Abstract
The current investigation examines causal relation between PPP investment in energy sector and CO2 emissions in selected developing countries by using non-parametric causality in quantiles and linear granger causality techniques. Range of the data is from January 1998 to December 2016. Although results obtained by linear granger causality test does not report any causal relation between PPP investment in energy and CO2 emissions, but findings from non-parametric test show that non-linear relationship exhibit between variables. The non-parametric outcomes indicate that PPP investment in non-renewable energy in the selected countries contribute to carbon emissions and thus degrade environment. And therefore, the need is to divert PPP investment to renewable energy where it is more effective. This investigation provides valuable information to policy-makers in developing countries to think out of box and address pressing environmental issues.
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We are thankful to colleagues from Iqra University for their valuable feedback on the first draft of this paper.
Authors’ contribution statement
Ali Raza and Syed Hasanat worked on the concept and introduction of the paper. Literature review is prepared by Sara Qamar. Sara Qamar and Ali Raza worked on data collection and methodology. Syed Hasanat, Ali Raza and Sara Qamar run the results and wrote discussion. Ali Raza and Syed Hasanat concluded the paper and Sara Qamar arranged the references.
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This research is supported by the International Innovation Team Project of China, grant number 2019GJTD03.
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Raza, S.A., Shah, S.H. & Yousufi, S.Q. The impact of public-private partnerships Investment in Energy on carbon emissions: evidence from nonparametric causality-in-quantiles. Environ Sci Pollut Res 28, 23182–23192 (2021). https://doi.org/10.1007/s11356-020-12306-6
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DOI: https://doi.org/10.1007/s11356-020-12306-6