Investigating the causal relationship between non-renewable and renewable energy consumption, CO2 emissions and economic growth in Thailand

Conference proceedings article

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Publication Details

Author list: Boontome P., Therdyothin A., Chontanawat J.

Publisher: Elsevier

Publication year: 2017

Volume number: 138

Start page: 925

End page: 930

Number of pages: 6

ISSN: 1876-6102

eISSN: 1876-6102

URL: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85035228031&doi=10.1016%2fj.egypro.2017.10.141&partnerID=40&md5=1134db6b60f8e111649d708c9fe6df07

Languages: English-Great Britain (EN-GB)

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Abstract

This study investigates the causal relationships between non-renewable and renewable energy consumption, CO2 emissions and economic growth in Thailand over the period of 1971-2013 using the cointegration and causality model. Our results confirm the existence of cointegration among the variables. The causality relationship is found that there is a unidirectional causality running from non-renewable energy consumption to CO2 emissions. These results suggest that non-renewable energy consumption can induce CO2 emissions increase. In addition, Thailand is carbon emissions dependent on energy consumption for its rapid economic growth, causing considerable CO2 emissions. This suggests that Thailand should make more effort to develop energy-efficient technologies and renewable energy sources to achieve green growth based on lower CO2 emissions. ฉ 2017 The Authors. Published by Elsevier Ltd.

Keywords

CO2 emissions, Economic growth, Non-renewable, renewable energy consumption