Impact of Energy Consumption and Agriculture Growth on the Environmental Degradation: Evidence from ASEAN Countries
Keywords:
Renewable energy consumption, Gross domestic product, Electric power consumption, Agriculture growth, Energy import, Energy use, carbon dioxide (CO2) emissions.Abstract
Globally, renewable and nonrenewable energy usage have been identified as key indicators of environmental degradation, necessitating additional investigation. This essay aims to examine the impact of energy use and agricultural expansion on environmental degradation. The paper selected several energy consumptions factors, including renewable energy, fossil fuel, electric power, energy consumption, energy import, and GDP. The study gathered secondary data from World Bank indicators from 1991 to 2020 from ASEAN countries. Phillips-Perron (PP) and Augmented Dickey-Fuller (ADF) approaches were utilized to analyze unit roots between constructions. The study also considered the QARDL approach to assess the correlation between selected constructs. In the sample of ASEAN economies, renewable energy consumption and CO2 emissions were inversely linked; however, other variables demonstrated a positive relationship with CO2 emissions. After the paper, several ramifications were outlined that could aid regulators in taking corrective action regarding CO2 reduction through REC.