Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease
This study investigates the complex interconnections between renewable energy adoption, carbon dioxide (CO<sub>2</sub>) emissions, and economic factors in 50 countries marked by high rates of coronary heart disease (CHD) between 2000 and 2020. Utilizing a sophisticated two-step system ge...
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2024-12-01
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| Online Access: | https://www.mdpi.com/1996-1073/17/23/6057 |
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| author | Raufhon Salahodjaev Avazbek Sadikov |
| author_facet | Raufhon Salahodjaev Avazbek Sadikov |
| author_sort | Raufhon Salahodjaev |
| collection | DOAJ |
| description | This study investigates the complex interconnections between renewable energy adoption, carbon dioxide (CO<sub>2</sub>) emissions, and economic factors in 50 countries marked by high rates of coronary heart disease (CHD) between 2000 and 2020. Utilizing a sophisticated two-step system generalized method of moments (GMM) estimator and panel data method, our analysis reveals a significant negative impact of renewable energy on greenhouse gas emissions, emphasizing the role of sustainable energy sources in mitigating environmental and quality of life degradation. Additionally, our findings support the existence of the environmental Kuznets curve (EKC), demonstrating an inverted U-shaped relationship between gross domestic product (GDP) per capita and CO<sub>2</sub> emissions. In line with nascent studies, the EKC for CO<sub>2</sub> emissions suggests that as a country’s GDP per capita increases, the CO<sub>2</sub> emissions initially rise but eventually decline after reaching a certain level of economic development, forming an inverted U-shaped relationship. Specifically, nations facing high cardiovascular heart disease mortality rates display an important link between renewable energy integration and improved environmental quality. These insights underscore the urgency for countries to transition rapidly to green energy, advocating for policies that promote renewable technologies through partnerships between the public, private sector, and government entities. Furthermore, the study emphasizes the necessity of innovative structural reforms in developing countries to stimulate economic growth beyond the EKC turning point, ensuring sustainable development while curbing their carbon footprint resulting from economic activities. Future research should explore the broader global contexts, considering variables like social capital and globalization to inform targeted policies aimed at safeguarding public health and the environment. |
| format | Article |
| id | doaj-art-459e7b45b56f42638e7bc7ce9832c4e9 |
| institution | Kabale University |
| issn | 1996-1073 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj-art-459e7b45b56f42638e7bc7ce9832c4e92024-12-13T16:25:55ZengMDPI AGEnergies1996-10732024-12-011723605710.3390/en17236057Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart DiseaseRaufhon Salahodjaev0Avazbek Sadikov1University of Tashkent for Applied Science, Gavhar Street 1, Tashkent 10000, UzbekistanNational University of Uzbekistan Named After Mirzo Ulugbek, Universitet Ko’chasi 4, Tashkent 100174, UzbekistanThis study investigates the complex interconnections between renewable energy adoption, carbon dioxide (CO<sub>2</sub>) emissions, and economic factors in 50 countries marked by high rates of coronary heart disease (CHD) between 2000 and 2020. Utilizing a sophisticated two-step system generalized method of moments (GMM) estimator and panel data method, our analysis reveals a significant negative impact of renewable energy on greenhouse gas emissions, emphasizing the role of sustainable energy sources in mitigating environmental and quality of life degradation. Additionally, our findings support the existence of the environmental Kuznets curve (EKC), demonstrating an inverted U-shaped relationship between gross domestic product (GDP) per capita and CO<sub>2</sub> emissions. In line with nascent studies, the EKC for CO<sub>2</sub> emissions suggests that as a country’s GDP per capita increases, the CO<sub>2</sub> emissions initially rise but eventually decline after reaching a certain level of economic development, forming an inverted U-shaped relationship. Specifically, nations facing high cardiovascular heart disease mortality rates display an important link between renewable energy integration and improved environmental quality. These insights underscore the urgency for countries to transition rapidly to green energy, advocating for policies that promote renewable technologies through partnerships between the public, private sector, and government entities. Furthermore, the study emphasizes the necessity of innovative structural reforms in developing countries to stimulate economic growth beyond the EKC turning point, ensuring sustainable development while curbing their carbon footprint resulting from economic activities. Future research should explore the broader global contexts, considering variables like social capital and globalization to inform targeted policies aimed at safeguarding public health and the environment.https://www.mdpi.com/1996-1073/17/23/6057renewable energyCO<sub>2</sub> emissionsheart diseasesustainable development |
| spellingShingle | Raufhon Salahodjaev Avazbek Sadikov Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease Energies renewable energy CO<sub>2</sub> emissions heart disease sustainable development |
| title | Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease |
| title_full | Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease |
| title_fullStr | Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease |
| title_full_unstemmed | Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease |
| title_short | Examining the Nexus Between Renewable Energy, CO<sub>2</sub> Emissions, and Economic Factors: Implications for Countries Marked by High Rates of Coronary Heart Disease |
| title_sort | examining the nexus between renewable energy co sub 2 sub emissions and economic factors implications for countries marked by high rates of coronary heart disease |
| topic | renewable energy CO<sub>2</sub> emissions heart disease sustainable development |
| url | https://www.mdpi.com/1996-1073/17/23/6057 |
| work_keys_str_mv | AT raufhonsalahodjaev examiningthenexusbetweenrenewableenergycosub2subemissionsandeconomicfactorsimplicationsforcountriesmarkedbyhighratesofcoronaryheartdisease AT avazbeksadikov examiningthenexusbetweenrenewableenergycosub2subemissionsandeconomicfactorsimplicationsforcountriesmarkedbyhighratesofcoronaryheartdisease |