Volume 7, Issue 12 (December 2020), Pages: 127-132
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Original Research Paper
Title: The impact of renewable energy consumption on carbon dioxide emissions and economic growth in the Kingdom of Saudi Arabia
Author(s): Hichem Dkhili *, Lassad Ben Dhiab
Affiliation(s):
College of Business Administration, Northern Border University, Arar, Saudi Arabia
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* Corresponding Author.
Corresponding author's ORCID profile: https://orcid.org/0000-0001-5773-1494
Digital Object Identifier:
https://doi.org/10.21833/ijaas.2020.12.014
Abstract:
This study aims to show the relationship between the impact of energy consumption on carbon dioxide emissions and economic growth. Using quantitative indicators of energy consumption ratios, carbon dioxide emissions, and economic growth in Saudi Arabia, we try to measure the impact of various variables by taking into account the economic factors of the sample country. The application of a multivariate model of economic growth and renewable energy with carbon dioxide emissions monitored between 1990 and 2018 has been used. The empirical results indicate a unidirectional causal relationship between GDP and energy consumption. A unidirectional causal relationship is between energy consumption and long-term CO2 emissions. The results suggest that carbon dioxide emissions and energy consumption are not driving economic growth. Therefore, Saudi Arabia can maintain a conservative energy policy and a long-term carbon reduction policy without hindering economic growth.
© 2020 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Energy consumption, Carbon dioxide emissions, Economic growth
Article History: Received 22 April 2020, Received in revised form 30 July 2020, Accepted 10 August 2020
Acknowledgment:
No Acknowledgment.
Compliance with ethical standards
Conflict of interest: The authors declare that they have no conflict of interest.
Citation:
Dkhili H and Ben Dhiab L (2020). The impact of renewable energy consumption on carbon dioxide emissions and economic growth in the Kingdom of Saudi Arabia. International Journal of Advanced and Applied Sciences, 7(12): 127-132
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