Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries |
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| Institution: | 1. School of Economic and Management, Xi''an University of Technology, Xi''an, Shaanxi, China;2. Shih Chien University Kaohsiung Campus, Kaohsiung, Taiwan;1. School of Economics, Shandong Normal University, Jinan, PR China;2. The Center for Economic Research, Shandong University, Jinan, PR China;3. School of Business, Hunan University of Science and Technology, Xiangtan, Hunan, PR China;4. Department of Management Sciences, Comsats Institue of Information Technology, Vehari, Pakistan;1. School of Business Administration, China University of Petroleum-Beijing, Beijing, 102249, China;2. Department of Agricultural, Food and Resource Economics, Rutgers, The State University of New Jersey, NJ 08901, USA;3. State Key Laboratory of Heavy Oil Processing, China University of Petroleum-Beijing, Beijing, 102249, China;4. School of Management and Economics, Beijing Institute of Technology, Beijing, 100081, China;5. Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, 100081, China;6. Beijing Key Lab of Energy Economics and Environmental Management, Beijing, 100081, China;7. School of Environment and Natural Resources, Renmin University of China, Beijing, 100872, China |
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| Abstract: | A transition towards the adoption of clean energy sources in electricity generation is essential to reduce the emission of greenhouse gases. The present study aims to examine the EKC hypothesis by taking into account nuclear energy in 18 OECD countries for the period 1995–2015. This study employs panel dynamic Generalised Method of Moments (GMM) and panel Fully Modified Ordinary Least Squares (FMOLS) to investigate the effects of electricity production from nuclear source, electricity production from non-renewables and trade openness on CO2 emissions. The empirical findings suggest that EKC hypothesis is valid in OECD countries where nuclear energy plays a pivotal role in protecting the environment. On the contrary, non-renewable energy sources tend to increase CO2 emissions. Our results support the notion that electricity generated by nuclear source leads to lower CO2 emissions without retarding the long run growth in OECD countries. The findings also provide important policy insights and recommendations not only for OECD countries, but also for developing countries in designing appropriate energy and economic policies. |
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| Keywords: | Nuclear energy Non-renewables EKC Panel analysis |
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