estimating the environmental Kuznets curve hypothesis for BRICST by considering cross-section dependence and heterogeneity. Sci Total Environ 723:138063

    Article  CAS  Google Scholar 

  • Grossman GM, Krueger AB (1995) Economic growth and the environment. Q J Econ 110(2):353–377

    Article  Google Scholar 

  • Halicioglu F (2009) An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey. Energy Policy 37(3):1156–1164

    Article  Google Scholar 

  • He L, Shen J, Zhang Y (2018) Ecological vulnerability assessment for ecological conservation and environmental management. J Environ Manage 206:1115–1125. https://doi.org/10.1016/j.jenvman.2017.11.059

    Article  Google Scholar 

  • He X, Adebayo TS, Kirikkaleli D, Umar M (2021) Consumption-based carbon emissions in Mexico: an analysis using the dual adjustment approach. Sustain Prod Consump 27:947–957

    Article  Google Scholar 

  • Joshua U, Bekun FV (2020) The path to achieving environmental sustainability in South Africa: the role of coal consumption, economic expansion, pollutant emission, and total natural resources rent. Environ Sci Pollut Res 27(9):9435–9443

    Article  Google Scholar 

  • Kasman A, Duman YS (2015) CO2 emissions, economic growth, energy consumption, trade and urbanization in new EU member and candidate countries: a panel data analysis. Econ Model 44:97–103

    Article  Google Scholar 

  • Kasperowicz R (2015) Economic growth and CO2 emissions: the ECM analysis. J Int Stud 8(3):91–98

    Google Scholar 

  • Kihombo S, Ahmed Z, Chen S, Adebayo TS, Dervis K (2021) Linking financial development, economic growth, and ecological footprint: what is the role of technological innovation? Environ Sci Pollut Res 1–14. https://doi.org/10.1007/s11356-021-14993-1

  • Kirikkaleli D, Adebayo TS (2020) Do renewable energy consumption and financial development matter for environmental sustainability? New global evidence. Sustain Develop 29(4):583–594

    Article  Google Scholar 

  • Kirikkaleli D, Adebayo TS (2021) Do public-private partnerships in energy and renewable energy consumption matter for consumption-based carbon dioxide emissions in India?. Environ Sci Pollut Res 1–14

  • Kirikkaleli D, Adebayo TS, Khan Z, Ali S (2021) Does globalization matter for ecological footprint in Turkey? Evidence from dual adjustment approach. Environ Sci Pollut Res 28(11):14009–14017

    Article  Google Scholar 

  • Lawal AI, Ozturk I, Olanipekun IO, Asaleye AJ (2020) Examining the linkages between electricity consumption and economic growth in African economies. Energy 208:118363

    Article  Google Scholar 

  • Li J, Hu Z, Shi V, Wang Q (2021a) Manufacturer’s encroachment strategy with substitutable green products. Int J Prod Econ 235:108102. https://doi.org/10.1016/j.ijpe.2021.108102

  • Li X, Li Z, Jia T, et al (2021b) The sense of community revisited in Hankow, China: Combining the impacts of perceptual factors and built environment attributes. Cities 111:103108. https://doi.org/10.1016/j.cities.2021.103108

    Article  Google Scholar 

  • Lin B, Moubarak M (2014) Renewable energy consumption–economic growth nexus for China. Renew Sust Energ Rev 40:111–117

    Article  Google Scholar 

  • Liu JL, Ma CQ, Ren YS, Zhao XW (2020) Do real output and renewable energy consumption affect CO2 emissions? Evidence for selected BRICS countries. Energies 13(4):960

    Article  Google Scholar 

  • Miao R, Ma J, Liu Y, et al (2019) Variability of aboveground litter inputs alters soil carbon and nitrogen in a coniferous–broadleaf mixed forest of Central China. Forests 10:188. https://doi.org/10.3390/f10020188

  • Mutascu M (2018) A time-frequency analysis of trade openness and CO2 emissions in France. Energy Policy 115:443–455

    Article  Google Scholar 

  • Mutascu M, Sokic A (2020) Trade openness-CO 2 emissions nexus: a wavelet evidence from EU. Environ Model Assess 1–18

  • Musah M, Kong Y, Mensah IA, Li K, Vo XV, Bawuah J, Donkor M (2021) Trade openness and CO2 emanations: a heterogeneous analysis on the developing eight (D8) countries. Environ Sci Pollut Res 1–16

  • Nathaniel SP, Iheonu CO (2019) Carbon dioxide abatement in Africa: the role of renewable and non-renewable energy consumption. Sci Total Environ 679:337–345

    Article  CAS  Google Scholar 

  • Odugbesan JA, Rjoub H (2020) Relationship among economic growth, energy consumption, CO2 emission, and urbanization: evidence from MINT countries. Sage Open 10(2):2158244020914648

    Article  Google Scholar 

  • Odugbesan JA, Adebayo TS (2021) Modeling CO 2 emissions in South Africa: empirical evidence from ARDL based bounds and wavelet coherence techniques. Environ Sci Pollut Res 28(8):9377–9389

    Article  Google Scholar 

  • Oh KY, Bhuyan MI (2018) Trade openness and CO 2 emissions: evidence of Bangladesh. Asian J Atmos Environ 12(1):30–36

    Article  Google Scholar 

  • Oluwajana D, Akinsola GD, Adebayo TS, Kirikkaleli D, Adeshola I, Osemeahon OS (2021) Coal consumption and environmental sustainability in South Africa: the role of financial development and globalization. Int J Renew Energy Dev 10(3):527–536

    Article  Google Scholar 

  • Panayotou T (1993) Empirical tests and policy analysis of environmental degradation at different stages of economic development (No. 992927783402676). International Labour Organization

  • Paramati SR, Alam MS, Chen CF (2017) The effects of tourism on economic growth and CO2 emissions: a comparison between developed and developing economies. J Travel Res 56(6):712–724

    Article  Google Scholar 

  • Park Y, Meng F, Baloch MA (2018) The effect of ICT, financial development, growth, and trade openness on CO 2 emissions: an empirical analysis. Environ Sci Pollut Res 25(30):30708–30719

    Article  CAS  Google Scholar 

  • Rjoub H, Adebayo TS (2021) Assessment of the role of trade and renewable energy consumption on consumption-based carbon emissions: evidence from the MINT economies. Environ Sci Pollut Res 1–13

  • Sarkodie SA, Ozturk I (2020) Investigating the environmental Kuznets curve hypothesis in Kenya: a multivariate analysis. Renew Sust Energ Rev 117:109481

    Article  Google Scholar 

  • Sarkodie SA, Adams S, Owusu PA, Leirvik T, Ozturk I (2020) Mitigating degradation and emissions in China: the role of environmental sustainability, human capital and renewable energy. Sci Total Environ 719:137530

    Article  CAS  Google Scholar 

  • Shahbaz M, Raghutla C, Song M, Zameer H, Jiao Z (2020) Public-private partnerships investment in energy as new determinant of CO2 emissions: the role of technological innovations in China. Energy Econ 86:104664

  • Shan S, Ahmad M, Tan Z, Adebayo TS, Li RYM, Kirikkaleli  D (2021) The role of energy prices and non-linear fiscal decentralization in limiting carbon emissions: Tracking environmental sustainability. Energy 234:121243

  • Sharif A, Baris-Tuzemen O, Uzuner G, Ozturk I, Sinha A (2020) Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: evidence from Quantile ARDL approach. Sustain Cities Soc 57:102138

  • Shmelev SE, Speck SU (2018) Green fiscal reform in Sweden: econometric assessment of the carbon and energy taxation scheme. Renew Sust Energ Rev 90:969–981

    Article  Google Scholar 

  • Sim N, Zhou H (2015) Oil prices, US stock return, and the dependence between their quantiles. J Bank Financ 55:1–8

    Article  Google Scholar 

  • Solarin SA, Gil-Alana LA, Lafuente C (2020) An investigation of long range reliance on shale oil and shale gas production in the US market. Energy 195:116933

  • Soylu ÖB, Adebayo TS, Kirikkaleli D (2021) The imperativeness of environmental quality in China amidst renewable energy consumption and trade openness. Sustainability 13(9):5054

  • Stone M (1977) An asymptotic equivalence of choice of model by cross-validation and Akaike’s criterion. J R Stat Soc Ser B Methodol 39(1):44–47

    Article  Google Scholar 

  • Sweden Climate (2021)https://sweden.se/climate/sustainability/energy-use-in-sweden. Accessed 21 June 2021

  • Tufail M, Song L,  Adebayo TS, Kirikkaleli D, Khan S (2021) Do fiscal decentralization and natural resources rent curb carbon emissions? Evidence from developed countries. Environ Sci Pollut Res 1–12

  • Usman O, Alola AA, Sarkodie SA (2020) Assessment of the role of renewable energy consumption and trade policy on environmental degradation using innovation accounting: evidence from the US. Renew Energy 150:266–277

    Article  Google Scholar 

  • Zamil AM, Furqan M, Mahmood H (2019) Trade openness and CO2 emissions nexus in Oman. Entrep Sustain Issues 7(2):1319–1329

    Google Scholar 

  • Zhang S, Liu X, Bae J (2017) Does trade openness affect CO 2 emissions: evidence from ten newly industrialized countries? Environ Sci Pollut Res 24(21):17616–17625

    Article  CAS  Google Scholar 

  • Zhang L, Li Z, Kirikkaleli D, Adebayo TS, Adeshola I, Akinsola GD (2021) Modeling CO2 emissions in Malaysia: an application of Maki cointegration and wavelet coherence tests. Environ Sci Pollut Res 28(20):26030–26044

    Article  CAS  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Business Administration, Faculty of Economics and Administrative Science, Cyprus International University, Mersin 10, 99040, Nicosia, Turkey

    Sunday Adebayo

  2. Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, 99040, Haspolat, Turkey

    Husam Rjoub

  3. Department of Business Management, Faculty of Economics and Administrative Sciences, Girne American University, North Cyprus, Mersin 10, Turkey

    Gbenga Daniel Akinsola

  4. Department of Earth Science, Faculty of Science, Olabisi Onabanjo University, Ogun State, Ago-Iwoye, Nigeria

    Seun Damola Oladipupo

Authors
  1. Sunday Adebayo
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Husam Rjoub
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Gbenga Daniel Akinsola
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Seun Damola Oladipupo
    View author publications

    You can also search for this author in PubMed Google Scholar

Contributions

Husam Rjoub and Tomiwa Sunday Adebayo collected data and analyzed the dataset. The “Introduction” and “Literature review” sections are written by Tomiwa Sunday Adebayo and Gbenga Daniel Akinsola. Husam Rjoub, Seun Damola Oladipupo, and Husam Rjoub constructed the “Methodology” section and empirical outcomes in the study. Tomiwa Sunday Adebayo and Gbenga Daniel Akinsola contributed to the interpretation of the outcomes and policy-making. All the authors read and approved the final manuscript.

Corresponding author

Correspondence to Sunday Adebayo.

Ethics declarations

Ethical approval

This study follows all ethical practices during writing.

Consent to participate

Not applicable

Consent for publication

Not applicable

Competing interests

The authors declare no competing interests.

Transparency

The authors confirm that the manuscript is an honest, accurate, and transparent account of the study reported; that no vital features of the study have been omitted; and that any discrepancies from the study as planned have been explained.

Additional information

Responsible Editor: Ilhan Ozturk

Publisher’s note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

This article has been retracted. Please see the retraction notice for more detail: https://doi.org/10.1007/s11356-024-34289-4"

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Adebayo, S., Rjoub, H., Akinsola, G.D. et al. RETRACTED ARTICLE: The asymmetric effects of renewable energy consumption and trade openness on carbon emissions in Sweden: new evidence from quantile-on-quantile regression approach. Environ Sci Pollut Res 29, 1875–1886 (2022). https://doi.org/10.1007/s11356-021-15706-4

Download citation

  • Received:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s11356-021-15706-4

Keywords

Search

Navigation