Assessing the effectiveness of biomass energy in mitigating CO2 emissions: Evidence from Top-10 biomass energy consumer countries
Liu Z. Saydaliev H.B. Lan J. Ali S. Anser M.K.
May 2022Elsevier Ltd
Renewable Energy
2022#191842 - 851 pp.
Renewable energy has become more popular since it is cost-effective and more efficient than conventional energy sources. Biomass-based renewable energy is primarily used in emerging economies to ensure environmental sustainability. This study examines the asymmetric correlation between biomass energy consumption and CO2 emissions in the top-10 biomass energy consumer countries (Brazil, Canada, Thailand, China, Italy, India, Germany, USA, UK, and Japan). A new approach “Quantile-on-Quantile (QQ) is employed by utilizing the data from 1991 to 2018. Biomass energy consumption, with the exception of Thailand, significantly mitigates CO2 emissions at various quantiles in selected countries. As a robustness check, we used the quantile regression test, whose findings are consistent with the outcomes from the quantile-on-quantile method. However, the degree of asymmetry in the biomass energy-CO2 nexus varies by country, necessitating extra attention and government vigilance when developing biomass energy and environmental policies.
Biomass energy consumption , CO2 emissions , Quantile-on-quantile estimation
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School of Business, Nanjing Normal University, China
Associate Professor, Business School, Suleyman Demirel University, Kaskelen, Almaty, 040900, Kazakhstan
Research Fellow, Mathematical Methods in Economics, Tashkent State University of Economics, Tashkent, 100003, Uzbekistan
College of Public Administration & China Academy of Resources, Environment and Development, Nanjing Agricultural University, No. 1 Weigang, Nanjing, 210095, China
School of Economics, Bahauddin Zakariya University, Multan, Pakistan
School of Public Administration, Xian University of Architecture and Technology, China
School of Business
Associate Professor
Research Fellow
College of Public Administration & China Academy of Resources
School of Economics
School of Public Administration
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