Does clean energy matter? The dynamic effects of different strategies of renewable energy, carbon emissions, and trade openness on sustainable economic growth

Wang J.; Ramzan M.; Makin F.; Mahmood C.K.; Ramos-Meza C.S.; Jain V.; Shabbir M.S. · Environment, Development and Sustainability (2025) · DOI: 10.1007/s10668-023-03505-5

Resumen

This study offers new understanding by examining the link between environmental damage and the evolution of numerous renewable energy sources, including hydropower, wind, solar, biomass, and geothermal, as well as the economic expansion symbolized by trade openness, capital and public spending. This study employs panel data for ten selected Asian nations using a heterogeneous technique and second-generation gadgets for econometric analysis. The results of this study confirm the positive and significant influence of renewable energy like hydropower, solar photovoltaic, wind, biomass, and geothermal on the economic growth of Asian economies. The findings of this study provide valuable insights for all stakeholders in an integrated and coherent manner. © The Author(s), under exclusive licence to Springer Nature B.V. 2023.

Instituciones: Universidad Andina del Cusco