Abstract
Still the world witnessed an upturn in environmental degradation in spite of commitment to climate change across the nations. However, this study attempts to examine linkages among environmental degradation, technological innovation, and electricity consumption in India from 1981 to 2018 using time series data. To examine the long-run equilibrium relationship among the studied variables, we used robust econometric methods such as the autoregressive distributed lag (ARDL), fully modified ordinary least square (FMOLS), and dynamic ordinary least square (DOLS) methods. Furthermore, Granger causality also investigates through the vector error correction model (VECM) model, to assess inter-connotation among the underlying variables. From our empirical findings, urbanization, financial development, and technological innovation have a negative impact on carbon emissions, indicating long-term improvements in environmental quality. While economic development and electricity consumption are deteriorating environmental quality in India. The study's findings suggest that policymakers should prioritize renewable energy, which decreases environmental damage without impeding economic growth.
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Abbreviations
- ARDL :
-
Autoregressive distributed lag
- FMOLS :
-
Fully modified ordinary least square
- DOLS :
-
Dynamic ordinary least square
- VECM :
-
Vector error correction model
- NARDL :
-
Nonlinear autoregressive distributed lag
- SDGs :
-
Sustainable development goals
- IPCC :
-
Intergovernmental panel on climate change
- CO 2 :
-
Carbon dioxide
- GDP :
-
Gross domestic product
- ECC :
-
Electricity consumption
- FIN :
-
Financial development
- P :
-
Patent rights
- URB :
-
Urbanization
- EKC :
-
Environmental kuznets curve
- NO 2 :
-
Nitrogen dioxide
- SO 2 :
-
Sulfur dioxide
- CO :
-
Carbon monoxide
- FDI :
-
Foreign direct investment
- CUSUM :
-
Cumulative sum
- ADF :
-
Augmented dickey fuller
- PP :
-
Phillips Perron
- IMFs :
-
Impulse response functions
- VARD :
-
Variance decomposition
- DW :
-
Durbin Watson
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Zeeshan Ahmad: Writing—original draft, Writing—review & editing. Imran Ali Baig: Supervision, Methodology, editing. Shah Husain: Data curation, and organization and Validation of data. Zeeshan Anis Khan: Writing—review & editing, Resources.Minakshi Rana: Review and Editing. Kaifi Azam: Proof read and editing. Md Abdus Salam: Validation, Writing—original draft, Writing—review & editing.
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Ahmad, Z., Baig, I.A., Husain, S. et al. How technological innovation and electricity consumption affect environmental quality? A road map towards achieving environmental sustainability. Environ Sci Pollut Res (2023). https://doi.org/10.1007/s11356-023-28055-1
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DOI: https://doi.org/10.1007/s11356-023-28055-1